Let to M&Co Trading Ltd (t/a M&Co) at a rebased rent of £25,000 p.a.x.
Two buildings interconnected comprising approximately 669.77 sqm (7,204 sqft)
Town Centre location benefitting from on street car parking
Nearby occupiers include Farmfoods, Argos,
Card Factory, BrewDog and Aberdeen Council
VAT free investment
Lot 38
Auction 25th March 2021
Rent £25,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
17 miles south-east of Fraserburgh
29 miles north-east of Aberdeen
Roads
A90
Rail
Aberdeen Railway Station
Air
Aberdeen Airport
Situation
Peterhead is a coastal town located approximately 17 miles south-east of Fraserburgh and 29 miles north-east of Aberdeen. The property is located on the north side of Erroll Street, a continuation of the main retail street in the town. Nearby occupiers include Farmfoods, Superdrug, Argos, Card Factory, BrewDog and Aberdeen Council.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
17 miles south-east of Fraserburgh
29 miles north-east of Aberdeen
Roads
A90
Rail
Aberdeen Railway Station
Air
Aberdeen Airport
Situation
Peterhead is a coastal town located approximately 17 miles south-east of Fraserburgh and 29 miles north-east of Aberdeen. The property is located on the north side of Erroll Street, a continuation of the main retail street in the town. Nearby occupiers include Farmfoods, Superdrug, Argos, Card Factory, BrewDog and Aberdeen Council.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises two properties connected at ground and first floors. With retail sales at ground and first floors, there is ancillary, stock and staff areas at second floor.
VAT
VAT is not applicable to this lot.
Viewings
Please contact Mhairi Archibald (0771 8899 341)
EPC
D. See legal pack at www.acuitus.co.uk.
Description
The property comprises two properties connected at ground and first floors. With retail sales at ground and first floors, there is ancillary, stock and staff areas at second floor.
VAT
VAT is not applicable to this lot.
Viewings
Please contact Mhairi Archibald (0771 8899 341)
EPC
D. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First Attic
Retail sales Retail sales Ancillary
383.22 sq m 190.26 sq m 95.78 sq m
(4,125 sq ft) (2,048 sq ft) (1,031 sq ft)
M&CO TRADING LIMITED (2)
04/08/2020 to 03/08/2025(1)
£25,000
Total
669.77 sq m
(7,204 sq ft)
£25,000
(1) Tenant option to determine the lease on the third anniversary of the term (upon six months written notice) (2) M&Co was founded in 1834 and operate from over 300 stores. M&Co employs over 3,900 staff members (mandco.com 24/02/2021).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
