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Retail Investment For Sale, 69 King Street, Lochee, DD1 0RB

619 Sq Ft / Retail / Retail - High Street

To Let - £7,899.98 per annum

Available - Last updated: 10 April 2024

The property is fitted as a Veterinary Clinic and are arranged to provide a waiting room/ reception, surgery/consultation room with storage and WC facilities to the rear.
( Agency Pilot Software ref: 14490 )

Location

Inverbervie is a small town situated approximately 10 miles south of Stonehaven and 25 miles south of Aberdeen. The town occupies an elevated position overlooking the Bervie River and North Sea and is accessed from the north by the A92 via the Jubilee Bridge. The town has a population of around 2,640 and has a number of local amenities including a medical centre, primary school, hotels, sports hall, local shops and other community amenities. The subject property is located on the west side of King Street in the block bounded by Church Street to the north and Aberdour Place to the south. King Street is the main commercial thoroughfare of Inverbervie with the main retail pitch on King Street running between Market Square and Kirkburn. Surrounding properties comprise mainly of retail and office premises at ground floor level with residential above.

Accommodation

GROUND FLOOR 57sq m ( 619sq ft )

Terms

LEASE TERMS The subjects are held on a lease on Full Repairing and Insuring terms until expiry on 30th April 2032. The lease incorporates rent reviews in April 2026 and 2029. The current passing rental is £7,899.98 per annum. RV The subjects are currently entered in the Assessor’s Valuation Roll as having an RV of £4,800. The current UBR (2023/2024) for properties with an RV under £51,000 is £0.498. However, under the Small Business Scheme, properties with an RV below £12,000 may qualify for 100% relief on rates payable, depending on individual circumstances.

PLANNING The subjects have a Class 1A (retail) use, however other uses will be considered subject to planning.

ENTRY Immediate VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending tenant must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

LEGAL COSTS Each party will be responsible for their own legal costs incurred, with the tenant being responsible for any Land & Buildings Transactional Tax, recording dues and VAT as applicable.

Specification

  • SUITABLE FOR A VARIETY OF USES, SUBJECT TO PLANNING
  • AVAILABLE FOR IMMEDIATE OCCUPATION
  • RATES FREE FOR QUALIFYING TENANTS

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £7,899.98 per annum

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Contact agents

John Conroy

Ryden LLP

0141 432 1390

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