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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

2,842sq ft Prime Location on Ground & 1st Floor. Rates Free. Sold with existing tenant paying £6,600 rising to £7,200 oin the 1st Feb 2024 then £7,800 in 2025. Tenante = Teddys Dessert Bars Ltd

The property comprises a prominent corner commercial premises over ground and first floors surmounted by a pitched roof overlaid in slate.

The property benefit from a prominent frontage with dual display windows flanking the partially recessed single door entrance.

Internally an open plan retailing area with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling, with partition erected to the rear.

The upper floor is currently utilised as storage and accessed via a single staircase to the rear of the demise.

Area The property extends to the following floor area; Ground: 86.91sqm (935sq ft) 1st: 177.17sqm (1,907sq ft) Total: 264.08sqm (2,842sq ft) NAV/RV The property has been entered onto the valuation roll with the following NAV/RV £9,900

The property is situated on the south west side of High Street, at its junction with Bridge Street within the town of Wick. Wick is a town in the very north of Scotland, 104 miles (167.4km) north of Inverness with a population of approx. 7,000 people. It is accessible via the A99 or by train from Inverness. There is also a small airport with flights to Edinburgh and Aberdeen. The property is in a good central location on the main retail pitch and surrounding properties include M&Co and Ladbrokes.

Full Address: 53 High Street, Wick, KW1 4NE

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Tenancy Details

Type of Agreement: Basic Lease
Length: Rolling
Rent: £6,600 per year / £550 per month
Yield: 15% (approx)
Tenant: Company
Notes: Tenant paying £6,600 rising to £7,200 oin the 1st Feb 2024 then £7,800 in 2025. Tenante = Teddys Dessert Bars Ltd

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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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Offer Now... 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.

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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 = £54,000

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Auction Details

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

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