42/44 High Street Alloa Clackmannanshire, Scotland FK10 1JD

42/44 High Street
Alloa
Clackmannanshire, Scotland
FK10 1JD

Prime Heritable Retail Investment

Entirely let to Mackays Stores Limited until 2026
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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Prime Heritable Retail Investment

Entirely let to Mackays Stores Limited until 2026
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

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

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)