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Description

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

INCOME PRODUCING INVESTMENT***Prominent town centre location Let on a FRI lease producing £11,500 per annum. ***VAT FREE PURCHASE***Market rental £14-15,000 Pa good growth expected at 2027 rent review

The property is held on an F.R.I Lease to Duncan & Todd Ltd expiring 19th March 2033 with a passing annual rent of £11,500 per annum. We understand there are no provisions for tenant break options.

Ground: 76.18sqm (820sq ft) Internally the property offers on open plan retailing space with partitions erected to form private consultation room and WC facility to the rear.

The property comprises ground floor commercial unit set with a larger development of traditional sandstone construction surmounted by a pitched roof.

The High Street and the surrounding area provide an eclectic mix of uses and both national and local/independent occupiers. Notable occupiers in the immediate vicinity include Boots, Fat Face and RBS.

INCOME PRODUCING INVESTMENT***Prominent town centre location Let on a FRI lease producing £11,500 per annum. ***VAT FREE PURCHASE***Market rental £14-15,000 Pa good growth expected at 2027 rent review The property is held on an F.R.I Lease to Duncan & Todd Ltd expiring 19th March 2033 with a passing annual rent of £11,500 per annum. We understand there are no provisions for tenant break options. Ground: 76.18sqm (820sq ft) Internally the property offers on open plan retailing space with partitions erected to form private consultation room and WC facility to the rear. The property comprises ground floor commercial unit set with a larger development of traditional sandstone construction surmounted by a pitched roof. The High Street and the surrounding area provide an eclectic mix of uses and both national and local/independent occupiers. Notable occupiers in the immediate vicinity include Boots, Fat Face and RBS.

Northgate offers a charming, convenient and historic lifestyle—perfect for those who appreciate central, stone-built homes with local amenities just steps away. Peebles is an attractive market town situated in an area of outstanding beauty on the banks of the River Tweed and Eddleston Water 23 miles south of Edinburgh. The town is the third largest in the Scottish Borders with a population in excess of 8,000 people and a wide surrounding rural carenment area. It is popular for its accessibility and proximity to Edinburgh and also as a year round tourist destination for its picturesque and unspoilt character Peebles has a long history dating back to the 12th Century when the town was awarded its status of Royal Burgh. The Old Town and The New Town including the High Street with its rich assortment of commercial properties and churches.

Full Address: 43 Northgate, Tenanted Optician Investment, Peebles, EH45 8BU

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 8 Years
Rent: £11,500 per year / £958 per month
Yield: 11% (approx)
Tenant: Company
Notes: F.R.I Lease to Duncan & Todd Ltd expiring 19th March 2033 with a passing annual rent of £11,500 per annum. We understand there are no provisions for tenant break options.

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Pricing Information & Bidding

Opening Bid: £109,000

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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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 £2,750 for on time settlement

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Auction Details

Date & Time: 19 June 2025, 10am-3pm
Type: Timed Online Auction

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