Within close proximity to town centre car parking and Montrose Railway Station
Nearby High Street occupiers include Boots the Chemist, Lloyds Pharmacy, Savers, WH Smith and Ladbrokes
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 64
Auction 25th May 2017
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
32 miles south of Aberdeen, 38 miles north of Dundee
Roads
A92, A90
Rail
Montrose Railway Station (29 mins to Dundee, 39 mins to Aberdeen)
Air
Dundee Airport
Situation
Montrose is a picturesque coastal resort town situated between Dundee and Aberdeen in the county of Angus. The property is situated on the eastern side of Murray Street, close to the High Street in the heart of Montrose town centre. The property benefits from its proximity to Murray Lane car park which provides town centre car parking for approximately 60 cars. Boots the Chemist, Lloyds Pharmacy, Savers, WH Smith and Ladbrokes are located on the High Street to the south, within a short walk of the property.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
32 miles south of Aberdeen, 38 miles north of Dundee
Roads
A92, A90
Rail
Montrose Railway Station (29 mins to Dundee, 39 mins to Aberdeen)
Air
Dundee Airport
Situation
Montrose is a picturesque coastal resort town situated between Dundee and Aberdeen in the county of Angus. The property is situated on the eastern side of Murray Street, close to the High Street in the heart of Montrose town centre. The property benefits from its proximity to Murray Lane car park which provides town centre car parking for approximately 60 cars. Boots the Chemist, Lloyds Pharmacy, Savers, WH Smith and Ladbrokes are located on the High Street to the south, within a short walk of the property.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises a ground floor retail unit which forms part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit which forms part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail
92.53 sq m
(996 sq ft)
INDIVIDUAL t/a MilRo Sports
5 years from 13/06/2016 (1)
£11,500
12/06/2021
Total
92.53 sq m
(996 sq ft)
£11,500
(1) The lease provides for a tenant option to determine on 13/06/2019.