34 High Street Banff Moray AB45 1AN

34 High Street
Banff
Moray
AB45 1AN

Prominent Heritable Retail Investment

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
Auction Venue
Live Streamed Auction

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Prominent Heritable Retail Investment

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

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.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second Basement	Retail Retail Ancillary Ancillary	260.40 sq m 134.80 sq m 81.40 sq m 145.00 sq m	(2,803 sq ft) (1,451 sq ft) (876 sq ft) (1,561 sq ft)	M&CO TRADING LIMITED (2) t/a M&Co	04/08/2020 to 03/08/2025 (1)	£18,000
Total		621.60 sq m	(6,691 sq ft)			£18,000

(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.