Small freehold High Street unit with redevelopment potential, sold at auction..
Freehold ground-floor commercial unit, 431 sqft
Prominent High Street frontage in historic cathedral city
Previously a health care centre; versatile retail/service layout
May allow change of use subject to planning and consents
Requires renovation and modernisation throughout
Sold unconditional at auction — buyer bears risks/costs
Area classed very deprived — consider demand and tenant risk
Indicative rental potential circa £500 pcm (£6,000 pa)
A compact freehold commercial unit on Brechin High Street, offered at auction. The 431 sqft ground-floor shop/office has strong frontage in a historic, busy location and was previously used as a health care centre. Its prominent position and visible frontage suit a range of retail or service uses, and a projected rental income of around £500pcm (£6,000pa) is referenced as indicative, subject to letting and demand.
The property requires renovation and modernisation throughout and may offer change-of-use or redevelopment potential to a residential unit, subject to necessary planning consents and conservation-area constraints. Buyers should allow for conversion costs, building works and any requirements imposed by the local conservation authority given the Georgian sandstone setting.
Sold at auction on an unconditional basis, this lot will suit investors or small developers seeking a value entry on a high street with nearby parking and strong passing footfall. Notable negatives: the area is classed as very deprived, the unit is small, and refurbishment is required — all factors that affect timescale and budget for returns.