Vacant Commercial Property LOT 173

74 High Street, Former TSB, Wick, KW1 4NE
OPENING BID

Timed Online Auction

02 June 2022, 10am-3pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 74 High Street, Former TSB, Wick, KW1 4NE

***VAT FREE COMMERCIAL INVESTMENT OPPORTUNITY*** Large Ground Floor Former TSB Bank located in the popular Highland town of Wick. REALISTIC RENTAL POTENTIAL OF 15,000 PER ANNUM IN PRIME TOWN CENTRE LOCATION.

SUPER SIZE (1,207sq ft) AND LOCATION on busy High Street. Access is gained via a single door at the westernmost side of the front leading to an open plan former banking hall with partitions erected to form rear counter, private officer, cash machine room, W.Cs and tea prep area

The property currently benefits from class 2 consent however may lend itself to class 1 or hot food consent (subject to obtaining necessary consents) IN PRIME TRADING LOCATION WITH REALISITIC RENTAL POTENTIAL OF UP TO 15,000 PER ANNUM.

PERFECT INVESTMENT PROPERTY- Change of use to class 3 hot food consents has been applied for by current owners. Property would attract a rent of 15,000 - 20,000 once approved for class 3.

The property is situated on the north side of High Street, at its junction with Bridge Street within the main retailing and commercial parade of Wick. Wick is the main administrative hub for the area and has a resident population of approximately 7,000 people.

***VAT FREE COMMERCIAL INVESTMENT OPPORTUNITY*** Large Ground Floor Former TSB Bank located in the popular Highland town of Wick. REALISTIC RENTAL POTENTIAL OF 15,000 PER ANNUM IN PRIME TOWN CENTRE LOCATION. SUPER SIZE (1,207sq ft) AND LOCATION on busy High Street. Change of use to class 3 hot food consents has been applied for by current owners. Access is gained via a single door at the westernmost side of the front leading to an open plan former banking hall with partitions erected to form rear counter, private officer, cash machine room, W.Cs and tea prep area. The property currently benefits from class 2 consent however may lend itself to class 1 or hot food consent (subject to obtaining necessary consents) IN PRIME TRADING LOCATION WITH REALISITIC RENTAL POTENTIAL OF UP TO 15,000 PER ANNUM. PERFECT INVESTMENT PROPERTY- The property qualifies for 100% rates relief through the Small Business Bonus Scheme subject to occupier status. ***NO VAT PAYABLE ON PURCHASE PRICE*** The property is situated on the north side of High Street, at its junction with Bridge Street within the main retailing and commercial parade of Wick. Wick is the main administrative hub for the area and has a resident population of approximately 7,000 people.

Wick is the main hub of Caithness providing administrative and community facilities including a general hospital, swimming pool, retail parks and Highland Council offices. The vibrant town centre hosts a diverse selection of traditional and contemporary shops, cafes, bars and restaurants. There are a number of primary schools within the area as well as a secondary school. A number of leisure activities are on offer for all ages varying from walks, history and culture, golfing and boat tours. The surrounding Caithness countryside is spectacular and diverse offering a range of inland and coastal pursuits and plenty of local wildlife. As such the area is extremely popular amongst tourists and those travelling towards the Islands further north. The town is also located on the lucrative NC500 Route. The harbour is a commercial port with an extensive marina complex with a developing leisure boat facility. Situated on the A99-A9, Wick is ideally linked between John O'Groats and Inverness and features rail links to the north and 103 miles south towards Inverness and beyond. Wick airport also offers a number of scheduled UK flights daily.

Show More

Floorplans

74  High Street, Former TSB  Wick

Click to Enlarge Floorplan Image

Document Downloads

LEGAL PACK AVAILABLE - Download

Location

Pricing Information & Bidding

Opening Bid: £68,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

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.

Submit Offer Now

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: 02 June 2022, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 268
£30,000 OPENING BID
  • Large retail premises extending to 577sq ft( 53.62 sq m) location in the hart of Campbelt...
Lot 170
£52,000 OPENING BID
  • PRIME FORMER TSB BANK with Class 3 / hot food takeaway consent applied for. Prime positio...