Let to M&Co Trading Ltd (t/a M&Co) on a new 5 year lease (1)
Rebased rent of £18,000 p.a.x.
Comprises approximately 621.60 sq m (6,691 sq ft)
Town Centre location close to seafront
Nearby occupiers include McColl's Royal Mail, and various independent shops, cafe's, restaurants and hotels
Lot 28
Auction 25th March 2021
Rent £18,000 per Annum Exclusive
Status Sold
Price £151,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
20 miles west of Fraserburgh
45 miles north-west of Aberdeen
Roads
A97, A98, A947
Rail
Elgin Railway Station (34 miles west)
Air
Aberdeen Airport
Situation
Banff is a coastal town in Scotland, located approximately 20 miles west of Fraserburgh and 45 miles north-west of Aberdeen. The property is situated on a prominent corner position on the east side of High Street, at it's junction with Strait Path, less than 0.2 miles to Banff Bay beach. Nearby occupiers include McColl's Royal Mail, and various independent shops, cafe's, restaurants and hotels.
Tenure
Heritable. Scottish Equivalent of English Freehold.
Location
Miles
20 miles west of Fraserburgh
45 miles north-west of Aberdeen
Roads
A97, A98, A947
Rail
Elgin Railway Station (34 miles west)
Air
Aberdeen Airport
Situation
Banff is a coastal town in Scotland, located approximately 20 miles west of Fraserburgh and 45 miles north-west of Aberdeen. The property is situated on a prominent corner position on the east side of High Street, at it's junction with Strait Path, less than 0.2 miles to Banff Bay beach. Nearby occupiers include McColl's Royal Mail, and various independent shops, cafe's, restaurants and hotels.
Tenure
Heritable. Scottish Equivalent of English Freehold.
Description
The property comprises a four storey building, arranged as a ground floor shop, with ancillary accommodation on the basement, first and second floors.
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald (0771 8899 341)
EPC
Available from the legal pack at www.acuitus.co.uk.
Description
The property comprises a four storey building, arranged as a ground floor shop, with ancillary accommodation on the basement, first and second floors.
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald (0771 8899 341)
EPC
Available from the legal pack at www.acuitus.co.uk.
(1) Under the terms of the lease, the tenant benefits from an option to determine the lease on the third anniversary of the term (upon six months written notice) (2) M&Co was founded in 1834 and operate from over 300 stores. M&Co employs over 3,900 staff members (mandco.com 24/02/2021).
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.
