Heritable Retail Investment
Heritable Retail Investment
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.
Heritable. (Scottish equivalent of English Freehold).
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.
Heritable. (Scottish equivalent of English Freehold).
The property comprises a ground floor retail unit which forms part of a larger building not included within the sale.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit which forms part of a larger building not included within the sale.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Retail/ Ancillary |
173.61 sq m |
(1,869 sq ft) |
INDIVIDUAL t/a Nisa Local and Post Office |
20 years from 24/03/2015 on a full repairing and insuring lease (1) |
£14,000 | 24/03/2020 & 5 yearly (23/03/2035) |
| Totals |
173.61 sq m |
(1,869 sq ft) |
£14,000 | ||||
(1) The lease provides for a tenant option to determine on 24th March 2020.
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