Description
PRIME INVESTMENT***vacant TOWN CENTRE property. Full building plus 20+ car spaces. EXCELLENT TRADING POSITION Potential for 4 retail units + 14/16 residential flats on upper floors
The subjects comprise a substantial building which has been extended and adapted over the years and includes rear car parking and loading accessed off Coutties Wynd.
The subjects occupy a site extending to around 0.7 acres. The premises would lend itself to sub-division, ranging from units of 2,500 Sq Ft up to 5000 Sq Ft plus.
The property benefits from a Feed in Tariff Solar installation of 44KWs on the roof, generating power for the property and exporting surplus to the grid.
The property has been measured to the following Ground Floor 1,050sq.m. (11,300sq. ft.) First Floor 1,000sq.m. (10,750sq. ft.) Second Floor 100sq.m. (1,050sq. ft.) TOTAL 2,150sq.m. (23,100sq. ft.)
PRIME INVESTMENT***vacant TOWN CENTRE property. Full building plus 20+ car spaces. EXCELLENT TRADING POSITION Potential for 4 retail units + 14/16 residential flats on upper floors. The subjects comprise a substantial building which has been extended and adapted over the years and includes rear car parking and loading accessed off Coutties Wynd. The subjects occupy a site extending to around 0.7 acres. The premises would lend itself to sub-division, ranging from units of 2,500 Sq Ft up to 5000 Sq Ft plus. The property benefits from a Feed in Tariff Solar installation of 44KWs on the roof, generating power for the property and exporting surplus to the grid. The property has been measured to the following Ground Floor 1,050sq.m. (11,300sq. ft.) First Floor 1,000sq.m. (10,750sq. ft.) Second Floor 100sq.m. (1,050sq. ft.) TOTAL 2,150sq.m. (23,100sq. ft.)
Maps & Location
Map Street View SatelliteSituated on East High Street in the heart of Forfar town centre, the building benefits from a prominent and convenient location close to a variety of shops, cafés, restaurants and essential services. The area is well served by local bus routes, providing connections to Dundee and surrounding Angus towns, while the nearby A90 offers convenient road links to Dundee and Aberdeen. With supermarkets, public amenities and leisure facilities within easy reach, this central location offers excellent convenience for residents, businesses and visitors alike.
Document Downloads
Pricing Information & Bidding
Opening Bid: £164,000
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
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 54-72East High Street, Forfar