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Description

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

8,626 sq ft Modern Retail Unit let to Anglo Global Properties One Limited t-a Peacocks at £50,000 pa. Fantastic long term investment opportunity.

Peacocks occupied since 2018. FRI terms with SoC. Assignation 2021 to Peacocks newco following 2020 insolvency and sale of brand and assets.

Aberdeen is located 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east. The A90 is close-by and the town is served by a mainline Abellio ScotRail train station.

*IMMEDIATE INCOME PRODUCING LONG TERM INVESTMENT*

Super size and location. Modern retail investment with great parking and excellent central location.

Montrose is located half way between Aberdeen and Dundee and is located on the beautiful east coast shoreline. It has a major station on the east coast rail line, situated a 5 minute walk from the property, offering direct rail links to Aberdeen or Dundee city centres within 40 minutes, Edinburgh or Glasgow within 2 hours and even direct services to and from London, making it an ideal commuting location or that perfect weekend retreat.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 19/09/2028
Rent: £50,000 per year / £4,167 per month
Yield: 12% (approx)
Tenant: Company
Notes: Peacocks occupied since 2018. FRI terms with SoC. Assignation 2021 to Peacocks newco following 2020 insolvency and sale of brand and assets. 4 months rent free from 26-04-2021. Further 2 months rent free if 2023 tenant break not exercised.

Maps & Location

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The town contains all major amenities, including large supermarkets as well as traditional award winning butchers, fishmongers and bakeries. It also contains two links golf courses, a local sailing club, rugby club, football team, tennis courts as well as a recently constructed gym and swimming pool. A 10 minute walk from the property will take you onto the 3 miles of continuous golden sand that is Montrose beach as well as beautiful walks around the Montrose Basin – a bird spotters paradise. The local area has numerous forest walks and a short drive will take you into the spectacular glens and mountains of the cairngorms. In addition it is a great music venue, holding an annual festival which has welcomed acts including Status Quo, Madness, the Beach Boys, Brian Adams, Jools Holland, to name but a few.

Document Downloads

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Pricing Information & Bidding

Opening Bid: £426,000

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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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)

  • Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.

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    STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.

    * If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

General Terms & Conditions of Sale
Lot Specific Terms - 73-75High Street, Peacocks, Montrose






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