Back

 

9-10 King Street, Rothesay, Argyll and Bute, PA20 0DD

Feuhold town centre office in Rothesay

Guide price*

£275,000+

Plus fees

Lot information

Pound sign

Looking for finance on this property?

Find out more
Mail icon

Enquire about this property

Lot 128 Commercial Investment
Save property

Auction details:

Thursday 15th May 2025 @ 08:30AM

A well let town centre office investment including the government department of work and pensions, trading as Job Centre Plus Current rental income £30,630 PA

Property Description

The property, believed to date from the 1960's, comprises a three storey office building within a terrace and housing the Rothesay Job Centre Plus. The building is configured to provide three fully let offices and extends in total to approximately 6,800 sq. ft. The property occupies a prominent position fronting King Street immediately opposite the Thirteenth Century Rothesay Castle and a short walk from the Rothesay ferry terminal and Inner Harbor. Rothesay is a popular tourist destination and the principal town on the Isle of Bute, along the Firth of Clyde with ferry and onward rail links to Glasgow.

Energy Performance Rating

E

Tenure

Feuhold (Freehold)- subject to the following tenancies.

Tenancy Details

Ground Floor: Let by way of a 10 year lease to the Government Department of Work and Pensions with effect from 02/04/2021 at a current rent of £11,000 per annum.
There is provision for a rent review on the 02/04/2026.
First Floor: Let by way of a 10 year lease to the Government Department of Work and Pensions with effect from 02/04/2021 at a current rent of £9,630 per annum.
There is provision for a rent review on the 02/04/2026.
Second Floor: Let by way of a 5 year lease to CX Services Limited with effect from 01/07/2024 at a current rent of £10,000 per annum.
There is provision for a rent review on 01/01/2027.
We have not had sight of the lease documentation however copies will be available for inspection within the legal pack.

Value Added Tax

We understand VAT is not chargeable on this transaction.

Auctioneer's Note

Bond Wolfe have not inspected the property and the accommodation, floor areas should be verified by all interested parties.

Pre-auction Offers

Please note that offers in excess of the guide price may be considered prior to the Auction Sale.

Viewings

External viewings only.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

VIEWINGS

Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.

All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Register to bid for our next auction