OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 110 Argyll St, Former Lloyds TSB Bank, Dunoon, PA23 7NE

PRIME FORMER TSB BANK with Class 3 / hot food takeaway consent applied for. Prime position on main retail parade with many national blue chip occupiers, high footfall and traffic. *** CURRENT Class 1 & Class 2 consent, CLASS 3 HOT FOOD CONSENT APPLIED FOR. *** NO RATES PAYABLE under small business discount scheme. Rental Potential £13,000pa offering 15%+ yield. *** VAT FREE, no vat payable as not elected for vat.

*** VIEWING APPOINTMENT AVAILABLE 17TH MARCH 2021 AT 10AM - CONTACT US TO SCHEDULE *** The subject premises are located in a 100% prime position on the east side of Argyll Street. Nearby occupiers include Semi Chem, RS McColl, Gibsonís Electricals and Boots the Chemist.

The premises comprise a double windowed retail unit arranged over ground floor within a two storey sandstone building. Internally the premises comprise a former banking hall, a number of small offices

The property benefits from Class 1 & Class 2 consent, however, CLASS 3 HOT FOOD CONSENT APPLIED FOR by current owners and awaiting approval.

Rent - Offers in excess of £13,000 per annum are expected.

The premises comprise a double windowed retail unit arranged over ground floor within a two storey sandstone building. Internally the premises comprise a former banking hall, a number of small offices, staff welfare and WC facilities. Accommodation - The net internal areas are as follows -Rating The premises are entered into the 2017 Valuation Roll as follows: Rateable Value £8,200 Commercial Rate Poundage £0.498 (exclusive of water and sewerage rates) Qualifies for 100% rates relief in terms of the Small Business Bonus Scheme. Planning The property benefits from Class 1 & Class 2 consent, however, subject to planning, could lend itself to Class 3 / hot food takeaway. CLASS 3 HOT FOOD CONSENT APPLIED FOR. Rent Offers in excess of £13,000 per annum are expected. *** VAT FREE, no vat payable as not elected for vat.

Dunoon is located on the Firth of Clyde at the base of the Cowal Peninsula approximately 28 miles north west of Glasgow with a population of around 9,000 people. The town has two ferry operators providing regular services to Gourock and Greenock. The subject premises are located in a 100% prime position on the east side of Argyll Street. Nearby occupiers include Semi Chem, RS McColl, Gibsonís Electricals and Boots the Chemist.

Show More

Floorplans

110  Argyll St, Former Lloyds TSB Bank  Dunoon

Click to Enlarge Floorplan Image

Document Downloads

  LEGAL PACK PENDING - Request Copy

Location

Pricing Information & Bidding

Opening Bid: £49,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 23 September 2021, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 45
£90,000 GUIDE PRICE
  • PRIME HIGH STREET RETAIL 720 sq ft Unit on opposing corner to Clydesdale Bank. Former Yor...
Lot 7
£128,000 OPENING BID
  • Substantial former hotel premises in the quiet seaside resort of Port Bannatyne on the Is...
Lot 20
£153,000 OPENING BID
  • *** UNIQUE AND EXCITING OPPORTUNITY***to purchase a stunning and beautifully positioned p...