Let to Sainsbury's Supermarkets Limited until 2024
Occupied as a supermarket since at least 1972
Includes car park for 24 cars
Site coverage of approximately 26%
Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross
Lot 66
Auction 7th December 2017
Rent
Status Sold
Price £540,000
Sector Supermarket
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
40 miles south-east of Edinburgh
50 miles north of Carlisle
Roads
A7, A68
Rail
Galashiels railway station
Air
Edinburgh Airport
Situation
Selkirk is a historic and attractive market town in the Scottish Borders. The property is situated on the north side of the High Street, the town's principal retail thoroughfare. Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross.
Tenure
Heritable.
Location
Miles
40 miles south-east of Edinburgh
50 miles north of Carlisle
Roads
A7, A68
Rail
Galashiels railway station
Air
Edinburgh Airport
Situation
Selkirk is a historic and attractive market town in the Scottish Borders. The property is situated on the north side of the High Street, the town's principal retail thoroughfare. Nearby occupiers include The Co-operative Food, RBS, Post Office and British Red Cross.
Tenure
Heritable.
Description
The property is a well established supermarket comprising ground floor retail accommodation and ancillary accommodation on the first floor. The property benefits from 24 car parking spaces and an approximate site area of 0.15 hectares (0.37 acres) and approximate site coverage of 26%.
VAT
VAT is not 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 is a well established supermarket comprising ground floor retail accommodation and ancillary accommodation on the first floor. The property benefits from 24 car parking spaces and an approximate site area of 0.15 hectares (0.37 acres) and approximate site coverage of 26%.
VAT
VAT is not 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
Review
Ground First
Retail Ancillary
365.40 sq m 369.60 sq m
(3,933 sq ft) (3,978 sq ft)
SAINSBURY’S SUPERMARKETS LIMITED (1)
15 years from 11/05/2009 until 2024
£51,000
11/05/2019
Totals
735.00 sq m
(7,911 sq ft)
£51,000
(1) For the year ending 12th March 2016, Sainsbury’s Supermarkets Limited reported a turnover of £23,168,000,000, pre-tax profits of £406,000,000 and a total net worth of £4,458,000,000 (Source: Experian Group 31/10/2017).