Heritable Retail Investment
Heritable Retail Investment
The property occupies a prominent and busy position on the north side of Main Street, at the centre of the town. Nearby occupiers include Bank of Scotland, Iceland and Specsavers with Savers, Boots Opticians and JD Wetherspoon also represented in the town.
Heritable.
The property occupies a prominent and busy position on the north side of Main Street, at the centre of the town. Nearby occupiers include Bank of Scotland, Iceland and Specsavers with Savers, Boots Opticians and JD Wetherspoon also represented in the town.
Heritable.
The property comprises a double frontage ground floor unit shop with ancillary accommodation to the rear in an extension building.
VAT is applicable to this lot.
Please contact Mhairi Archibald (0771 8899341)
See legal pack at www.acuitus.co.uk
The property comprises a double frontage ground floor unit shop with ancillary accommodation to the rear in an extension building.
VAT is applicable to this lot.
Please contact Mhairi Archibald (0771 8899341)
See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground |
Retail andancillary | 707.92 sq m |
(7,620 sq ft) |
MERIDIAN REALISATION LIMITED (FORMERLY MACKAYS STORES LIMITED IN ADMINISTRATION)(1)) |
10 years from 13/02/2018 TO 12/02/2028 (2) |
£50,600 | |
| Total |
707.92 sq m |
(3,060 sq ft) |
£50,600 | ||||
(1) On 4 August 2020, Michael John Magnay and Gavin George Scott Park both of Deloitte LLP were appointed as joint administrators of the tenant, which is now known as Meridian Realisations Limited in Administration. On 4 August 2020, a licence to occupy was granted to M&Co Trading Limited (the entity which purchased the business and assets from Meridian Realisations Limited in Administration). Please refer to the letter from Deloitte LLP dated 12 August 2020 attached to this sale extract and enclosed with the auction pack for further details.
(2) the lease is subject to a Schedule of Condition
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.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
