Prominent position in the prime town centre retail location
Neighbouring occupiers include Boots, Costa Coffee, Thomas Cook and Royal
Bank of Scotland
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 54
Auction 23rd March 2016
Rent £41,200 per Annum Exclusive
Status Sold
Price £385,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
9 miles east of Stirling, 29 miles south-west of Perth, 30 miles north-west of Edinburgh, 31 miles north-east of Glasgow
Roads
A907, M9 & M8
Rail
Alloa Railway Station (direct to Edinburgh & Glasgow Queen Street)
Air
Edinburgh & Glasgow International Airports
Situation
The property is situated in a prominent position on the west side of the High Street in the centre of Alloa. The property forms part of Alloa’s main retail pitch and benefits from nearby occupiers including Royal Bank of Scotland, Boots, Costa Coffee, Yorkshire Building Society and Specsavers.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
9 miles east of Stirling, 29 miles south-west of Perth, 30 miles north-west of Edinburgh, 31 miles north-east of Glasgow
Roads
A907, M9 & M8
Rail
Alloa Railway Station (direct to Edinburgh & Glasgow Queen Street)
Air
Edinburgh & Glasgow International Airports
Situation
The property is situated in a prominent position on the west side of the High Street in the centre of Alloa. The property forms part of Alloa’s main retail pitch and benefits from nearby occupiers including Royal Bank of Scotland, Boots, Costa Coffee, Yorkshire Building Society and Specsavers.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property forms a two storey building providing retail accommodation on ground floor and storage and staff accommodation at first floor level. There is a second entrance to the unit from the High Street, which forms a fire exit.
Six week completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property forms a two storey building providing retail accommodation on ground floor and storage and staff accommodation at first floor level. There is a second entrance to the unit from the High Street, which forms a fire exit.
Six week completion
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
Reviews
Ground First
Retail Ancillary
279.17 sq m 126.25 sq m
(3,005 sq ft) (1,359 sq ft)
MACKAY STORES LIMITED (1)
Approx 63 years 3 months from 12/08/1963 until 28/11/2026
£41,200
28/11/2019 and 28/11/2024
Totals
405.42 sq m
(4,364 sq ft)
£41,200
(1) For the year ending 20th February 2015, Mackays Stores Limited reported a turnover of £160,403,000, and a total net worth of £27,374,000. (Source: www.riskdisk.com 03/02/2016) M & Co has grown organically from a small family business of just 6 stores and now amounts to almost 300. They currently employ more than 3,900 staff, with 3,500 of those based in-store. (Source: www.mandco.com 22/02/2016)
