Let to tenant trading as Nisa Local and Post Office until 2035 (subject to option)
Town centre location
Nearby occupiers include Savers, Argos, Ladbrokes, Santander, Thomson, Poundland and Greggs
Lot 77
Auction 7th December 2017
Rent £14,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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).
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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/ (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.
