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Lot 1b

Guide Price: £322,500 - Bid Now

40 John Street, Penicuik, EH26 8AB


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Key Features:

PRIME PENICUILK INVESTMENT Super sized unit 8,622 square feet over ground and 1st floor (Ground - 5016 sq feet 1st Floor - 3606 sq feet)PREVIOUSLY LET AT £55,000 PER ANNUM.


  • CLOSE TO LLYODS PHARMACY, RBS, Dominos and Oxfam. Super sized property could easily be split into 2 units both with rear servicing access. Was sublet to M + CO and recently Store 21. Possibilities to
  • Previous RENTAL - £55,000 P.A. Super rear servicing. The tenant Rochpion Properties LLP’s ultimate holding company is Co-operative Group Limited. For the year ending 31st December 2016, Rochpion Properties LLP reported pre-tax profits of £6.86 million and a total net worth of £83.71 million (Experian Group 19/02/2018).
  • Super spot only 10 miles south of Edinburgh City Centre. 50 miles east of Glasgow. Convenient location and established parade of shops.
  • ***EXCELLENT INVESTMENT OPPORTUNITY. Previous Rental of £55,000.


Ownership

Freehold

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

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

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- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.


Full Details:

PRIME COMMERCIAL INVESTMENT with potential to be split easily to multiple units. PRIME PENICUILK INVESTMENT Super sized unit 8,622 square feet over ground and 1st floor (Ground - 5016 sq feet 1st Floor - 3606 sq feet) PREVIOUSLY LET AT £55,000 PER ANNUM ultimately to Co-Operative Group Limited 25 Year FRI Lease from 11/2/1994 expired Feb 2019. CLOSE TO LLYODS PHARMACY, RBS, Dominos and Oxfam. Super sized property could easily be split into 2 units both with rear servicing access. Was sublet to M + CO and recently Store 21. Offers opportunity to have an excellent return and thereafter re-let or split to multiple units and generate an excellent rental return. Previous RENTAL - £55,000 P.A. Super rear servicing. Super spot only 10 miles south of Edinburgh City Centre. 50 miles east of Glasgow. Convenient location and established parade of shops. IDEAL INVESTMENT PROPERTY WITH VARIOUS POTENTIAL USES LONG TERM.

Guide Price: £322,500 - 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. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

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:


SUPER SPOT near RBS and Dominos. Penicuik is an established market town with a population of over 25,000 people. The property is located on the western side of the pedestrianised section of John Street, in the heart of Penicuik town centre. National operators represented within the town include Lidl, Greggs, Farmfoods, B&M Bargains and The Original Factory Shop. 10 miles south of Edinburgh City Centre. 50 miles east of Glasgow.

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...

    19 March 2019


  • Start Time...

    7.00pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


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