Vacant Commercial LOT 119

40-44 High Street, Brechin, DD9 6EY
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Guide Price
£67,000


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09 May 2024, 3pm

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Description

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

**FANTASTIC COMMERCIAL INVESTMENT IN SCENIC 'CATHEDRAL' CITY OF BRECHIN** in rural Angus. comprises of 2 Commercial premises together with an upstairs former flat. *REALISTIC RENT OF £10000 PER ANNUM*

PROPERTY CONSISTS: Ground Floor with two offices and toilet, 2nd property consists of ground floor area & upstairs area with side room. Currently run as a flooring business and 2nd shop is storage .

***FANTASTIC DEVELOPMENT POTENTIAL*** 2nd property could be suitable for conversion back to a flat a mix of commercial residential possible. (subject to investigating and gaining necessary planning)

Property could be suitable for mixed use retail / coffee shop / beauty / hair dressers and or barbers. REALISTIC RENTAL potential of commercial unit - £10,000 PER ANNUM. Excellent HIGH STREET location

PRIME DEVELOPMENT OPPORTUNITY. Potential to convert to residential (subject to gaining necessary consents). Realistic Rental of £10000PA would give & EXCELLENT YIELD OF OVER 11% if achieved for guide

**FANTASTIC COMMERCIAL INVESTMENT IN SCENIC 'CATHEDRAL' CITY OF BRECHIN** in rural Angus. comprises of 2 Commercial premises together with an upstairs former flat. *REALISTIC RENT OF £10000 PER ANNUM* *DEVELOPMENT OPPORTUNITY* PROPERTY CONSISTS: Ground Floor with two offices and toilet, 2nd property consists of ground floor area & upstairs area with side room. Currently run as a flooring business and second shop is storage ***FANTASTIC DEVELOPMENT POTENTIAL*** 2nd property could be suitable for conversion back to a flat a mix of commercial residential possible. (subject to investigating and gaining necessary planning) Property could be suitable for mixed use retail / coffee shop / beauty / hair dressers and or barbers. REALISTIC RENTAL potential of commercial unit - £10,000 PER ANNUM. Excellent HIGH STREET location PRIME DEVELOPMENT OPPORTUNITY. Potential to convert to residential (subject to gaining necessary consents). Realistic Rental of £10000PA would give & EXCELLENT YIELD OF OVER 11% if achieved for guide

Brechin is an historic market town, with city status due to it's Cathedral. The town is located in north-east Scotland and lies some 20 miles north-east from Dundee and 40 miles south-west from Aberdeen; the A90 Brechin by-pass allows for ease of commuting to these destinations. There are good local shopping, social and educational facilities within the town with additional services available in Forfar approximately 10 miles south.

Full Address: 40-44 High Street, Brechin, DD9 6EY

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Pricing Information & Bidding

Guide Price: £67,000


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 prior to the auction.

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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: 09 May 2024, 3pm
Type: Deadline for Offers

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