Prominently located in the heart of the town centre
Neighbouring occupiers include Savers, M&Co, Boots, Bank of Scotland and Co-op
Lot 50
Auction 24th May 2018
Rent £95,000 per Annum Exclusive
Status Sold
Price £930,000
Sector Supermarket
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
18 miles north-west of Glasgow, 60 miles west of Edinburgh
Roads
A82, A811, M8
Rail
Alexandria Railway Station
Air
Glasgow Airport
Situation
Alexandria is a popular market town located some 18 miles north-west of Glasgow. The property is prominently situated in the heart of the town centre at the entrance to the pedestrianised retail zone. Neighbouring occupiers include Savers, M&Co, Boots, Bank of Scotland and Co-op.
Tenure
Heritable. (Scottish equivalent of freehold)
Location
Miles
18 miles north-west of Glasgow, 60 miles west of Edinburgh
Roads
A82, A811, M8
Rail
Alexandria Railway Station
Air
Glasgow Airport
Situation
Alexandria is a popular market town located some 18 miles north-west of Glasgow. The property is prominently situated in the heart of the town centre at the entrance to the pedestrianised retail zone. Neighbouring occupiers include Savers, M&Co, Boots, Bank of Scotland and Co-op.
Tenure
Heritable. (Scottish equivalent of freehold)
Description
The property comprises a substantial retail building together with a smaller retail unit (2). The property benefits from a rear service yard with loading and car parking.
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 substantial retail building together with a smaller retail unit (2). The property benefits from a rear service yard with loading and car parking.
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.
15 years from 30/01/2009 on a full repairing and insuring lease
£95,000
29/01/2024
Total
1,764.24 sq m
(19,206 sq ft)
£95,000
(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, a pre-tax profit of £67,300,000 and a total net worth of £784,100,000 (Source: Experian Group 11/4/2018). (2) The tenant does not currently occupy the smaller retail unit.
