78 High Street
Wick
KW1 4NB

Heritable Retail Investment

  • Prominent position on Wick High Street near junction with A99
  • Entire building for sale
  • Occupiers closeby include Ladbrokes, Semichem and TSB
  • Lot
    48
  • Auction
    23/Sep/2020
  • Vacant Posession
  • Status
    Available
  • Price*
    £70,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 78 High Street<br>Wick<br>KW1 4NB
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  • Map

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

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundRetail 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
FirstAncillary359.86 sq m3,873 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 £1,000 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
    03.09.20
    File Size
    19 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    618 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    737 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

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