Let to Boots Opticians Professional Services Limited on a renewed lease until 2025 (subject to option)
Pedestrianised town centre location
Close to The Burns Shopping Mall
Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Vodafone and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 41
Auction 30th March 2017
Rent £21,050 per Annum Exclusive
Status Sold
Price £230,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
24 miles south-west of Glasgow
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation
The property is prominently situated on the east side of pedestrianised King Street, close to The Burns Shopping Mall in the heart of the town centre. Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Vodafone and Superdrug.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
24 miles south-west of Glasgow
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation
The property is prominently situated on the east side of pedestrianised King Street, close to The Burns Shopping Mall in the heart of the town centre. Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Vodafone and Superdrug.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
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 ground floor retail accommodation with ancillary accommodation on the first floor.
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
Rent Review/(Reversion)
Ground First
Retail/Ancillary Ancillary
94.85 sq m 24.99 sq m
(1,021 sq ft) (269 sq ft)
BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (1)
10 years from 28/02/2015 on a full repairing and insuring lease (2)
£21,050
28/02/2020 (27/02/2025)
Total
119.84 sq m
(1,290 sq ft)
£21,050
(1) For the year ending 31st August 2015, Boots Opticians Professional Services Limited reported a turnover of £391,067,000, pre-tax profits of £39,176,000 and a total net worth of £82,691,000 (Source: Experian Group 03/03/2017). (2) The lease is subject to a tenant option to determine on 28th February 2020.