Large Commercial premises located in busy Angus Town. Fantastic investment opportunity. Property is currently run as a pub/bar. The property consists of large bar area, private function suit, commercial kitchen, office area, toilets and storage facilities.
This property is sure to appeal to investors looking for a readily let High yielding investment opportunity. Superb rental income of £10,200 per annum currently being achieved. This would generate a gross rental yield of 20% if achieved for the guide price of £50,000.
Property may lend itself for a variety of uses given its size and location. The property could be reopened as a gastro pub , restaurant or events location.
Property could potentially be converted into residential subject to researching and gaining the necessary consents.
Property has a Guide price of £50,000 and is sure to appeal to investors looking for a property that they can put their own stamp on.
High yielding investment property. Property would provide a gross yield of 10% if achieved for Guide price of £50,000 .This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
Location
Kirriemuir, situated in the Angus region of Scotland, is a charming town known for its scenic beauty, historical significance, and community atmosphere. Nestled amidst the Angus Glens and the Grampian Mountains, the town offers a picturesque backdrop for outdoor enthusiasts, with opportunities for hiking, cycling, and enjoying nature. Its rich history is evident in attractions like the Kirriemuir Camera Obscura, the Gateway to the Glens Museum, and the childhood home of Sir J.M. Barrie, the author of Peter Pan. The town's small size fosters a strong sense of community, providing residents with a close-knit atmosphere and a more relaxed pace of life. With its quality of life, cultural activities, and proximity to larger cities like Dundee and Aberdeen, Kirriemuir may appeal to those seeking a balance between tranquility and access to amenities
Accommodation
The property consists of large bar area, private function suit, commercial kitchen, office area, toilets and storage facilities.
Terms
Guide Price - £50,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Large Commercial premises located within a popular location in Kirriemuir - Guide Price £50,000
- Property is currently let at £850 p/m (£10,200 p/a) which provides a fantastic 20% gross yield if achieved for the guide price of £50,000.
- Sure to appeal to shrewd commercial Landlords looking for an affordable, high yielding commercial investment.
- Rare Auction Property. Current rent of £850 p/m includes a contribution towards insurance. Current tenant is on a 30 day rolling contract. Suitable for owner occupiers looking to run the property as a business.
- Property is located on a busy street in Kirriemuir benefiting from large passing trade.