Vacant Commercial Property LOT 37

18 Castle Street, Huntly, AB54 8BP
OPENING BID

Timed Online Auction

21 October 2021, 10am-3pm

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

Description

Full Address: 18 Castle Street, Huntly, AB54 8BP

***INVESTMENT PROPERTY 2 BED FLAT AND SHOP - FULL BUILDING*** Located in Castle St, HUNTLY Realistic rental potential of over 12,720 for ground floor unit and the upper floor flat. SUPERB VALUE.

PROPERTY COMPRISES:- Ground floor: Shop front, hall, rear staff room. Side entrance leading to 1st Floor: living room diner, bedroom, shower room, kitchen, 2nd floor bedroom, shared garden

HIGH YIELDING INVESTMENT OPPORTUNITY Realistic possible rent 485pcm for the flat & 575pcm for the shop. Total income 12,720 pa and offering SUPERB POSSIBLE YIELD OF 16% if achieved for guide price.

FANTASTIC SALES EVIDENCE:- Churchview, Macdonald St, Huntly SOLD FOR 190,000 in 2021, 12 Nelson St, Huntly SOLD FOR 187000 in 2021 10c, Castle St, Huntly, SOLD FOR 158,000 in 2017

The property is located in Huntly the nearest cities are Aberdeen and Inverness. Huntly has a range of sporting facilities, shops & banks, with High schools available in Huntly and nearby Keith.

***INVESTMENT PROPERTY 2 BED FLAT AND SHOP - FULL BUILDING*** Located in Castle St, HUNTLY Realistic rental potential of over 12,720 for ground floor unit and the upper floor flat. SUPERB VALUE. PROPERTY COMPRISES:- Ground floor: Shop front, hall, rear staff room. Side entrance leading to 1st Floor: living room diner, bedroom, shower room, kitchen, 2nd floor bedroom, shared garden. The building comprises of a walk in condition 2 bed flat ready for immediate occupation. The flat is over 1st and 2nd floors and accommodation comprises fully fitted kitchen, bathroom with shower, lounge and 2 bedrooms. The flat would let in the region of 500 pcm The shop unit traded formerly as a bakers and has great potential .The shop would let in the region of 6700 per annum. Potential combined income could be 12720 per annum. HIGH YIELDING INVESTMENT OPPORTUNITY Realistic possible rent 485pcm for the flat & 575pcm for the shop. Total income 12,720 pa and offering SUPERB POSSIBLE YIELD OF 16% if achieved for guide price. FANTASTIC SALES EVIDENCE:- Churchview, Macdonald St, Huntly SOLD FOR 190,000 in 2021, 12 Nelson St, Huntly SOLD FOR 187000 in 2021 10c, Castle St, Huntly, SOLD FOR 158,000 in 2017

The property is located in Huntly the nearest cities are Aberdeen and Inverness. Huntly has a range of sporting facilities, shops & banks, with High schools available in Huntly and nearby Keith. Huntly is a market town and commercial centre situated in the heart of west Aberdeenshire on the A96 approximately 37 miles from Aberdeen. Huntly is the home of Clan Gordon and is renowned for Huntly Castle and the Gordon Schools. It has a range of amenities and leisure facilities including shooting, fishing and golf.

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Pricing Information & Bidding

Opening Bid: £40,000

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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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: 21 October 2021, 10am-3pm
Type: Timed Online Auction

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