Mixed Use
The site comprising of shop with six flats are located at the junction of St Johns Square and Queen Street is ideally situated for retail trade or with the area having numerous bars and restaurants could also be possible to convert for the hospitality industry.
A three storey building comprises of a retail space with office and cloakroom on the ground floor extending to approximately 1500 sq.ft and a cellar extending to approximately 750sq.ft.
Directly above the shop there is a one bedroom manager's flat which has its own separate access, with the other five flats that are accessed by side entrance also being located above the ground floor unit.
While the property is currently vacant, we expect that the retail premise could rent out for £8000 pa and each flat could achieve £4800 pa. Making a total potential income of £36,800 pa.
Shop being to the front of the property and extending to the rear of the neighbouring pharmacy, with office, cloakroom, store and two cellars.
The accommodation comprises:
Open plan Lounge Kitchen 22’4 x 14’11
Bedroom 14’11 x 9’7
Shower Room 8’10 x 2’11
Open plan Lounge Kitchen 18’4 x 13’3
Bedroom 14’5 x 10’2
Bathroom 6’1 x 5’9
Open plan Lounge Kitchen 17’11x 15’11
Bedroom 12’8 x 9’2
Bathroom 14’10 x 8’9
Open plan Lounge Kitchen 16’3 x 10’6
Bedroom 13’11 x 8’7
Bathroom 6’2 x 5’6
Open plan Lounge Kitchen 18’10 x 13’6
Bedroom 13’8 x 9’8
Bathroom 6’9 x 6’5
Open plan Lounge Kitchen 20’2 x 13’0
Bedroom 16’0 x 11’1
Bathroom 5’9 x 5’0
Vacant.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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