Tenanted Commercial Property LOT 177

30 Great Junction Street, Edinburgh, EH6 5LA
OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 30 Great Junction Street, Edinburgh, EH6 5LA

Tenanted High Street Shop in PRIME HIGH STREET LOCATION in Leith within the city of Edinburgh. Immediate rental income of 8,000 per annum until 2023. Excellent investment opportunity in sought after location.

SUPER SIZE AND LOCATION in busy main thoroughfare forming Edinburgh's amin independent trading centre. 42sqm shop comprising shop front, store, kitchen area and W.C and additional basement area.

The Property Benefits from Excellent window frontage onto Great Junction Street which is a High Footfall Location with a number of major national retailers including Tesco, Greggs, Poundland, Terminal Shopping Centre and Newkirkgate Shopping Centre.

Settled tenant trading extremely well with excellent payment history. Rental income of 8,000 per annum with tenancy in place until 31st December 2022. Potential for increased rent in HIGH DEMAND LOCATION.

Great Junction Street is recognised as an important retail thoroughfare in the Leith area, supported by the Newkirkgate Shopping Centre, which has recently been refurbished. Main link between Leith Way and City Centre

Tenanted High Street Shop in PRIME HIGH STREET LOCATION in Leith within the city of Edinburgh. Immediate rental income of 8,000 per annum until 2023. Excellent investment opportunity in sought after location. SUPER SIZE AND LOCATION in busy main thoroughfare forming Edinburgh's amin independent trading centre. 42sqm shop comprising shop front, store, kitchen area and W.C and additional basement area. The Property Benefits from Excellent window frontage onto Great Junction Street which is a High Footfall Location with a number of major national retailers including Tesco, Greggs, Poundland, Terminal Shopping Centre and Newkirkgate Shopping Centre. Settled tenant trading extremely well with excellent payment history. Rental income of 8,000 per annum with tenancy in place until 31st December 2022. Potential for increased rent in HIGH DEMAND LOCATION. Great Junction Street is recognised as an important retail thoroughfare in the Leith area, supported by the Newkirkgate Shopping Centre, which has recently been refurbished. Main link between Leith Way and City Centre.

Property is Situated in the unique locale of Edinburgh's shore area. There are an enviable selection of bars and restaurants in the vicinity, and the area is easily accessed either by car or by public transport. The Scottish Executive is now established in the dock area, as is the former Royal Yacht Britannia and the recently completed Ocean Terminal Shopping Centre brining unprecedented levels of footfall to the area.

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Floorplans

30  Great Junction Street  Edinburgh

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 31/12/2022
Rent: 8,000 per year / 667 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes: lease viewed by FPA

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Location

Pricing Information & Bidding

Opening Bid: £98,000

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).

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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.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £4,000 + 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

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