Tenanted Commercial Property LOT 157

10-12 Main Street, Kilsyth, G65 0AQ
OPENING BID

Timed Online Auction

21 October 2021, 10am-3pm

Bidding Closes in

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

Description

Full Address: 10-12 Main Street, Kilsyth, G65 0AQ

TENANTED COMMERCIAL INVESTMENT PROPERTY*** Large DOUBLE fronted commercial unit within busy Kilsyth town centre. Prominent location with heavy footfall/ passing trade.

The double fronted unit has two main points of access from the front, and servicing of the unit is to the rear. Large car park also available to the rear.

Currently tenanted at 9,360 per annum on a 5 year lease. Excellent Investment Purchase, offering over a 10% gross yield. Unit extends to approx. 1,316 Sq.Ft

Sure to appeal to Investor looking for a strong High yielding investment. Instant income producing investment opportunity.

Kilsyth is ideally located as a commuter location with access to Glasgow City Centre within 25 minutes, Stirling in 25 minutes and Edinburgh in under 1 hour.

Large DOUBLE fronted commercial unit within busy Kilsyth town centre. Prominent location with heavy footfall/ passing trade. Unit extends to approx. 1,316 Sq.Ft The double fronted unit has two main points of access from the front, and servicing of the unit is to the rear. Large car park also available to the rear. Currently tenanted at 9,360 per annum on a 5 year lease. Excellent Investment Purchase, offering over a 10% gross yield. Sure to appeal to Investor looking for a strong High yielding investment. Instant income producing investment opportunity. Early Offers considered. Kilsyth is ideally located as a commuter location with access to Glasgow City Centre within 25 minutes, Stirling in 25 minutes and Edinburgh in under 1 hour.

Kilsyth offers a number of amenities including shops, health & leisure, primary & secondary school and sports facilities as well as a number of historic tourist attractions. Nearby Croy railway station provides a regular link with Glasgow, Edinburgh and Stirling on to North & South. All major motorway networks are only a short drive away, as are Loch Lomond and the Trossachs and many more scenic locations.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 years
Rent: 9,360 per year / 780 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: 1st July 2021 until 1st July 2026. 180 per week.

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Location

Pricing Information & Bidding

Opening Bid: £52,000

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 £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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