4 Mill Road
Alloa
Kinardineshire
FK10 1EE

Heritable Retail Investment

  • Let to Steinhoff UK Group Properties Limited t/a Bensons for Beds
  • Town centre location
  • Nearby occupiers include Savers, Argos, Ladbrokes, Santander, Thomson, Poundland and Greggs
  • Lot
    64
  • Auction
    07/Dec/2017
  • Rent
    £72,774 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 4 Mill Road<br>Alloa<br>Kinardineshire<br>FK10 1EE
  • Expand
  • Photos
  • Map

Property Information

Location
Miles
7 miles east of Stirling, 32 miles north-east of Glasgow, 33 miles north-west of Edinburgh
Roads
A91, A9, M9, M80
Rail
Alloa Railway Station
Air
Edinburgh and Glasgow International Airports
Situation

The property is situated in the heart of Alloa town centre on the south side of Mill Road at its junction with Shillinghill, Mill Street and Drysdale Street, forming part of Alloa's main retail pitch. Nearby occupiers include Savers, Argos, Ladbrokes, Santander, Thomson, Poundland and Greggs.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a ground floor retail unit which forms part of a larger building not included within the sale.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
GroundRetail/Ancillary
529.73 sq m
(5,702 sq ft)
STEINHOFF UK GROUP
PROPERTIES LIMITED
(1) t/a Bensons for Beds
15 years from
05/06/2006 on a
full repairing and
insuring lease
£72,77404/06/2021
Totals
529.73 sq m
(5,702 sq ft)
  £72,774 

(1) For the year ending 24th September 2016, Steinhoff UK Group Properties Limited reported a turnover of £96,124,000, pre-tax profits of £8,208,000 and a total net worth of £28,005,000 (Source: Experian Group 08/11/2017).

Property Documents

  • Site Plan
    Updated Date
    15.11.17
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    15.11.17
    File Size
    962 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi JarvisMhairi Jarvis +44 (0)131 552 5191 +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Seller's Solicitors
Anderson Strathern LLP George House, 50 George Square
Glasgow
UK
G2 1EH
Kenneth Gerber 01412 426 068ken.gerber@andersonstrathern.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now