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2.00pm 28th November, 2019 - Marriott Hotel in Edinburgh
Lot 5

DRUMMOND STREET, COMRIE, CRIEFF PH6 2DW

Former Bank Premises, 3 Floors with Potential for Alternative Use, Income £2,000 p.a. from ATM Letting

Location

Comrie is a popular village in Perthshire located in the southern Highlands and surrounded by spectacular scenery at the junction of the glens of Artney and Lednock. It lies some 25 miles west of Perth and 30 miles north of Stirling on the A85 linking it with its neighbouring town Crieff, 7 miles to the west. There are good road links and regular bus services making the village easily accessible. The village has a thriving community with good local shopping and primary educational facilities together with a Medical Centre and Dental Practice. The property occupies a prominent location on the corner of Drummond Street and Bridge Street and there is some on-street parking available. This is a busy shopping area and is particularly popular with tourists providing local trade in the area. Occupiers within the vicinity include the Post Offce, The Royal Hotel, cafes and a number of independent retail traders and offces.

Description

The property lies within the village conservation area and occupies a prominent corner position on Drummond Street which provides for the main shopping in the village. It comprises an attractive three storey Category C listed building of stone construction with a pitched slate roof. Internally, the ground foor accommodation comprises an open plan area, safe room and a small fight of steps leading to a small storage area and access to the rear fre exit. The property has recently been decommissioned and part of this work included the provision of a dedicated room for the ATM which has been re positioned and separated from the main foor area. Due to this internal reconfguration on the ground foor, we understand that the property will now beneft from two door entry/access. The frst foor has most recently been utilised by the bank as offce/staff rooms and comprises two large offces, large kitchen and toilets. The second foor, which we understand was at one time residential premises connected with the bank, comprises four good sized rooms and one smaller room. The property benefts from gas central heating, fuorescent recessed lighting, some carpeting and some original features. There is fre escape exit onto the lane to the rear of the property. Some limited on-street parking is available and further parking is provided for in surrounding streets and nearby car parks. There are lovely views over the River Earn and to the north, from the upper foors. Subject to obtaining necessary consents, the property lends itself to fexible development with the splitting of the unit, to comprise both commercial and residential accommodation.

Accommodation

Location sq.m. sq.ft.
Ground Floor 57.1 sq.m. 615 sq.ft.
ATM Secure Room 7.1 sq.m. 76 sq.ft.
First Floor 68.4 sq.m. 736 sq.ft.
Second Floor 80.9 sq.m. 871 sq.ft.
Total 213.5 sq.m. 2,298 sq.ft, approx

Planning

The property is suitable for offce and retail use subject to the restrictions noted below (see Tenure). Alternative uses may be possible and interested parties should make their own enquiries to Development Management Pullar House, 35 Kinnoull Street, Perth, PH1 5GD. Email: developmentmanagement@pkc.gov.uk Tel: 01738 475300

Rateable Value

£6,200. The property will require re-assessment to refect the alterations arising from the separation works related to the ATM and the resultant changes to the foor space.

EPC

Band G.

Tenancy

The ATM and associated secure room will be subject to a new lease to Royal Bank of Scotland PLC for a term of 5 years at the rent of £2,000 p.a inclusive of VAT. The lease will be subject to an initial three month rent free period and a break option in favour of the tenant at year 3 subject to the provision of 6 months prior written notice. In addition, the Tenants will be granted a Right of Access, at all times, from the front door of the premises, to the ATM room for the purposes of servicing it and the tenants will install secure CCTV to monitor the ATM unit. We recommend that interested parties inspect the lease terms and plan which are available from the Seller’s solicitors, DLA Piper Scotland.

Tenure

Owner Vacant Possession with the exception of the ATM letting. The vacant property will be sold subject to certain restrictions preventing the following uses: Businesses involving pawnbrokers, adult sex shops, bookmakers or other gambling businesses, bars/public houses, the sale of frearms and the sale of any paraphernalia associated with illegal drugs.

Services

The purchaser will be responsible for the electricity supply. The tenant will make a £200 p.a. payment, for the duration of the tenancy, to the Landlord as a contribution towards the Landlord’s utility and maintenance costs.

Viewing

By arrangement with the Auctioneers SVA Property Auctions Ltd: 0131 624 6640.

Joint Auctioneers

Avison Young (Edinburgh) Tel: 0131 255 8000 (Kyle Williamson).




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