49 Allan Street
Blairgowrie
Perthshire
PH10 6AB

Heritable Retail Investment

  • Let to Boots UK Limited until 2025 (no breaks) (2)
  • New reversionary lease signed in 2019
  • Busy town centre location
  • Nearby occupiers include Sainsbury's, M&Co and Cancer Research
  • Lot
    37
  • Auction
    11/Dec/2019
  • Rent
    £20,003 per Annum Exclusive
  • Status
    Available
  • Price*
    £195,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Trustees
  • 49 Allan Street<br>Blairgowrie<br>Perthshire<br>PH10 6AB
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
19 miles north-west of Dundee
16 miles north of Perth
Roads
A85, A9, M90 (Junction 11)
Rail
Air
Dundee Airport
Situation

Blairgowrie is an affluent rural town located 19 miles north-west of Dundee. The property is located in the heart of the town centre on Allan Street, at its junction with High Street. Nearby occupiers include Sainsbury's, M&Co and Cancer Research.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a double fronted ground floor retail unit, which forms part of a larger building which does not form part of the sale.

VAT

VAT is applicable to this lot.

EPC

Band G. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
GroundRetail/Ancillary
184.32 sq m
(1,984 sq ft)
BOOTS UK
LIMITED (1)
20 years and 4 months from 22/03/2005 until
21/07/2025 on a full repairing and insuring
lease (2)
£20,003
Total
184.32 sq m
(1,984 sq ft)
  £20,003 (3)

(1) For the year ending 31st August 2018, Boots UK Limited reported a turnover of £6,790,000,000, pre-tax profits of £398,000,000 and a total net worth of £875,000,000 (Source: Experian Group 19/09/2019). Boots is the largest pharmacy health and beauty chain in the UK and as at 31st August 2018 had 2,485 stores across the UK (Source: www.boots-uk.com/about-boots-uk/about-boots/boots-in-numbers/ 20/09/2019).
(2) The current lease is for a term of 15 years and four months expiring 21/07/2020, however a 5 year reversionary lease has been signed from expiry of the current term until 21/07/2025 at a rebased rent of £16,000 p.a.x.
(3) For the purpose of clarification, the current passing rent is £19,707 p.a.x. The current lease provides a fixed rental increase to £20,003 p.a.x from 1st April 2020. The seller has agreed to adjust the completion monies so that the property will effectively produce £20,003 p.a.x from the completion of sale. At the commencement of the reversionary lease on 21/07/2020, the rent will rebase to £16,000 p.a.x and the tenant will benefit from a three month rent free period. The seller has agreed to adjust the completion monies so the sale will effectively produce £16,000 p.a.x. from the commencement of the reversionary lease.

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    25.11.19
    File Size
    14 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    688 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Mhairi JarvisMhairi Jarvis +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Seller's Solicitors
Burness Paull 50 Lothian Road
Edinburgh
EH3 9WJ
Andrew Wood 0131 473 6903andrew.wood@burnesspaull.com

Useful Links

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