Heritable Retail Investment
Heritable Retail Investment
The Royal Burgh of Peebles on the River Tweed, lies in the Scottish Borders, 22 miles south of Edinburgh and is a popular and historic tourist and commuter town. The property is prominently situated on the north side of the busy High Street close to its junction with Eastgate. Nearby occupiers include British Heart Foundation, SemiChem, Bank of Scotland, Costa, Greggs, Fatface, Boots and Nationwide
Heritable.
The Royal Burgh of Peebles on the River Tweed, lies in the Scottish Borders, 22 miles south of Edinburgh and is a popular and historic tourist and commuter town. The property is prominently situated on the north side of the busy High Street close to its junction with Eastgate. Nearby occupiers include British Heart Foundation, SemiChem, Bank of Scotland, Costa, Greggs, Fatface, Boots and Nationwide
Heritable.
The property comprises the ground and basement of a larger building with retail sales at ground floor and ancillary accommodation at basement level. The upper floors are in separate ownership and not included in the sale
VAT is applicable to this lot.
Please contact Mhairi Archibald (07718899341)
See legal pack at www.acuitus.co.uk
The property comprises the ground and basement of a larger building with retail sales at ground floor and ancillary accommodation at basement level. The upper floors are in separate ownership and not included in the sale
VAT is applicable to this lot.
Please contact Mhairi Archibald (07718899341)
See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 179.39 sq m |
(1,931 sq ft) |
MERIDIAN REALISATION LIMITED (FORMERLY MACKAYS STORES LIMITED IN ADMINISTRATION)(1) |
10 years from 13/02/2018 to 12/02/2028 |
£30,600 | |
| Basement | Ancillary | 38.20 sq m | (411 sq ft)) | ||||
| Total |
217.59 sq m |
(2,342 sq ft) |
£30,600 | ||||
(1) On 4 August 2020, Michael John Magnay and Gavin George Scott Park both of Deloitte LLP were appointed as joint administrators of the tenant, which is now known as Meridian Realisations Limited in Administration. On 4 August 2020, a licence to occupy was granted to M&Co Trading Limited (the entity which purchased the business and assets from Meridian Realisations Limited in Administration). Please refer to the letter from Deloitte LLP dated 12 August 2020 attached to this sale extract and enclosed with the auction pack for further details.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+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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