Oxfam, 107-109 George Street Oban Scotland PA34 5NT

Oxfam, 107-109 George Street
Oban
Scotland
PA34 5NT

Heritable (Scottish Equivalent to English Freehold) Retail Investment

Ground floor let to Oxfam until 2019 (subject to option)
Prominently situated on busy town centre retail thoroughfare
Popular coastal tourist destination
Nearby occupiers include Stead & Simpson, Yorkshire Building Society, Cancer Research, Clinton Cards and Blockbuster
Rent subject to Note 3

Lot
16
Auction
21st October 2010
Rent
£40,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Heritable (Scottish Equivalent to English Freehold) Retail Investment

Ground floor let to Oxfam until 2019 (subject to option)
Prominently situated on busy town centre retail thoroughfare
Popular coastal tourist destination
Nearby occupiers include Stead & Simpson, Yorkshire Building Society, Cancer Research, Clinton Cards and Blockbuster
Rent subject to Note 3

Lot 16
Auction 21st October 2010
Rent £40,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Estimated Residential Population: 8,120
Miles: 44 miles south-west of Fort William, 97 miles north-west of Glasgow, 109 miles south-west of Inverness
Roads: A82, A85###Rail: Oban Rail Station
Air: Oban Airport

Situation

The property is prominently situated on the west side of George Street, Oban’s principal retail thoroughfare. Nearby occupiers include Deichmann Shoes, Stead & Simpson, Yorkshire Building Society, Cancer Research, Clinton Cards and Blockbuster.

Tenure

Heritable. (Scottish Equivalent to English Freehold)

Location

Estimated Residential Population: 8,120
Miles: 44 miles south-west of Fort William, 97 miles north-west of Glasgow, 109 miles south-west of Inverness
Roads: A82, A85###Rail: Oban Rail Station
Air: Oban Airport

Situation

Tenure

Heritable. (Scottish Equivalent to English Freehold)

Description

The property comprises a DOUBLE FRONTAGE GROUND FLOOR RETAIL UNIT formed within a traditional four storey tenement building. To the rear of the property there is a large area for storage with a rear access door for deliveries via William Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

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	Review
Ground Ground	Retail Storage	133.81 sq m 84.94 sq m	(1,440 sq ft) (914 sq ft)	OXFAM (1)	10 years from 26/11/2009 until 25/11/2019 (2)	£40,000 (3)	26/11/2014
Totals		218.75 sq m	(2,354 sq ft)			£40,000

(1) Oxfam, set up in 1942, is a development, relief and campaigning organisation and part of Oxfam International which employs 6,000 people and has branches in 11 countries in the world, including the USA, the Netherlands, Germany and Canada. (Source: www.oxfam.org.uk 22/09/2010)(2) Under the terms of the lease, there is a tenant’s option to determine on 25th November 2014 subject to six months’ prior written notice.(3) Please note, the tenant is currently benefiting from rent free periods from 26th November 2010 to 25th February 2011 and 26th November 2011 to 13th December 2011. The seller has agreed to adjust the completion monies so that the property will effectively produce £40,000 p.a.x. from completion of thesale.