13 / 15 Broad Street
Fraserburgh
Aberdeenshire
Ab43 9AE

Heritable Retail Investment

  • 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
    07/Dec/2017
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £330,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 13 / 15 Broad Street<br>Fraserburgh<br>Aberdeenshire<br>Ab43 9AE
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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).

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

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
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
£30,00023/06/2022
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).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.12.17
    File Size
    3 MB
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  • Site Plan
    Updated Date
    15.11.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    15.11.17
    File Size
    691 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
Peterkins Robertson and Paul Solicitors Kensington House, 227 Sauchiehall Street
Glasgow
G2 3EX
David Morris 0141 331 4510davidmorris@prp-legal.co.uk

Useful Links

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