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Lot 338

Guide Price: £399,995 - Bid Now

4 Mill Road BENSON BEDS, Alloa, FK10 1JY


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Key Features:

SUPER SIZED WELL Let Commercial Investment in ALLOA TOWN CENTRE. £72,774 PER ANNUM RENTAL SUPER RETURN. Let to Steinhoff UK Group Properties Limited t/a Bensons for Beds for £72,774 PER ANNUM***


  • Excellent size over GROUND FLOOR. 529.73 sq metres - 5702 square feet. PLENTY CAR PARKING OUTSIDE. Facing NEWLY FITTED ARGOS STORE, Savers next door, ASDA across the road. GREAT SPOT IN TOWN CENTRE. 7 miles east of Stirling, 32 miles north-east of Glasgow, 33 miles north-west of Edinburgh. Super modern fit out.
  • Excellent tenant GRADE A covenant. For the year ending 24th September 2016, Steinhoff UK Group Properties Limited reported a turnover of £96,124,000, pre-tax profits of £8,208,000 and a total net worth of £28,005,000 (Source: Experian Group 08/11/2017).
  • The property is situated in the heart of Alloa town centre on the south side of Mill Road at its junction with Shillinghill, Mill Street and Drysdale Street, forming part of Alloa's main retail pitch. Nearby occupiers include Savers, Argos, Ladbrokes, Santander, Thomson, Poundland and Greggs.
  • Property is currently Let at £72,774pa. Please contact Edinburgh sales offices in order to receive all documentation.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
Rateable Value

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- Click the above link to automatically search the latest records for this post code. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 3 Years Remaining
Rent £72,774 per year / £6,065 per month
Yield 18.2% (at guide price)
Tenant Company
Notes: 15 YEAR LEASE TERM - 15 years from 05/06/2006 on a full repairing and insuring lease TO JUNE 2021

Enhanced Buying Terms:


Lower Deposit 5%
- Standard Deposit is 10% of the sale price.
Longer Completion 6 Weeks
- Standard completion is 4 weeks from the auction date.



Further Details:

SUPER SIZED WELL Let Commercial Investment in ALLOA TOWN CENTRE. £72,774 PER ANNUM RENTAL SUPER RETURN. Let to Steinhoff UK Group Properties Limited t/a Bensons for Beds for £72,774 PER ANNUM*** Excellent size over GROUND FLOOR. 529.73 sq metres - 5702 square feet. PLENTY CAR PARKING OUTSIDE. Facing NEWLY FITTED ARGOS STORE, Savers next door, ASDA across the road. GREAT SPOT IN TOWN CENTRE. 7 miles east of Stirling, 32 miles north-east of Glasgow, 33 miles north-west of Edinburgh. Super modern fit out. Excellent tenant GRADE A covenant. For the year ending 24th September 2016, Steinhoff UK Group Properties Limited reported a turnover of £96,124,000, pre-tax profits of £8,208,000 and a total net worth of £28,005,000 (Source: Experian Group 08/11/2017). Property is currently Let at £72,774pa. Please contact Edinburgh sales offices in order to receive all documentation.

Guide Price: £399,995 - Bid Now


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 at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained...

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.

Map & Location:


The property is situated in the heart of Alloa town centre on the south side of Mill Road at its junction with Shillinghill, Mill Street and Drysdale Street, forming part of Alloa's main retail pitch. Nearby occupiers include Savers, Argos, Ladbrokes, Santander, Thomson, Poundland and Greggs. Great spot with ARGOS SAVERS and ASDA all close by. Alloa provides shopping in addition to all major supermarkets, recreational facilities and train station. Stirling (7 miles) provides additional shopping facilities with the Thistle and Marches Centres. The M80 and M9 motorways ideal for commuting to Glasgow and Edinburgh by rail (Stirling/ Alloa Station).

Viewings:


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    05 December 2018


  • Start Time...

    7.00pm


  • Auction Location...

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


Directions...

Glasgow Radisson | Edinburgh Marriott


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form