Retail (Class 1) Investment, 14A Bank Street, Balintore, Tain, IV20 1UQ

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.

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.

Accommodation

Property extends to approximately 1,905 sq ft

Terms

Property is offered at a Guide price of £60,000.  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 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

• 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