SALE BY ONLINE AUCTION THURSDAY 21ST OCTOBER 2021 AT 9.00AM
· *** Incredible Asset Management / Investment Opportunity*** Well sized Industrial Unit within established Industrial Estate in central Golspie*** This property is circa 1160 sq ft** Current Rent: £2700 per annum*** Potential Market Rent: £7540 *** Established Commercial Location*** Low Guide Price*** 55% Discount to Potential Value***
· *** Currently Let on the remnants of historic lease**Tenanted Since 2015*** Full tenancy details in Legal pack** Possible Value in excess of £93,000*** Popular & Sought after coastal town: located on the busy A9 trunk road which links Inverness with Thurso ***
***Site 14 in Golspie Industrial Estate sold in our 23rd June auction for £9,500 - https://blog.opascotland.com/?p=75 ***
· ***Residential sales in Golspie*** Tigh Na Grain, Main St, Golspie Sold £110k (Jan 21)** Rostellan, Main St, Golspie Sold £360k (Oct 20)** Nexden, Back Rd Golspie Sold £240k (Oct 20)** Rosedene, Main St Golspie Sold £100k (March 20)*** SOUGHT AFTER TOWN
· *** Good sized property*** Circa 1160 Sq Ft*** Great Location in Desirable Town*** Golspie is located Iconic north route 500 driving route with attractions like castles, historic ruins & white-sand beaches
· Great Value industrial unit*** Potential Value £93,000 (details of potential values and rental figures in main description)*** Unique and seldom available property likely to attract substantial interest from professional property investors and owner occupiers alike***
*** Unique auction property*** Incredible Asset Management / Investment Opportunity*** Well sized industrial unit: 1160 sq ft in popular location*** This property is currently let on the remnants of a historic lease since 2015 at £2700 per annum + vat*** MARKET COMPARABLE: Unit 11, Golspie Industrial Estate is currently for sale. This property is: 2923 sq ft, let to a dentist at £19k per annum (6.50 per square foot) Price is £230,000 which is an 8.09% yield) *** Using this as an example, this Industrial Unit could rent for £7540 per annum and would have a capital value of £93,000*** An incredible asset management opportunity with the potential to make lucrative returns*** This property requires active, hands on asset management to potentially achieve such lucrative returns***Fantastic property and Excellent long term investment possibilities*** Potential for massive rental returns***The sale of this property is subject to Vat at the prevailing rent. However, as the unit is rented any sale can potentially be treated as a TOGC. Separate advice should be sought***This industrial estate is in a prominent position near to the A9 main Trunk road in Northern Scotland Golspie has all the local amenities that you would need:- doctors, dentist, hospital, Primary School, High School, fish merchants, butchers and of course a very community spirited village. Situated on the NC 500 route and A9 and only 15 mins drive to The Royal Dornoch Golf Course, Golspie has excellent public transport links and is only a 1hr drive from the City of Inverness with a further 15 minutes to Inverness Airport.
To view legal documents for all properties, and to register for our online auctions please visit our website.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
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