Tesco, 90A Henderson Street Bridge of Allan Nr Stirling FK9 4HP

Tesco, 90A Henderson Street
Bridge of Allan
Nr Stirling
FK9 4HP

Heritable Retail Investment

  • Let to Tesco Stores Limited on a new 20 year FRI Lease until 2031 (subject to option)
  • Guaranteed Rental Increases with Rent Reveiws to RPI (subject to a minimum of 1% and a maximum of 4%)
  • Attractive and affluent historic spa town
  • 14 car parking spaces
  • The property is held in a Single Asset Company which could be available by separate negotiation
  • Nearby occupiers include Royal Bank of Scotland, Lloyds Pharmacy and Lloyds TSB Scotland
  • Lot
    36
  • Auction
    10th July 2012
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Supermarket
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Let to Tesco Stores Limited on a new 20 year FRI Lease until 2031 (subject to option)
  • Guaranteed Rental Increases with Rent Reveiws to RPI (subject to a minimum of 1% and a maximum of 4%)
  • Attractive and affluent historic spa town
  • 14 car parking spaces
  • The property is held in a Single Asset Company which could be available by separate negotiation
  • Nearby occupiers include Royal Bank of Scotland, Lloyds Pharmacy and Lloyds TSB Scotland
  • Lot 36
  • Auction 10th July 2012
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Supermarket
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
3.8 miles north of Stirling 31 miles north-east of Glasgow
Roads
M9, A9, A84, A91
Rail
Bridge of Allan
Air
Glasgow Airport, Edinburgh Airport
Situation

The attractive and highly affluent spa town of Bridge of Allan is home to Stirling University and is a popular Edinburgh and Glasgow commuter town. The property is prominently located on the south side of Henderson Street, the town’s primary retail thoroughfare.

Tenure

Heritable.

Location
Miles
3.8 miles north of Stirling 31 miles north-east of Glasgow
Roads
M9, A9, A84, A91
Rail
Bridge of Allan
Air
Glasgow Airport, Edinburgh Airport
Situation

The attractive and highly affluent spa town of Bridge of Allan is home to Stirling University and is a popular Edinburgh and Glasgow commuter town. The property is prominently located on the south side of Henderson Street, the town’s primary retail thoroughfare.

Tenure

Heritable.

Description

The property comprises a ground floor retail unit benefiting from a car park accommodation, some 14 car parking spaces.

Note
Sainsburys offered to lease this unit for a rent of £55,000 per annum exclusive, however the Vendor signed this lease with Tesco as they committed to undertake a substantial amount of additional development works amounting to an estimated £100,000 of additional capital expenditure beyond their standard fit out.

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 retail unit benefiting from a car park accommodation, some 14 car parking spaces.

Note
Sainsburys offered to lease this unit for a rent of £55,000 per annum exclusive, however the Vendor signed this lease with Tesco as they committed to undertake a substantial amount of additional development works amounting to an estimated £100,000 of additional capital expenditure beyond their standard fit out.

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) Tenant Term Rent p.a.x Reviews
Ground
Retail
369.50 sq m
(3,977 sq ft)
TESCO STORESLIMITED (1) 20 years from 2nd November 2011
until 2031 (2)
£50,000 2nd November
2016
Totals  
369.50 sq m
(3,977 sq ft)
    £50,000

(1) For the year ending 26th February 2011 Tesco Stores Limited reported a turnover of £40,149,000,000., pre-tax profits of £2,243,000,000 and a net worth of £6,954,000,000. (Source: www.riskdisk.com)
(2)The lease provides for a tenant option to determine the lease on the expiry of the 10th year subject to 12 months written notice and a penalty equivalent to 12 months rent.

Property Documents

  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    143 KB
    View PDF
  • Site Plan
    Updated Date
    23.09.15
    File Size
    29 KB
    View PDF
  • Site Map
    Updated Date
    23.09.15
    File Size
    222 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mark SymondsMark Symonds +44 (0)20 7034 4858 mark.symonds@acuitus.co.uk
Associate Auctioneers
GL Hearn 16 Gordon Street
Glasgow
G1 3PT
Alex Burnett 0141 226 8214alex.burnett@glhearn.com
Seller's Solicitors
Warners Solicitors 26 George Square
Edinburgh
EH8 9LD
John Cumming 0131 668 0405jcumming@warnersllp.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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