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Description

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

INCOME PRODUCING INVESTMENT***Prominent town centre location Approx. 1,849 sq ft Let on a FRI lease producing £21,000 per annum. ***VAT FREE PURCHASE***

Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £21,000p.a.x. MARKET RENT £28-30,000 Pa. Good growth expected at 2027 rent review. Tenant been in occupation for over 16 years.

Ground: 61.78sqm (665sq ft) Basement: 64sqm (689sq ft) 1st Floor: 45.98sqm (495sq ft) Total: 171.76sqm (1,849sq ft)

*** HIGH YIELDING INVESTMENT *** monthly rental of £1,750pcm giving an annual income of £21,000 which gives an EXCELLENT YIELD OF APPROX 10.7% if achieved for opening bid price.

PERFECT LOCATION The street offers convenient access to cafés, bakeries, takeaways, and pubs just off the high street.

INCOME PRODUCING INVESTMENT***Prominent town centre location Approx. 1,849 sq ft Let on a FRI lease producing £21,000 per annum. ***VAT FREE PURCHASE*** Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £21,000p.a.x. MARKET RENT £28-30,000 Pa. Good growth expected at 2027 rent review. Tenant been in occupation for over 16 years. Ground: 61.78sqm (665sq ft) Basement: 64sqm (689sq ft) 1st Floor: 45.98sqm (495sq ft) Total: 171.76sqm (1,849sq ft) The units is situated within a prominent location in the town centre. There are rent reviews options contained within the occupational leases which provide the potential to increase the current passing rentals. Further information is available on request. *** HIGH YIELDING INVESTMENT *** monthly rental of £1,750pcm giving an annual income of £21,000 which gives an EXCELLENT YIELD OF APPROX 10.7% if achieved for opening bid price. PERFECT LOCATION The street offers convenient access to cafés, bakeries, takeaways, and pubs just off the high street.

Marischal Street is perfect if you value town-centre convenience, walkable living, and historical character, with shops and services at your doorstep. Pedestrianised high street of Peterhead, lined with national chains like Iceland, Boots, and Specsavers, as well as local independents—bank, hair salons, charity shops, and cafés in historic granite buildings . Peterhead offers a distinctive combination of coastal heritage, affordable living, and community pride. It's ideal if you enjoy seafront living, local maritime culture, and quieter urban life—while remaining connected via bus services.

Full Address: 15 Marischal Street, Tenanted Optician Investment, Peterhead, AB42 1BS

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £21,000 per year / £1,750 per month
Yield: 11% (approx)
Tenant: Company
Notes: Tenant: Duncan & Todd Expiry: 03/07/2032 Passing Rent: £21,000p.a.x.

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Pricing Information & Bidding

Opening Bid: £185,000

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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