Located in the main retailing pitch in Dingwall town centre
Let to Boots UK Limited
New 10 year lease from September 2019
Prescriptions dispensed 7,400 (for the month of March 2020) (source: NHS Prescribing)
Neighbouring occupiers include Bank of Scotland, Ladbrokes and Specsavers
Lot 19
Auction 9th July 2020
Rent £36,240 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
15 miles north west of Inverness
Roads
A835
A9
Rail
Dingwall Railway station
Air
Inverness Airport
Situation
Dingwall, located 15 miles north west of Inverness is the main administrative hub for Ross-shire and has a population of circa 5,500. Dingwall is approximately 15 miles north west of Inverness which is the main administrative centre for the Highlands and Islands. The property is situated on the south side of Dingwall High Street, at the junction with Tulloch Street. Neighbouring occupiers include Bank of Scotland, Ladbrokes and Specsavers
Tenure
Heritable.
Location
Miles
15 miles north west of Inverness
Roads
A835
A9
Rail
Dingwall Railway station
Air
Inverness Airport
Situation
Dingwall, located 15 miles north west of Inverness is the main administrative hub for Ross-shire and has a population of circa 5,500. Dingwall is approximately 15 miles north west of Inverness which is the main administrative centre for the Highlands and Islands. The property is situated on the south side of Dingwall High Street, at the junction with Tulloch Street. Neighbouring occupiers include Bank of Scotland, Ladbrokes and Specsavers
Tenure
Heritable.
Description
The property comprises a two storey retail premises with retail sales at ground floor with staff/ancillary accommodation at first floor. Boots operate a pharmacy from the property. For the month of March 2020 the pharmacy dispensed 7,400 items which is typical as a monthly level of items dispensed from this location.
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald (07718 899 341)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a two storey retail premises with retail sales at ground floor with staff/ancillary accommodation at first floor. Boots operate a pharmacy from the property. For the month of March 2020 the pharmacy dispensed 7,400 items which is typical as a monthly level of items dispensed from this location.
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald (07718 899 341)
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Accommodation
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Floor
Retail Ancillary
299.89 sq m 213.77 sq m
(3,228 sq ft) (2,301 sq ft)
Boots UK Limited (1)
10 years from 06/09/2019 until 05/09/2029 on a full repairing and insuring lease (2) (3)
£36,240
06/09/2024
First Floor
Ancillary
40.41 sq m
(435 sq ft
Total
554.07 sq m
(5,964 sq ft)
£36,240
(1) For the year ending 31st August 2019, Boots UK Limited reported a turnover of 6,667,000,000, pre-tax profits of 217,000,000 and total shareholder funds of 2,110,000,000 (Source: Experian Group 16/06/2020). Boots is the largest pharmacy health and beauty chain in the UK and as at 31st August 2019 had 2,500 stores across the UK (Source: www.boots-uk.com/about-boots-uk/about-boots/boots-in-numbers/ 16/06/2020). (2) A new lease of 10 years was granted on 06/09/2019 at a rebased rent of 36,240 p.a.x. (3) On signing of their new lease in September 2019, Boots were granted a nine month rent free period expiring in June 2020.
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.
