Prominent position on Wick High Street near junction with A99
Entire building for sale
Occupiers closeby include Ladbrokes, Semichem and TSB
Lot 48
Auction 23rd September 2020
Vacant Possession
Status Sold
Price £100,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
14 miles south of John o`Groats
20 miles southeast of Thurso
100 miles north of Inverness
Roads
A9, A99
Rail
Wick Railway Station (scotrail)
Air
Wick Airport
Inverness Airport (110 miles south)
Situation
Wick forms the administrative and community facilities for the Caithness region. Highland Council offices are located in the town along with the general hospital, swimming pool and retail hub. The town is part of the popular tourist routes in the north of Scotland including the attraction at John O'Groats. The property is located on the busy High Street in the town close to the junction with the A99. Nearby occupiers include TSB, Ladbrokes and Semichem.
Tenure
Heritable.
Location
Miles
14 miles south of John o`Groats
20 miles southeast of Thurso
100 miles north of Inverness
Roads
A9, A99
Rail
Wick Railway Station (scotrail)
Air
Wick Airport
Inverness Airport (110 miles south)
Situation
Wick forms the administrative and community facilities for the Caithness region. Highland Council offices are located in the town along with the general hospital, swimming pool and retail hub. The town is part of the popular tourist routes in the north of Scotland including the attraction at John O'Groats. The property is located on the busy High Street in the town close to the junction with the A99. Nearby occupiers include TSB, Ladbrokes and Semichem.
Tenure
Heritable.
Description
The property comprises a two storey building with retail sales at ground floor with ancillary and storage accommodation at first floor level. There is access to the property at the rear from Mowat Lane.
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald (07718 899341)
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises a two storey building with retail sales at ground floor with ancillary and storage accommodation at first floor level. There is access to the property at the rear from Mowat Lane.
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald (07718 899341)
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail sales
219.26 sq m
2,360 sq ft
MERIDIAN REALISATION LIMITED (FORMERLY MACKAYS STORES LIMITED IN ADMINISTRATION)(1)
18/05/2007 to 31/01/2033 (2)(3)
£0
First
Ancillary
359.86 sq m
3,873 sq ft
Total
579.12 sq m
6,233 sq ft
£0
(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) Tenant and landlord break options on three months' notice (3) The lease is subject to a Schedule of Condition
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.