Let to The Factory Shop Limited until 2024 (no breaks)
Guaranteed rental increase in October 2019
Approximately 511.09 sq m (5,501 sq ft)
Benefits from a substantial frontage and yard to the rear
Nearby occupiers include Boots, Sainsbury’s, Co-op, McColl’s, William Hill and Bank of Scotland
Lot 84
Auction 24th May 2018
Rent £50,913 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles north of Kilmarnock, 17 miles south-west of Glasgow
Roads
A77, M77
Rail
Stewarton Railway Station
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation
Stewarton is a popular East Ayrshire town located 5 miles north of Kilmarnock. The property is prominently situated on the north side of High Street, in the heart of the town centre. Nearby occupiers include Boots, Sainsbury’s, Coop, McColl’s, William Hill and Bank of Scotland.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
5 miles north of Kilmarnock, 17 miles south-west of Glasgow
Roads
A77, M77
Rail
Stewarton Railway Station
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation
Stewarton is a popular East Ayrshire town located 5 miles north of Kilmarnock. The property is prominently situated on the north side of High Street, in the heart of the town centre. Nearby occupiers include Boots, Sainsbury’s, Coop, McColl’s, William Hill and Bank of Scotland.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises a well configured ground floor retail unit totalling approximately 511.09 sq m (5,501 sq ft) and benefits from a substantial frontage to High Street and a rear service yard.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a well configured ground floor retail unit totalling approximately 511.09 sq m (5,501 sq ft) and benefits from a substantial frontage to High Street and a rear service yard.
VAT
VAT is 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
Review
Ground
Retail/Ancillary
511.09 sq m
(5,501 sq ft)
THE FACTORY SHOP LIMITED (1)
15 years from 02/10/2009 until 01/10/2024 on a full repairing and insuring lease
£50,913
Fixed increase in rent to £57,603 on 02/10/2019
Total
511.09 sq m
(5,501 sq ft)
£50,913
(1) The Original Factory Shop is a popular discount retailer founded in 1969 and now trades from over 200 stores throughout the UK (www.tofs.com).
