9-10 High Street
Dingwall
Highland
IV15 9HL

Town Centre Heritable Retail Investment

  • Located in the main retailing pitch in Dingwall town centre
  • Let to Boots UK Limited
  • New 10 year lease from September 2019
  • Prescriptions dispensed 7,400 (for the month of March 2020) (source: NHS Prescribing)
  • Neighbouring occupiers include Bank of Scotland, Ladbrokes and Specsavers
  • Lot
    19
  • Auction
    09/Jul/2020
  • Rent
    £36,240 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 9-10 High Street<br>Dingwall<br>Highland<br>IV15 9HL
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* More information on the term "price" can be found here

Property Information

Location
Miles
15 miles north west of Inverness
Roads
A835
A9
Rail
Dingwall Railway station
Air
Inverness Airport
Situation

Dingwall, located 15 miles north west of Inverness is the main administrative hub for Ross-shire and has a population of circa 5,500. Dingwall is approximately 15 miles north west of Inverness which is the main administrative centre for the Highlands and Islands. The property is situated on the south side of Dingwall High Street, at the junction with Tulloch Street. Neighbouring occupiers include Bank of Scotland, Ladbrokes and Specsavers

Tenure

Heritable.

Description

The property comprises a two storey retail premises with retail sales at ground floor with staff/ancillary accommodation at first floor. Boots operate a pharmacy from the property. For the month of March 2020 the pharmacy dispensed 7,400 items which is typical as a monthly level of items dispensed from this location.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald (07718 899 341)

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

AccommodationUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
Ground FloorRetail
Ancillary
299.89 sq m
213.77 sq m
(3,228 sq ft)
(2,301 sq ft)
Boots UK
Limited (1)
10 years from
06/09/2019 until
05/09/2029 on a full
repairing and
insuring lease (2)
(3)
£36,24006/09/2024
First FloorAncillary40.41 sq m(435 sq ft    
Total
554.07 sq m
(5,964 sq ft)
  £36,240 

(1) For the year ending 31st August 2019, Boots UK Limited reported a turnover of 6,667,000,000, pre-tax profits of 217,000,000 and total shareholder funds of 2,110,000,000 (Source: Experian Group 16/06/2020). Boots is the largest pharmacy health and beauty chain in the UK and as at 31st August 2019 had 2,500 stores across the UK
(Source: www.boots-uk.com/about-boots-uk/about-boots/boots-in-numbers/ 16/06/2020).
(2) A new lease of 10 years was granted on 06/09/2019 at a rebased rent of 36,240 p.a.x.
(3) On signing of their new lease in September 2019, Boots were granted a nine month rent free period expiring in June 2020.

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

  • Solicitors Legal Pack
    Updated Date
    01.07.20
    File Size
    14 MB
    Login to View
  • Catalogue Page
    Updated Date
    22.06.20
    File Size
    600 KB
    View PDF
  • Site Plan
    Updated Date
    22.06.20
    File Size
    762 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@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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