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 10th December 2020
Rent £45,993 per Annum Exclusive
Status Sold Post
Price
Sector Supermarket
Auction Venue Live Streamed Auction
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.
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
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
Accommodation
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
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
£45,993
25/10 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 £1,250+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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