No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
Features and description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 15 February 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 2% of Sale Price (Min £2500 +vat)
The property comprises a mid terraced retail space of steel framed and portal construction surmounted by a mansard style roof. The space offers a prominent dual display window frontage with centrally located double door entrance of aluminium framed and glazed construction. Internally the property is presented in an open plan layout with recessed L.E.D lighting within the suspended acoustic tile ceiling. Partitions have been erected to the rear to form main counter, staff facilities and office space. The first floor is accessed to the rear of the demise via a single staircase providing ancillary storage and workshop space. The property extends to the following internal area; Ground: 110.55sqm (1,190sq ft) 1st: 67.26sqm (724sq ft) Total: 177.81sqm (1,914sq ft) Lease Summary The property is held on full repairing and insuring head lease on the following terms; Tenant: Irvine Healthcare Ltd t/a Irvine Dental Studio Expiry: 7th April 2042 Tenant Break: 8th April 2027 in the event the break option is not exercised the rent will be reduced by 50% for 6 months Passing Rent: £14,000p.a.x. Rent Review: Every 5 years (2027 / 2032 / 2037) at no more than 10% uplift of the previous reviews rent. The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)
Auction Details
15 February 2024, 3pm
Deadline for Offers
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.
Reduced Buyers Fee: 2% of Sale Price (Min £2500 +vat)
The property comprises a mid terraced retail space of steel framed and portal construction surmounted by a mansard style roof. The space offers a prominent dual display window frontage with centrally located double door entrance of aluminium framed and glazed construction. Internally the property is presented in an open plan layout with recessed L.E.D lighting within the suspended acoustic tile ceiling. Partitions have been erected to the rear to form main counter, staff facilities and office space. The first floor is accessed to the rear of the demise via a single staircase providing ancillary storage and workshop space. The property extends to the following internal area; Ground: 110.55sqm (1,190sq ft) 1st: 67.26sqm (724sq ft) Total: 177.81sqm (1,914sq ft) Lease Summary The property is held on full repairing and insuring head lease on the following terms; Tenant: Irvine Healthcare Ltd t/a Irvine Dental Studio Expiry: 7th April 2042 Tenant Break: 8th April 2027 in the event the break option is not exercised the rent will be reduced by 50% for 6 months Passing Rent: £14,000p.a.x. Rent Review: Every 5 years (2027 / 2032 / 2037) at no more than 10% uplift of the previous reviews rent. The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)
Auction Details
15 February 2024, 3pm
Deadline for Offers
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.