Heritable Supermarket Investment
Heritable Supermarket Investment
Alexandria is a popular market town located some 18 miles north-west of Glasgow. The property is prominently situated in the heart of the town centre at the entrance to the pedestrianised retail zone. Neighbouring occupiers include Savers, M&Co, Boots, Bank of Scotland and Co-op.
Heritable. (Scottish equivalent of freehold)
Alexandria is a popular market town located some 18 miles north-west of Glasgow. The property is prominently situated in the heart of the town centre at the entrance to the pedestrianised retail zone. Neighbouring occupiers include Savers, M&Co, Boots, Bank of Scotland and Co-op.
Heritable. (Scottish equivalent of freehold)
The property comprises a substantial retail building together with a smaller retail unit (2). The property benefits from a rear service yard with loading and car parking.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a substantial retail building together with a smaller retail unit (2). The property benefits from a rear service yard with loading and car parking.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First Ground First |
Retail/Ancillary Ancillary Retail Ancillary |
644.07 sq m 755.83 sq m 186.97 sq m 177.37 sq m |
(7,148 sq ft) (8,136 sq ft) (2,013 sq ft) (1,909 sq ft) |
ICELAND FOODS LIMITED (1) |
15 years from 30/01/2009 on a full repairing and insuring lease |
£95,000 | 29/01/2024 |
| Total |
1,764.24 sq m |
(19,206 sq ft) |
£95,000 | ||||
(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, a pre-tax profit of £67,300,000 and a total net worth of £784,100,000 (Source: Experian Group 11/4/2018).
(2) The tenant does not currently occupy the smaller retail unit.
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