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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
Ground Floor Comprising 1,495.6 sq m (16,099 sqft) . Let at £30,000 pa to Pound Strecher. Opportunity to renegotiate lease. PREVIOUSLY SOLD for £1.6 million.
Prominent position adjacent to the High Street and the main Town Centre car park. Occupiers nearby include Boots, Specsavers, Virgin Money, Bank of Scotland and a mix of local occupiers
The property benefits from parking for some 18 cars to the side of the building.
The property is situated a short distance south west of High Street adjacent to the town's main public car park
Wick is a busy town in the North of Scotland situated approximately 20 miles southeast of Thurso
Wick is a busy town in the North of Scotland situated approximately 20 miles southeast of Thurso
The town lies to the north of the A99, a key arterial route to North coast
The town benefits from Scot Rail services at the nearby Wick Station some 0.5 miles to the south west of the property
The property is situated a short distance south west of High Street adjacent to the town's main public car park
Occupiers nearby include Boots, Specsavers, Virgin Money, Bank of Scotland and a mix
of local occupiers
Full Address: Macleay Lane, Wick, Caithness, KW1 4NN
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling
Rent: £30,000 per year / £2,500 per month
Yield: 13% (approx)
Tenant: Company
Notes: Let at £30,000 pa to Pound Strecher. Opportunity to renegotiate lease.
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Pricing Information & Bidding
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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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VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.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 = £269,000
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Auction Details
Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction
View Full Auction Catalogue
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