No longer on the market
This property is no longer on the market
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Features and description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Vacant
- AUCTION DATE: 25 January 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Lower Deposit: 5% of Sale Price.
Reduced Buyers Fee: 2% of Sale Price (Min £2000 +vat)
* PRIME COMMERCIAL INVESTMENT OPPORTUNITY * Retail unit in the village of Letham, Forfar in Angus. Prime central position with lots of passing footfall. * REDUCED FOR QUICK AUCTION SALE * Comprises Ground floor retail unit located in extremely strong trading position in popular commercial spot. DUAL FRONTAGE - PROMINENT POSITION IN EXTEREMLY POPULAR CENTRAL LOCATION. Comprises of a ground floor retail unit contained within a larger 2 storey building of traditional stone construction. The property benefits from an attractive double fronted glazed display window's. Access to the property is directly from the village square via a recessed pedestrian door. Internally the property is mainly open plan in its nature with storage areas and WC facilities to the rear. The subjects may suit a variety of uses, subject to gaining the appropriate planning permissions. LOCAL SALES EVIDENCE: - 12b, The Square, Letham, £115,500 April 2022; 7, The Square, Letham £225,000 1 Jul 2021; 1, The Square, Letham, £122,000 Nov 2017; East Blairs Road, Letham, £380,000 May 2018. PERFECT INVESTMENT PROPERTY Ground Floor Retail/Commercial Unit. Excellent Display Frontage. Extends to 117.66 Sq m (1,266 Sq ft) SUPER SIZE AND LOCATION. The subjects are entered in the Valuation Roll with a Net and Rateable Value of £3,800. The unified business rate for the year 2019/20 is 49p exclusive of water and sewerage rates. Any ingoing tenant may qualify for 100% rates relief however may satisfy themselves in this regard. May suit a variety of uses (subject to consents) Realistic rent once let of up to £850pcm giving an annual income of £10200 providing an excellent possible yield of 13% if achieved for the guide price.
Auction Details
25 January 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Lower Deposit: 5% of Sale Price.
Reduced Buyers Fee: 2% of Sale Price (Min £2000 +vat)
* PRIME COMMERCIAL INVESTMENT OPPORTUNITY * Retail unit in the village of Letham, Forfar in Angus. Prime central position with lots of passing footfall. * REDUCED FOR QUICK AUCTION SALE * Comprises Ground floor retail unit located in extremely strong trading position in popular commercial spot. DUAL FRONTAGE - PROMINENT POSITION IN EXTEREMLY POPULAR CENTRAL LOCATION. Comprises of a ground floor retail unit contained within a larger 2 storey building of traditional stone construction. The property benefits from an attractive double fronted glazed display window's. Access to the property is directly from the village square via a recessed pedestrian door. Internally the property is mainly open plan in its nature with storage areas and WC facilities to the rear. The subjects may suit a variety of uses, subject to gaining the appropriate planning permissions. LOCAL SALES EVIDENCE: - 12b, The Square, Letham, £115,500 April 2022; 7, The Square, Letham £225,000 1 Jul 2021; 1, The Square, Letham, £122,000 Nov 2017; East Blairs Road, Letham, £380,000 May 2018. PERFECT INVESTMENT PROPERTY Ground Floor Retail/Commercial Unit. Excellent Display Frontage. Extends to 117.66 Sq m (1,266 Sq ft) SUPER SIZE AND LOCATION. The subjects are entered in the Valuation Roll with a Net and Rateable Value of £3,800. The unified business rate for the year 2019/20 is 49p exclusive of water and sewerage rates. Any ingoing tenant may qualify for 100% rates relief however may satisfy themselves in this regard. May suit a variety of uses (subject to consents) Realistic rent once let of up to £850pcm giving an annual income of £10200 providing an excellent possible yield of 13% if achieved for the guide price.
Auction Details
25 January 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
About this agent
We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.