Commercial Property
A substantial terraced office building arranged over ground and first floor, extending to approximately 725 Sq M (7,804 Sq Ft), which is currently subdivided into multiple office suites and operated in part as a business centre/serviced office accommodation by the vendor.
The property currently generates a gross rental income of £139,000 per annum (as at 1 November 2025) with approximate utilities and Business Rates outgoings of £33,000 per annum. There is potential to increase the gross rental income to circa £160,000 per annum once vacant suites are let. Interested parties are advised that the rental income figure does fluctuate according to occupancy levels as tenants occupy on a licence basis.
The property could continue to be used as a business centre/serviced office accommodation, with potential Business Rates savings to be made by having office suites individually assessed. Alternatively, it could be let on a more traditional lease basis, or occupied as a headquarters by an owner-occupier.
341.30 Sq M (3,674 Sq Ft)
384 Sq M (4,137 Sq Ft)
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed 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.
