Commercial Property
A substantial town centre investment, asset management and redevelopment opportunity. The property comprises a modern, purpose built parade of shops with former nightclub to the upper floors, constructed in 1997, extending to approximately 1,800 Sq M (19,375 Sq Ft) GIA in total. The ground floor comprises 5no. retail units, four of which are tenanted, and producing a combined income of £45,600 per annum. The vacant retail unit is fully fitted out as a chip shop and one of the ground floor entrances to the former nightclub could be converted into an additional retail unit. There are storage and loading bay areas to the rear. The upper floors comprise a vacant former nightclub and may be suitable for conversion/redevelopment to residential use, subject to obtaining the necessary consents
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
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.
