Ground floor supermarket let to Co-operative Group Food Limited until October 2036 (No Breaks)
Tenant has an Option to Extend the Lease by Ten Years
Prominent location close to Mounthooly roundabout and one of the main routes between the City Centre and Old Aberdeen
Modern Convenience store unit with on-site car parking redeveloped in 2021
Currently producing £63,000 p.a.x. with CPI uplifts (3% cap and 1% collar)
Lot 51
Auction 21st September 2023
Rent £63,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Supermarket/Convenience
Auction Venue Live Streamed Auction
Property Information
Location
Miles
56 miles north of Dundee
Roads
A96, A92
Rail
Aberdeen Railway Station
Air
Aberdeen Airport
Situation
Aberdeen is recognised globally as a centre of excellence for the oil, gas and energy sectors. As the third largest city in Scotland, with a population of approximately 225,000, Aberdeen has a regional catchment of over 500,000 people.
The property is prominently located at the junction of King's Crescent and Mounthooly Way just north of Aberdeen City Centre, in close proximity to the University of Aberdeen, First Group and ASV Aberdeen Sports Village.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Location
Miles
56 miles north of Dundee
Roads
A96, A92
Rail
Aberdeen Railway Station
Air
Aberdeen Airport
Situation
Aberdeen is recognised globally as a centre of excellence for the oil, gas and energy sectors. As the third largest city in Scotland, with a population of approximately 225,000, Aberdeen has a regional catchment of over 500,000 people.
The property is prominently located at the junction of King's Crescent and Mounthooly Way just north of Aberdeen City Centre, in close proximity to the University of Aberdeen, First Group and ASV Aberdeen Sports Village.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Description
The property comprises a ground floor supermarket with car parking. The upper floors of the property are being offered for sale separately as Lot 52.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor supermarket with car parking. The upper floors of the property are being offered for sale separately as Lot 52.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Retail/Storage/Ancillary
325.16 sq m
(3,500 sq ft)
CO-OPERATIVE GROUP FOOD LIMITED (1)
15 years from 20/10/21 to 19/10/36 on FRI terms (2)
£63,000
20/10/2026 & 20/10/2031
Total
325.16 sq m
(3,500 sq ft)
£63,000
(1) Co-operative Group Limited is a British consumer co-operative with a family of retail businesses including food retail, wholesale, e-pharmacy, insurance and legal services, and funeral care. The Co-operative Group has over 65,000 employees across the UK and over 2,500 food and convenience stores. (2) The tenant has an option to extend the lease by ten years - please see the legal pack for further detail.
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.
---Edozo-RZD-128x72.jpg)
---Edozo-RZD.jpg){kind=link}