Heritable Retail Investment
Heritable Retail Investment
The property is located on the eastern side of Cowgate, the town's principal retailing thoroughfare, near to its junction with Broadcroft Road. The Regent Centre is located close by and houses retailers including Boots, Poundland and Superdrug. Other nearby occupiers include New Look, Card Factory, M&Co, Semi-Chem, Subway and Specsavers.
Heritable. (Scottish equivalent of English Freehold).
The property is located on the eastern side of Cowgate, the town's principal retailing thoroughfare, near to its junction with Broadcroft Road. The Regent Centre is located close by and houses retailers including Boots, Poundland and Superdrug. Other nearby occupiers include New Look, Card Factory, M&Co, Semi-Chem, Subway and Specsavers.
Heritable. (Scottish equivalent of English Freehold).
The property comprises a ground floor retail unit which forms part of a larger building.
VAT is applicable to this lot.
VAT (continued): If the buyer meets the requirements, the sale will be a Transfer of a Going Concern (TOGC).
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.
VAT is applicable to this lot.
VAT (continued): If the buyer meets the requirements, the sale will be a Transfer of a Going Concern (TOGC).
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 | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Retail/Ancillary | 111.83 sq m |
(1,204 sq ft) |
Greggs Plc (1) | 15 years from 18/11/2016 until 17/11/2031 on a full repairing and insuring lease (2) |
£22,500 | 18/11/2021 & 18/11/2026 |
| Totals |
111.83 sq m |
(1,204 sq ft) |
£22,500 | ||||
(1) Greggs was established over 75 years ago and now operates from over 1,800 shops throughout the UK (www.greggs.co.uk). For the year ending 31st December 2017, Greggs Plc reported a turnover of £894,195,000, pre-tax profits of £80,319,000 and a total net worth of £250,406,000 (Source: Experian Group 08/11/2017).
(2) The lease provides for a tenant option to determine on 18th November 2026.
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