44 - 46 Dockhead Street
Saltcoats
KA21 5EH

Heritable Retail Investment

  • Prominent retail unit on pedestrianised High Street
  • Nearby occupiers include Subway, Timpson, Specsavers and Bank of Scotland
  • Lot
    47
  • Auction
    23/Sep/2020
  • Rent
    £49,590 per Annum Exclusive
  • Status
    Sold
  • Price*
    £125,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 44 - 46 Dockhead Street<br>Saltcoats<br>KA21 5EH
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
31 miles south of Glasgow
21 miles north of Ayr
15 miles west of Kilmarnock
Roads
A78
Rail
Saltcoats Station (Scotrail)
Air
Glasgow Prestwick International Airport
(15 miles south), Glasgow International Airport
(22 miles north)
Situation

Saltcoats is a popular town in North Ayrshire. The town is almost equidistant from both Glasgow to the north and Ayr to the south. The property is situated in a prominent position on the pedestrianised main retailing street in Saltcoats town centre. Neighbouring occupiers include Peacocks, Specsavers and Subway.

Tenure

Heritable.

Description

The property comprises a two storey building with retail area floor at ground floor and ancillary accommodation at first floor.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald (07718 89934)

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundRetail sales
279.19 sq m
3,005 sq ft
MERIDIAN REALISATION
LIMITED (FORMERLY
MACKAYS STORES
LIMITED IN
ADMINISTRATION)(1)
25 years from
18/05/2007 to
31/01/2033 (2)
£49,590 
FirstAncillary264.14 sq m2,843 sq ft 
Total
543.33 sq m
5,848 sq ft
  £49,590 

(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.
(2) There are tenant only break options to terminate the lease any time prior to one year after each of the later of:
(a) the second, third and fourth Review dates (being 18 May 2017, 2022, 2027, 2032)
(b) the date on which the rent payable from and after the Relevant Review Date has been fixed by service on the landlords of 6 months notice to that effect.

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
    23.09.20
    File Size
    16 MB
    Login to View
  • Site Plan
    Updated Date
    02.09.20
    File Size
    787 KB
    View PDF
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    706 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP 1 George Square
Glasgow
G2 1AL
Rachel Dunn +44 330 222 1710 rachel.dunn@dentons.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now