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Plans
7 South Strand St, Ready Let Investment Stranraer
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Description
PRIME INVESTMENT*** Let TOWN CENTRE property. FULL BUILDING 170.68 sqm (1,837 sq ft) over ground and first floor. EXCELLENT TRADING POSITION Let at £10,000 per annum rising to £15,000 5 Year FRI Lease
Compromises: Ground Floor: open plan retail area First Floor: Staff tea prep area, Office/storage space and WC facilities. The property benefits from loading bay and car park to the rear.
The property ha been calculated to extend to the following net internal areas - Ground: 121.07 sqm (1,303 sq ft) 1st Floor: 49.58 sqm (534 sq ft) Total: 170.68 sqm (1,837 sq ft
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Ready let property with instant income.
IDEAL LOCATION set in a prominent position in the town centre with neighboring occupiers including WH Smith, Santander, Subway, Superdrug and many more.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 5 Years
Rent: £10,000 per year / £833 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: Tenant = Bolton Phones Ltd. Rent Rising to £13,000 pa in year 3 of lease then £15,000 pa in year 5 of lease.
Maps & Location
Map Street View SatelliteSouth Strand Street is in Stranraer Town Centre, right off the main retail and pedestrian heart of the town. It sits adjacent to George Street, which is the primary retail thoroughfare in Stranraer. The area is a mix of shops, small businesses, services, and civic buildings. The street runs close to key local landmarks and public spaces and forms part of a conservation area with a mix of historic and modern buildings. Stranraer’s railway station is nearby offering local and regional connections.
Document Downloads
Pricing Information & Bidding
Opening Bid: £64,000
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). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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 = 1% 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.
Calculate Deposit & Fee
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 - 7South Strand St, Ready Let Investment, Stranraer