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Description

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

INCOME PRODUCING INVESTMENT** FULL BUILDING 3,433sq ft. Ground floor tenant FRIL producing £16,000 per annum Expiry 2033 with upper floors vacant.

Ground Floor - Tenant: Cash Access UK Limited (t/a Banking Hub) Full Repairing and Insuring lease Term: 10 years from 24th July 2023, expiring 23rd July 2033. Passing Rent: £16,000 per annum.

The property has been calculated to extend to the following area; Ground 218.97sqm (2,357sq ft) First 99.96sqm (1,076sq ft) Total 318.94sqm (3,433sq ft)

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION ***

Surrounding properties are of a mixed nature including office, retail and residential, with national retailers including Farmfoods, Tesco (Express) located toward the northern end of Clerk Street.

INCOME PRODUCING INVESTMENT** FULL BUILDING 3,433sq ft. Ground floor tenant FRIL producing £16,000 per annum Expiry 2033 with upper floors vacant. Ground Floor - Tenant: Cash Access UK Limited (t/a Banking Hub) Full Repairing and Insuring lease Term: 10 years from 24th July 2023, expiring 23rd July 2033. Passing Rent: £16,000 per annum. The property has been calculated to extend to the following area; Ground 218.97sqm (2,357sq ft) First 99.96sqm (1,076sq ft) Total 318.94sqm (3,433sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Surrounding properties are of a mixed nature including office, retail and residential, with national retailers including Farmfoods, Tesco (Express) located toward the northern end of Clerk Street.

The subjects are well located on the western side Clerk Street, not far from the junction with Swan Street. The Cathedral City of Brechin is located on the banks of the river South Esk on the northern border in the region of Angus. With a resident population of approximately 8,000 people, the town benefits from the close proximity to the A90 which provides transport links to Aberdeen (40 miles north- east) and Dundee (25 miles south-west). Surrounding properties are of a mixed nature including office, retail and residential, with national retailers including Farmfoods, Tesco (Express) located toward the northern end of Clerk Street.

Full Address: 5 Clerk Street, Banking Hub Investment, Brechin, DD9 6AD

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 8 Years
Rent: £16,000 per year / £1,333 per month
Yield: 11% (approx)
Tenant: Company
Notes: Ground Floor - Tenant: Cash Access UK Limited (t/a Banking Hub) Full Repairing and Insuring lease Term: 10 years from 24th July 2023, expiring 23rd July 2033. Passing Rent: £16,000 per annum. There is a tenant only break in July 2028. The tenant benefits from an extended rent-free period until July 2026.

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Pricing Information & Bidding

Opening Bid: £145,000

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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: 21 August 2025, 10am-3pm
Type: Timed Online Auction

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