14A Bank Street, Balintore, Tain, IV20 1UQ
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Key features
- Prime Property Auctions New Entry. Immediate Cash flowing, Tenanted commercial premises available for immediate purchase. Current Yield 11.25%
- Property is currently tenanted at £6,750 per annum. Fantastic investment opportunity.
- The shop extends to an approximate floor area of 177 m² (1,905 ft²) all at ground floor level
- The property currently benefits from Class 1 (Shops) Consent. Other uses such as office, café/restaurant, workshop or residential may be suitable, subject to securing planning consent.
- The property is located in Balintore in Eater Ross approximately 7 miles to the south east of Tain
Description
- Prime Property Auctions New Entry. Immediate Cash flowing, Tenanted commercial premises available for immediate purchase. Current Yield 11.25%
- Property is currently tenanted at £6,750 per annum. Fantastic investment opportunity.
- The shop extends to an approximate floor area of 177 m² (1,905 ft²) all at ground floor level
- The property currently benefits from Class 1 (Shops) Consent. Other uses such as office, café/restaurant, workshop or residential may be suitable, subject to securing planning consent.
- The property is located in Balintore in Eater Ross approximately 7 miles to the south east of Tain
Prime Property Auctions New Entry. Immediate Cash flowing, Tenanted commercial premises available for immediate purchase.
Property is currently tenanted at £6,750 per annum. Fantastic investment opportunity.
The subjects comprise a single storey retail unit which is broadly L-shaped. The main walls are of single leaf masonry construction and have a painted roughcast finish externally. The roof over the main building is of a low-pitched design with profile metal sheeting. The adjoining store area has a pitched roof and is also finished with profile sheeting. A large display window is fitted to the frontage of the shop along with a pedestrian door leading into the main sales area.
Internally the accommodation provides an open plan sales area, storage, an office and staff tea prep and toilet facilities.
The rateable value is £5,500 which qualifies for 100% rates relief.
Property extends to approximately 1,905 Sq Ft.
Property is offered at a Guide price of £35,000. The property is currently tenanted at £6,750 per annum. Lease details can be downloaded from the website.: Details are as follows:
- Lease dated 3/11/20 - 2/11/2023
- Rent Per annum £6,750
- £2000 deposit
Property currently provides an excellent gross rental yield of 19% if achieved for Guide price of £35,000.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
The property is located in Balintore in Eater. Balintore is one of the three Seaboard villages of Shandwick, Balintore and Hilton which boast a rugged coastline and excellent coastal walks. Hilton and Shandwick both have sandy beaches only really used by locals. The villages have a primary school, Post Office, hotel and an award winning beach. There is a thriving community centre where numerous activities take place. Tain is approx 7 miles away where all major facilities can be found. Inverness, Dingwall and Alness are within commuting distance.
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14A Bank Street, Balintore, Tain, IV20 1UQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Fearn Station3.4 miles
About the agent
Prime Property Auctions (Scotland) Ltd, Glasgow
126 West Regent Street, Glasgow, G2 2RQ
Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.
Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great
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Visit our security centre to find out moreDisclaimer - Property reference 190993933. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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