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4 Victoria St

Shop for sale

£320,000 1,960 sq ft

DM Hall
View the performance or update the listing in CoStar
Contact name

Lisa Cowie - DM Hall

Full address
4 Victoria St, Inverurie AB51 3QS – Oldmeldrum
Property type

Shop for sale

Asking price
£320,000
Available space range
There is 1 space available. This measures 1,960 sq ft.
Brochure
Download the brochure

Sale details

Sale unit 3834394 Available

1,960 sq ft, £163.27 per sq ft

Unit Sale unit 3834394
Address 4 Victoria St, Inverurie, Aberdeenshire, AB51 3QS, GB
Size 1,960 sq ft
Price £320,000
Price per unit £163.27 per sq ft
Unit Sale unit 3834394
Address 4 Victoria St, Inverurie, Aberdeenshire, AB51 3QS, GB
Size 1,960 sq ft
Price £320,000
Price per unit £163.27 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 7.41%
Financial type Actual
Financial year 2018
Net operating income £23,700

Sale notes

  • Floor areas the property provides the following internal floor areas, measured in accordance with the rics code of measuring practice (sixth edition).
  • Retail: 99.06 sq m (1,067 sq ft) residential: 83.00 sq m (893 sq ft) tenancy details the ground floor retail unit is let to town and country leasing ltd on a full repairing and insuring lease expiring on 28th february 2022..
  • The current rent passing is £15,000 per annum.
  • The flat is currently passing at £725 pcm, let on a separate lease.
  • Rating assessment we understand from the scottish assessors association that the subjects have the following rateable value with effect from 1st april 2017..
  • Rates: £15,500 council tax: band ‘d’ the uniform business rate for the year 2018/19 is 0.48p in the £.
  • Water and waste water rates are also payable.
  • Tenure the property is held on heritable (freehold) tenure energy performance certificate the commercial property has an energy performance rating of ‘d’ the residential property has an energy performance rating of ‘b’ full documentation is available on request.
  • Price offers in the region of £320,000 are sought for our clients heritable interest in the subjects.

Property description

The property comprises a retail unit forming the ground floor of a modern, detached two storey building of stone construction, partly rendered under a pitched and slated roof. The upper floor is in residential use. The property benefits from a modern full height timber framed shop front. Internally the unit is finished to a high standard with carpeted floor, plasterboard walls and ceiling and fluorescent light fittings. The accommodation comprises sales/office area, kitchen and w/c facilities. The residential accommodation comprises a modern two bedroom first floor flat. The tenant has been in occupation since 2015 with a passing rent of £725 pcm.

Number of storeys
2
Rentable building area
1,960 sq ft
Year built
1910

Attachments

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This shop for sale is located in Oldmeldrum.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to DM Hall. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact DM Hall for full details and further information.