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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

SUBSTANTIAL GROUND AND BASEMENT PRIME 1,808 Sq Ft Commercial Premises in fantastic location. Rental Potential of up to £25,000 per annum. Prominent corner position on Market Square,

The market town of Duns is located in Berwickshire within the Scottish Borders, approximately 50 miles south of Edinburgh and 16 miles west of Berwick-Upon-Tweed.

The subjects occupy a prominent corner position on Market Square, overlooking the main square, with return frontage onto Easter Street.

The subject property comprises the ground floor of an attractive C-Listed, three-storey sandstone building with the upper floors operating under separate ownership as guest house accommodation.

Internally, the property is currently configured as a former bank branch with the ground floor comprising main customer area, meeting rooms with staff facilities and storage areas in rear extension.

The subject property comprises the ground floor of an attractive C-Listed, three-storey sandstone building with the upper floors operating under separate ownership as guest house accommodation. Internally, the property is currently configured as a former bank branch with the ground floor comprising main customer area, meeting rooms with staff facilities and storage areas located in the single storey extension to the rear. The basement provides additional small storage rooms and a large walk-in safe. We understand the premises extend to the following approximate floor areas: Ground 1,485 sq ft 138 sq m Basement 323 sq ft 30 sq m Total 1,808 sq ft 168 sq m We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £12,600.00 and the rates payable are £6,274.80 pa. The UBR for 2023/2024 is 49.80p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.

The market town of Duns is located in Berwickshire within the Scottish Borders, approximately 50 miles south of Edinburgh and 16 miles west of Berwick-Upon-Tweed. An immediate population of around 2,700 residents, in addition to a number of outlying villages in the catchment area, are well served by local services and amenities including primary and secondary schooling, a variety of independent shops, public houses, restaurants, veterinary surgery, police station, library, fire station, council and housing association offices. The subjects occupy a prominent corner position on Market Square, overlooking the main square, with return frontage onto Easter Street.

Full Address: 10 Market Square, Former Bank of Scotland, Duns, TD11 3ED

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Pricing Information & Bidding

Guide Price: £114,000


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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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £119,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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