Vacant Commercial LOT 417

273 High Street, Arbroath, DD11 1EE
BIDDING OPENS in...
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Description

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

***SUPERB COMMERCIAL INVESTMENT OPPORTUNITY*** Retail Unit EXCELLENT POSITION on ARBOATH High Street, Excellent investment opportunity. Realistic Rental income of up-to £7800pa. POTENTIAL HIGH YIELD.

TERRIFIC RENTAL PROPERTY WITH Previous RENTAL of £5,400 per annum. May be suitable for multiple uses Retail/office EXCELLENT LOCATION with highly visible frontage onto busy main street.

SUPER SIZE AND LOCATION in the town centre close to major retailers, close to the popular beach, transport links and within minutes of Arbroath Abbey and Visitor Centre.

*** POTENTIALLY HIGH YIELDING INVESTMENT *** Realistic monthly rental of £650pcm giving an annual income of £7,800 which gives an EXCELLENT YIELD OF APPROX 20% if achieved for opening bid price.

Arbroath on the North East coast just a short distance from Dundee, with many historic attractions and a picturesque harbour. Property next to the beautiful Victoria Park and a short walk to the beach

***SUPERB COMMERCIAL INVESTMENT OPPORTUNITY*** Retail Unit EXCELLENT POSITION on ARBROATH High Street, Excellent investment opportunity, a great trading position. Realistic Rental income of up-to £7800pa. POTENTIAL HIGH YIELD. Located in excellent trading position in the heart of the popular costal town of Arbroath. HIGH DEMAND for property of this type in excellent trading spot. TERRIFIC RENTAL PROPERTY WITH Previous RENTAL of £5,400 per annum. May be suitable for multiple uses Retail/office EXCELLENT LOCATION with highly visible frontage onto busy main street. REALISTIC POTENTIAL RENTAL OF up to £7,800 per annum. SUPER SIZE AND LOCATION in the town centre close to major retailers, close to the popular beach, transport links and within minutes of Arbroath Abbey and Visitor Centre. *** POTENTIALLY HIGH YIELDING INVESTMENT *** Realistic monthly rental of £650pcm giving an annual income of £7,800 which gives an EXCELLENT YIELD OF APPROX 20% if achieved for the guide price. Potential to increase yield

Arbroath on the North East coast just a short distance from Dundee, with many historic attractions and a picturesque harbour. Property next to the beautiful Victoria Park and a short walk to the beach. This property is only 30 minutes drive from Dundee and is only 15 minutes by train. Arbroath offers a diverse range of shops, bars and restaurants, with the famous Arbroath smokies available on the beachfront, which are renowned throughout Scotland. With Aberdeen just over an hour away, tenants are likely to work in the fishing, oil and services industry. For the family there are good primary and secondary schools along with Angus College Further Education Institute. Business people have discovered that Arbroath is ideal for commuting to Dundee providing access to main A90 road north and south. The town has excellent sports and leisure facilities, complemented with many local clubs, golf, tennis, football, rugby and bowls are all available.

Full Address: 273 High Street, Arbroath, DD11 1EE

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Pricing Information & Bidding

Opening Bid: £44,000

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).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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