9-10 High Street Dingwall Highland IV15 9HL

9-10 High Street
Dingwall
Highland
IV15 9HL

Town Centre Heritable Retail Investment

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
Auction Venue
Live Streamed Auction

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Town Centre Heritable Retail Investment

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

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

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.