GUIDE PRICE

Deadline for Offers

14 October 2021, 3pm

Bidding Closes in

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

Description

Full Address: 35-39 Butts Street, Commercial Investment, Annan, DG12 5BA

SUBSTANTIAL commercial unit with the potential to convert to residential. Approx. 2,293 Sq. Ft. *** VAT FREE - NO VAT PAYABLE ON PURCHASE PRICE *** REALISTIC RENTAL POTENTIAL 22,000 PER ANNUM.

Comprises two single storey retail / office buildings together with a further two storey warehouse building at the rear. NO Rates Payable - Qualifies For 100% Rates Relief.

REALISTIC RENTAL POTENTIAL 22,000 PER ANNUM. Giving over 15% YIELD at current guide price. EXCELLENT trading location. Nearby occupiers include Aldi supermarket and Spar.

IDEAL RENTAL PROPERTY or potential to convert into residential dwellings (subject gaining necessary consents). SUBSTANTIAL SIZED PROPERTY approx. 2,293 SQ. FT.

SUPER SPOT on the south-west corner of Butts Street and Johnstone Street, within a mixed residential / commercial district located a short distance to the north of the town centre.

SUBSTANTIAL commercial unit with the potential to convert to residential. Approx. 2,293 Sq. Ft. *** VAT FREE - NO VAT PAYABLE ON PURCHASE PRICE *** Comprises two single storey retail / office buildings together with a further two storey warehouse building at the rear. NO Rates Payable - Qualifies For 100% Rates Relief. No.39 Butts Street has a prominent display retail frontage with display windows flanking the entrance door. No.37 Butts Street has its own entrance door. No.37 & No.39 are linked internally, and both have direct access into the rear warehouse. Retail: 104.9sqm (1,129sq ft) Office/Store: 30.63sqm (330sq ft) Warehouse: 64.3sqm (692sq ft) Total: 213.07sqm (2,293sq ft) REALISTIC RENTAL POTENTIAL 22,000 PER ANNUM. Giving over 15% YIELD at current guide price. EXCELLENT trading location. Nearby occupiers include Aldi supermarket and Spar. IDEAL RENTAL PROPERTY or potential to convert into residential dwellings (subject gaining necessary consents). SUBSTANTIAL SIZED PROPERTY approx. 2,293 SQ. FT. Situated on the south-west corner of Butts Street and Johnstone Street, within a mixed residential / commercial district located a short distance to the north of the town centre.

Annan is a popular market town situated in Southwest Scotland approx. 15 miles from Dumfries and 20 miles from Carlisle. The town is located only 10 minutes from the M74/M6 motorway. Resident population of around 9,000.

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Location

Pricing Information & Bidding

Guide Price: £100,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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: 14 October 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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