OPENING BID

Timed Online Auction

08 September 2022, 10am-3pm

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

Description

Full Address: 78 High Street, Town Centre Investment, Dalbeattie, DG5 4HB

PRIME TOWN CENTRE RETAIL / OFFICE within popular town centre. Large unit extends to approx. 121.5sqm (1,308sq ft). Nearby occupiers include Well Pharmacy, Post Office, The Co-Op and Marchbanks Bakers

*** IMMEDIATE INCOME PRODUCING INVESTMENT OPPORTUNITY - Property is currently tenanted at £6,000 per annum with the initial term of the lease running until January 2025 ***

Business rates exempt (subject to status) making this an ideal purchase for long-term investor. Excellent potential return on investment. No VAT payable, property not vat elected.

Ideal opportunity for retail or office use. Potential for change of use to hot food consent (subject to gaining nessecaery consents). EXCELLENT TRADING LOCATION.

Situated on the West side of High Street,within the town of Dalbeattie. DALBEATTIE is one of the main centres in Dumfries & Galloway near the scenic Solway Coast, 4 miles to Castle Douglas & Dumfries

PRIME TOWN CENTRE RETAIL / OFFICE within popular town centre Large unit extends to approx. 121.5sqm (1,308sq ft). Nearby occupiers include Well Pharmacy, Post Office, The Co-Op and Marchbanks Bakers. *** IMMEDIATE INCOME PRODUCING INVESTMENT OPPORTUNITY - Property is currently tenanted at £6,000 per annum with the initial term of the lease running until January 2025 *** Comprises a ground and basement floor commercial unit set within a 2 storey mixed use development. HIGH FOOTFALL LOCATION in BUSY TOWN CENTRE. Internally partitions have been formed to create w.c. facilities, staff tea prep and store room, the basement is accessed via an internal staircase with basement offering further storage with potential conversion to additional staff area and w.c’s. Ground: 64.7sqm (696sq ft) Basement: 56.8sqm (612sq ft) Total: 121.5sqm (1,308sq ft). Ideal opportunity for retail or office use. Potential for change of use to hot food consent (subject to gaining nessecaery consents). EXCELLENT TRADING LOCATION. Business rates exempt (subject to status) making this an ideal purchase for long-term investor. Excellent potential return on investment. Situated on the West side of High Street, within the town of Dalbeattie. DALBEATTIE is one of the main centres in Dumfries & Galloway near the scenic Solway Coast, 4 miles to Castle Douglas & Dumfries. No VAT payable, property not vat elected.

DALBEATTIE is one of the main centres in Dumfries and Galloway near the scenic Solway Coast, Dalbeattie Forest & Urr Water only 4 miles to Castle Douglas and Dumfries (15 miles). The immediate area benefits from excellent road networks and is renowned for it's natural beauty. Dalbeattie is a popular area with a variety of shops, food stores, schools, health centre, library and post office all within easy reach ---PRICED FOR A FAST AUCTION SALE - Dalbeattie benefits from Primary and Secondary Schools, Health Centre, Library, and a variety of shops. The M74 motorway network is 45 miles distant, and there are regular flights to other parts of the UK, Ireland and Continental Europe from Edinburgh, Glasgow and Newcastle, with their international airports approximately 100 miles distant.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Running until 2025
Rent: £6,000 per year / £500 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: "Rent Commencement Date" means 28th February 2022; Term End Date" means 30th January 2025;

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Location

Pricing Information & Bidding

Opening Bid: £42,000

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 = 2.75% of Sale Price (Minimum £2,750 + 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: 08 September 2022, 10am-3pm
Type: Timed Online Auction

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