£35,000 Opening Bid

14A Bank Street, Balintore, Tain, IV20 1UQ

Request more Information

Tenanted Commercial Property

Interested in this property?

Type

Ownership

Occupation

Bedrooms

Council Tax

Tenancy Agreement
Tenanted Commercial Property

Details

Property Summary


  • 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.



Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Property 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

Request more Information

Property Information Request

Name(Required)
Hidden

Make an Offer

14A Bank Street, Balintore, Tain, IV20 1UQ

"*" indicates required fields

Hidden
Hidden
Name*
Please Provide Your Details*
Accept terms of Sale*
By completing & submitting this form you hereby consent for Prime Property Auctions to bid on your behalf in accordance with our Terms and Conditions of Sale. If your offer is successful we will require payment of the necessary reservation deposit by bank transfer for which details and invoice will be provided upon acceptance by the seller.

Request to Access

We just need to collect some details before we make this file available.

"*" indicates required fields

Hidden
Hidden

Request Access

Once you have submitted your details you will receive a copy of the requested files