No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
Features and description
- Immediate income stream
- Fantastic investment opportunity
- Lease in place until November 2031
FOR SALE BY ONLINE AUCTION THURSDAY 25TH MAY 2023 AT 9.00AM Incredible, high yielding, turnkey, investment opportunity set within a landmark building in prominent location. Offering an excellent return on investment.
Online Property Auctions Scotland are delighted to present this outstanding investment opportunity in Perth. This tenanted commercial investment opportunity is currently leased and operating as Optical Express, with the lease in place until November 2031. The property is cicra 130.06m sq (1,400)sq ft.
The tenant is currently paying half rent until 22/08/2024, after which the rent will rise to £16,000 pax. The Seller will pay the buyer the total rent that would have been due from completion of the sale until 22/08/2024. The rental income for this property will be £16,000 per annum, delivering an impressive yield of 11.8% at guide price. Please note, VAT is applicable to this lot.
Likely to attract a high volume of interest from investors, this tenanted property would make an excellent addition to an investors portfolio. This is a rare opportunity that is seldom brought from to auction.
The property comprises a ground floor shop, forming part of a larger building known as Highland House. The property is currently let to tenant trading as Optical Express, with the lease expiring in November 2031. Located opposite St Catherine's Retail & Leisure Park where retailers include TK Maxx, The Food Warehouse by Iceland, Costa Coffee, Halfords, Home Bargains, Tim Hortons and KFC.
Immediate income stream
Rental income of £16,000 per annum
Attractive yield of 11.8% based on current guide price
Landmark building in prominent location
Outstanding investment opportunity
Perth is located in the heart of Scotland being 43 miles north of Edinburgh and 63 miles north-east of Glasgow, and boasts excellent communication links via the A9, A85 and A90. The property is located just off the busy thoroughfare of Dunkeld Road and is opposite St Catherine's Retail & Leisure Park where retailers include TK Maxx, The Food Warehouse by Iceland, Costa Coffee, Halfords, Home Bargains, Tim Hortons and KFC.
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.
Online Property Auctions Scotland are delighted to present this outstanding investment opportunity in Perth. This tenanted commercial investment opportunity is currently leased and operating as Optical Express, with the lease in place until November 2031. The property is cicra 130.06m sq (1,400)sq ft.
The tenant is currently paying half rent until 22/08/2024, after which the rent will rise to £16,000 pax. The Seller will pay the buyer the total rent that would have been due from completion of the sale until 22/08/2024. The rental income for this property will be £16,000 per annum, delivering an impressive yield of 11.8% at guide price. Please note, VAT is applicable to this lot.
Likely to attract a high volume of interest from investors, this tenanted property would make an excellent addition to an investors portfolio. This is a rare opportunity that is seldom brought from to auction.
The property comprises a ground floor shop, forming part of a larger building known as Highland House. The property is currently let to tenant trading as Optical Express, with the lease expiring in November 2031. Located opposite St Catherine's Retail & Leisure Park where retailers include TK Maxx, The Food Warehouse by Iceland, Costa Coffee, Halfords, Home Bargains, Tim Hortons and KFC.
Immediate income stream
Rental income of £16,000 per annum
Attractive yield of 11.8% based on current guide price
Landmark building in prominent location
Outstanding investment opportunity
Perth is located in the heart of Scotland being 43 miles north of Edinburgh and 63 miles north-east of Glasgow, and boasts excellent communication links via the A9, A85 and A90. The property is located just off the busy thoroughfare of Dunkeld Road and is opposite St Catherine's Retail & Leisure Park where retailers include TK Maxx, The Food Warehouse by Iceland, Costa Coffee, Halfords, Home Bargains, Tim Hortons and KFC.
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.