Let to Mackays Stores Limited on a recently renewed lease
Tenant recently undertaken a refurbishment programme
Tenant has been in occupation since 1988
Prominent location in prime retailing pitch
Neighbouring occupiers include, Boots, Card Factory, Superdrug and Iceland
Lot 34
Auction 7th December 2017
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
40 miles north of Aberdeen, 17 miles north of Peterhead
Roads
A90
Rail
Aberdeen Railway Station
Air
Aberdeen Airport
Situation
The property is prominently located in the west of the town centre on the east side of Broad Street, the town’s principal retailing thoroughfare. Nearby occupiers include Boots, Card Factory, Iceland and Superdrug.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
40 miles north of Aberdeen, 17 miles north of Peterhead
Roads
A90
Rail
Aberdeen Railway Station
Air
Aberdeen Airport
Situation
The property is prominently located in the west of the town centre on the east side of Broad Street, the town’s principal retailing thoroughfare. Nearby occupiers include Boots, Card Factory, Iceland 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 not applicable to this lot.
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 not applicable to this lot.
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
Reversion
Ground First
Retail/Ancillary Ancillary
244.05 sq m 87.61 sq m
(2,627 sq ft) (943 sq ft)
MACKAYS STORES LIMITED t/a M&Co (1)
5 years from 24/06/17 on a full repairing and insuring lease
£30,000
23/06/2022
Totals
331.66 sq m
(3,570 sq ft)
£30,000
(1) Mackay Stores Limited trade as M&Co throughout the UK. The first Mackays store opened 50 years ago and the family business now trades from almost 300 stores and employs more than 3,900 staff (www.mandco.com). For the year ending 24/02/2017, Mackays Stores Limited reported a turnover of £165,611,000, pre-tax profits of £1,100,000 and a total net worth of £36,441,000 (Source: Experian Group 08/11/17).