Commercial Premises 28 Harbour Road, Eyemouth, TD14 5HY

Presented to the market in immaculate condition throughout, 28 Harbour Road is an exciting addition the the commercial market within Eyemouth. Currently occupied by Graham Reid Accountancy, the expansive, three storey property spawns over an impressive 187sqm and offers highly versatile accommodation to the new buyer. In addition to the appeals of the current layout and use, the property offers fantastic scope for redevelopment as each floor offers a self-contained unit with its own facilities and could therefore lend itself to residential conversion - providing the appropriate planning permissions were sought and granted. Viewings are considered essential to fully appreciate. 

Accommodation:

Ground floor: Entrance hallway, two offices, kitchen, WC and a store room

First Floor: Landing, three generously proportioned offices, two store rooms and WC

Second Floor: Landing, two large offices, store room, kitchen and WC

Rateable Value:

According to the Scottish Assessor’s website (www.saa.gov.uk), the overall unit has a rateable value of £13,000 per annum, as of 1st April 2023. The uniform business rate for the current year is £0.49 pence in the pound. Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

Investment Potential:

When purchased at £150,000, the premises provides an attractive rental yield of 8.66% PA, on the basis of a reasonable rental of £13,000 per annum. This can be apportioned by prospective unit at £4,500 PA for the ground unit, £6,500 PA for the first floor unit and £4,000 PA for the attic unit.