49 Allan Street
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
  • Auction
  • Rent
    £20,003 per Annum Exclusive
  • Status
    Sold Post
  • Price*
  • 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

19 miles north-west of Dundee
16 miles north of Perth
A85, A9, M90 (Junction 11)
Dundee Airport

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.


Heritable. (Scottish equivalent of English Freehold).


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 is applicable to this lot.


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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
184.32 sq m
(1,984 sq ft)
20 years and 4 months from 22/03/2005 until
21/07/2025 on a full repairing and insuring
lease (2)
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    File Size
    688 KB
    View PDF
  • Site Plan
    Updated Date
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    File Size
    585 KB
    View PDF


Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Burness Paull 50 Lothian Road
Andrew Wood 0131 473 6903andrew.wood@burnesspaull.com

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