Heritable supermarket investment
Heritable supermarket investment
Fraserburgh is located 40 miles north of Aberdeen.
The town has a population of 13,000 and serves as a major employment and service centre for the North east of Scotland, with the towns economic base dominated by fishing and its associated businesses and industries.
The Albert Street area comprises a broad mix of residential and commercial, including a council run community centre and dental surgery.
Heritable.
Fraserburgh is located 40 miles north of Aberdeen.
The town has a population of 13,000 and serves as a major employment and service centre for the North east of Scotland, with the towns economic base dominated by fishing and its associated businesses and industries.
The Albert Street area comprises a broad mix of residential and commercial, including a council run community centre and dental surgery.
Heritable.
The property comprises a detached single storey supermarket built in 2012 of steel portal frame construction. Internally the subject property comprises open plan retail sales, together with ancillary storage, an office and staff facilities.
The property occupies a rectangular shaped, level site extending to 0.21 hectares (0.51 acres) together with circa 40 car parking spaces and 2 disabled car parking spaces.
VAT is applicable to this lot.
Please contact Mhairi Archibald (07718 899341)
Six week completion is available
Band C. See legal pack at acuitus.co.uk.
The property comprises a detached single storey supermarket built in 2012 of steel portal frame construction. Internally the subject property comprises open plan retail sales, together with ancillary storage, an office and staff facilities.
The property occupies a rectangular shaped, level site extending to 0.21 hectares (0.51 acres) together with circa 40 car parking spaces and 2 disabled car parking spaces.
VAT is applicable to this lot.
Please contact Mhairi Archibald (07718 899341)
Six week completion is available
Band C. See legal pack at acuitus.co.uk.
| Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|
| Supermarket | 692.00 sq m |
(7,449 sqft) |
Cooperative Group Food Limited(1) |
10 years from 01/10/2017 until 30/09/2027 |
£101,305.91 | 30/09/2022(2) |
| Total |
692.00 sq m |
(7,449 sq ft) |
£101,305.91 | |||
(1) The Cooperative began trading in 1844 and have 4,000 stores throughout the UK, the largest number of outlets for any UK grocer.
For the year ended 2nd January 2016, Co-Operative Group Food Limited reported a turnover of £6,475,500,000, a pre tax loss of £429,600,000 and a net worth of £1,385,500,000 (Source: Experian 30/04/2020). Website: www.coop.co.uk
(2) 5 yearly rent reviews Annual RPI uplifts capped at 4% and collared at 1%
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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