10 - 16 High Street Fort William Highlands PH33 6AT

10 - 16 High Street
Fort William
Highlands
PH33 6AT

Heritable Retail Investment

  • Let to Mountain Warehouse Limited on an extended lease until 2030 (subject to option)
  • Popular tourist destination close to Ben Nevis and Glencoe
  • Prominent pedestrianised town centre location
  • Nearby occupiers include Boots, WH Smith, Tesco Metro, Edinburgh Woollen Mill, Fat Face, Clydesdale, RBS and TSB
  • Lot
    36
  • Auction
    13th July 2017
  • Rent
    £80,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £930,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of St John’s College, Oxford
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Let to Mountain Warehouse Limited on an extended lease until 2030 (subject to option)
  • Popular tourist destination close to Ben Nevis and Glencoe
  • Prominent pedestrianised town centre location
  • Nearby occupiers include Boots, WH Smith, Tesco Metro, Edinburgh Woollen Mill, Fat Face, Clydesdale, RBS and TSB
  • Lot 36
  • Auction 13th July 2017
  • Rent
  • Status Sold
  • Price £930,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of St John’s College, Oxford

Property Information

Location
Miles
64 miles south-west of Inverness, 105 miles north-west of Glasgow
Roads
A82, A830
Rail
Fort William Railway Station
Air
Inverness Airport
Situation

Fort William is the largest town in the West Highlands and is a popular tourist destination all year round due to its proximity to Ben Nevis and Glencoe. The property is prominently situated in the heart of the town centre on the east side of the pedestrianised High Street and benefits from a substantial public car park being located to the rear. Nearby occupiers include Boots, WH Smith, Tesco Metro, Edinburgh Woollen Mill , Fat Face, Clydesdale, RBS and TSB.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location
Miles
64 miles south-west of Inverness, 105 miles north-west of Glasgow
Roads
A82, A830
Rail
Fort William Railway Station
Air
Inverness Airport
Situation

Fort William is the largest town in the West Highlands and is a popular tourist destination all year round due to its proximity to Ben Nevis and Glencoe. The property is prominently situated in the heart of the town centre on the east side of the pedestrianised High Street and benefits from a substantial public car park being located to the rear. Nearby occupiers include Boots, WH Smith, Tesco Metro, Edinburgh Woollen Mill , Fat Face, Clydesdale, RBS and TSB.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a double fronted ground floor retail unit with ancillary accommodation on the first and second floors.

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 double fronted ground floor retail unit with ancillary accommodation on the first and second floors.

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 Reviews
Ground
Mezzanine
First
Second
Retail/Ancillary
Ancillary
Ancillary
Ancillary
425.49 sq m
14.86 sq m
403.20 sq m
34.84 sq m
(4,580 sq ft)
(160 sq ft)
(4,340 sq ft)
(375 sq ft)
MOUNTAIN
WAREHOUSE
LIMITED (1)
Approx 21 years
from 17/08/2009
until 28/07/2030 on
a full repairing and
insuring lease (2)
£80,000 29/07/2020 &
29/07/2025
Totals  
878.39 sq m
(9,455 sq ft)
    £80,000  

(1) Mountain Warehouse was established in 1997 and is the UK’s largest specialist outdoor retailer with over 200 stores throughout the UK. (www.mountainwarehouse.com). For the year ending 28th February 2016, Mountain Warehouse Limited reported a turnover of £141,403,000, pre-tax profits of £16,246,000 and a total net worth £49,311,000 (Source: Experian Group 20/04/2017).
(2) The property was originally let to Mountain Warehouse Limited for a term of 10 years from 17th August 2009. With effect from the 29th July 2015, the lease was extended to expire on 28th July 2030, subject to a tenant option to determine on 29th July 2025.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    568 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Shepherd & Wedderburn 1 Exchange Crescent, Conference Square
Edinburgh
Edinburgh
EH3 8UL
01312 281 222
Vikki Henderson 0131 473 5260vikki.henderson@shepwedd.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now