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 £1,250+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.
