38 Commerce Street
Insch
Aberdeenshire
AB52 6JB

Heritable Supermarket Investment with RPI Rent Reviews and Car Parking

  • Well established convenience store in popular market town
  • Let to Cooperative Group Food Ltd until 24th October 2027
  • Currently producing £45,993 pa with five yearly RPI uplifts
  • Nearby occupiers include The Post Office and local pharmacy
  • Lot
    5
  • Auction
    10/Dec/2020
  • Rent
    £45,993 per Annum Exclusive
  • Status
    Available
  • Price*
    £550,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
  • 38 Commerce Street<br>Insch<br>Aberdeenshire<br>AB52 6JB
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* More information on the term "price" can be found here

Property Information

Location
Miles
26 miles north west of Aberdeen
Roads
B992, A96
Rail
Insch Railway Station (ScotRail)
Air
Aberdeen Airport
Situation

Insch is a popular town in Aberdeenshire with access to the A96 linking Aberdeen and Inverness. The town also benefits from a railway station providing a direct link to Aberdeen. The town has a selection of general and specialist shops.
The property is situated on Commerce Street which is the main street through the town. Nearby occupiers include the Post Office, a local pharmacy and village store.

Tenure

Heritable.

Description

The property comprises a redeveloped commercial unit with customer car parking fronting the road. There is a loading bay to the rear accessed from Western Road.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald (0771 8899341)

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

AccommodationFloor Areas
(Approx)
TenantTermRent p.a.xReview
Supermarket
316.62 sq m

(3,408 sq ft)
Co-Operative
Group Food Ltd
(1)
10 years from
25/10/2017 to
24/10/2027
£45,99325/10 2022 (2)
Total
316.62 sq m
(3,408 sq ft)
  £45,993 

(1) Cooperative Group Food Ltd. The Cooperative began trading in 1844 and have 4,000 stores throughout the UK, the largest number of outlets for any UK grocer. For the year ended 2nd January 2016, Co-Operative Group Food Limited reported a turnover of £6,475,500,000, a pre tax loss of £429,600,000 and a net worth of £1,385,500,000 (Source: Experian 30/04/2020).
Website: www.coop.co.uk
(2) The rent is subject to five yearly RPI uplifts capped at 4% and collared at 1%

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
    26.11.20
    File Size
    100 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.20
    File Size
    658 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.20
    File Size
    611 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 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
Associate Auctioneers
Graham + Sibbald 4 Ardross Street
Inverness
IV3 5NN
John MacBean 01463 236 977John.MacBean@g-s.co.uk
Seller's Solicitors
Ledingham Chalmers LLP Kintail House, Beechwood Business Park
Inverness
IV2 3BW
Pamela Sargent 01224 408408pamela.sargent@ledinghamchalmers.com

Useful Links

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