5 East Church Street Buckie Aberdeenshire AB56 1EX

5 East Church Street
Buckie
Aberdeenshire
AB56 1EX

Heritable Retail Investment

To be let to M&Co Trading Ltd (t/a M&Co) on a new 5 year lease (1)
Rebased rent of £20,000 p.a.x.
Extensive property of 1,001.80 sq m (10,784 sq ft)
Located on main retailing street in the popular coastal town
Nearby occupiers include Co-operative Food,
Bank of Scotland, Subway and various independent retailers, pubs and cafes

Lot
29
Auction
25th March 2021
Rent
£20,000 per Annum Exclusive
Status
Sold
Price
£162,000
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

Heritable Retail Investment

To be let to M&Co Trading Ltd (t/a M&Co) on a new 5 year lease (1)
Rebased rent of £20,000 p.a.x.
Extensive property of 1,001.80 sq m (10,784 sq ft)
Located on main retailing street in the popular coastal town
Nearby occupiers include Co-operative Food,
Bank of Scotland, Subway and various independent retailers, pubs and cafes

Lot 29
Auction 25th March 2021
Rent £20,000 per Annum Exclusive
Status Sold
Price £162,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 52 miles east of Inverness; 57 miles north-west of Aberdeen
Roads: A95, A96, A941
Rail
Air: Inverness Airport

Situation

Buckie is a coastal town in Scotland, approximately 52 miles east of Inverness and 57 miles north-west of Aberdeen. The property is located on the north side of East Church Street, less than half a mile from the coast. Nearby occupiers include Co-operative Food, Bank of Scotland, Subway and various independent retailers, pubs and cafes.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 52 miles east of Inverness; 57 miles north-west of Aberdeen
Roads: A95, A96, A941
Rail
Air: Inverness Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a two storey building, arranged as a ground floor shop, with ancillary accommodation the basement, first and second floors.

VAT

VAT is not 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 two storey building, arranged as a ground floor shop, with ancillary accommodation the basement, first and second floors.

VAT

VAT is not 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 Ancillary Ancillary Ancillary	494.20 sq m 162.30 sq m 182.80 sq m 162.50 sq m	(5,320 sq ft) (1,747 sq ft) (1,968 sq ft) (1,749 sq ft)	M&Co TRADING LIMITED (2) t/a M&Co	04/08/2020 to 03/08/2025 (1)	£20,000
Total		1,001.80 sq m	(10,784 sq ft)			£20,000

(1) Tenant 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.