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Description

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

Investment Opportunity. Original Factory Shop Investment located on the High street of the affluent Dingwall. Previous Rent: £24,500p.a . Attractive Yield. Was sold for £625,000.

RENT WAS PREVIOUSLY £47,000 and has was reduced to £24,500 with the lease ending September 2023. Sure to appeal to Investors looking for an attractive investment in sought after area.

LARGE PREMISES: Ground: 415.59sqm (4,473sq ft) 1st: 344.51sqm (3,708sq ft) Total: 760.1sqm ( 8,181sq ft)

***VAT FREE PROPERTY NO VAT APPICABLE*** Property benefits from great passing trade on the high street along with double Frontage display windows. Excellent size property.

Market rent £35-37,000 pa, so rent likely to increase significantly with new tenant. Neighbouring occupiers include The Edinburgh Wooden Mill, Sweet Treats, MP Constituency Office and The Red Cross.

Investment Opportunity. Original Factory Shop Investment located on the High street of the affluent Dingwall. LARGE PREMISES: Ground: 415.59sqm (4,473sq ft) 1st: 344.51sqm (3,708sq ft) Total: 760.1sqm ( 8,181sq ft) Market rent £35-37,000 pa, so rent likely to increase significantly at rent review in couple of years. ***VAT FREE PROPERTY NO VAT APPICABLE*** The property comprises a substantial 2 storey commercial development of steel framed construction rendered in brick surmounted by a flat roof overlaid in felt. The property benefits from twin display windows flanking the dual double door entrance, all of aluminium framed and glazed construction. Internally the property has been fitted out to a high standard by the tenant, and in accordance with their corporate specifications. Lighting is provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. Floors have been overlaid in laminated timber and carpet throughout. To the rear of the development, partitions have been erected to form large storage area, office and w.c facilities. The first floor offers further staff facilities, storage and secondary sales area. Property benefits from great passing trade on the high street along with double Frontage display windows. Excellent size property. Sure to appeal to Investors looking for an attractive investment in sought after area.

The property is situated on the north side of High Street at its junction with Wardens Lane on the main commercial thoroughfare in the town of Dingwall. Dingwall is a town and a royal burgh in the Highland council area of Scotland. It has a population of 5,491. It was an east-coast harbour that now lies inland. Neighbouring occupiers include The Edinburgh Wooden Mill, Sweet Treats, MP Constituency Office and The Red Cross.

Full Address: 70-71 High Street, Dingwall, IV15 9RY

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Pricing Information & Bidding

Opening Bid: £149,000

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.

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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 = £175,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

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Auction Details

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

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