SALE BY ONLINE AUCTION 1ST OCTOBER 2020 AT 9.00AM. Online Property Auctions Scotland are delighted to offer this commercial investment opportunity in Fraserburgh. Current tenanted retail premises with long-term lease and solid rental return.
9 SALTOUN SQUARE, FRASERBURGH
• Excellent Commercial Investment let on a 6 year lease Lease (February 2019) ***Total Internal Area Circa: 603 sq ft***The property trades as a successful Florists ***Long Term Secure Income: £4,800 per annum***12% Yield based on Guide Price*** The property is presented in fabulous internal condition***All rent Payments are up to date***Premises comprise a ground floor retail unit within a traditional stone tenement building with slate roof.
***Exceptional opportunity to acquire a high yield commercial investment in Fraserburgh. This property has been operating as a florist since 2019 *** ***GREAT TENANT*** ALL RENT UP TO DATE***Prominent & High Footfall Location***The property is let on a 6 Year Lease including break clause in February 2022***The current rent is £4,800 per annum***Internal Area Circa: 603 Sq Ft***Internally Fully Modernised ***Saltoun Square is situated at the northern end of Broad Street at its junction with High Street – two of Fraserburgh’s main retail areas***The area has recently been improved through investment including the opening of the "Saltoun Arms” by JD Wetherspoon***In addition, Aberdeenshire Council have been awarded £5 million of lottery funding to help fund part of the Fraserburgh 2021 Townscape Heritage and Conservation Area Regeneration Scheme with a key focus on other neighbouring buildings. All of which will help to enhance the vitality of this part of the town and increase its appeal to shoppers and traders.***There is a public car park adjacent to the property***
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.