14/16 Erroll Street Peterhead Aberdeenshire AB42 1PX

14/16 Erroll Street
Peterhead
Aberdeenshire
AB42 1PX

Heritable Retail Investment

Let to M&Co Trading Ltd (t/a M&Co) at a rebased rent of £25,000 p.a.x.
Two buildings interconnected comprising approximately 669.77 sqm (7,204 sqft)
Town Centre location benefitting from on street car parking
Nearby occupiers include Farmfoods, Argos,
Card Factory, BrewDog and Aberdeen Council
VAT free investment

Lot
38
Auction
25th March 2021
Rent
£25,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Heritable Retail Investment

Let to M&Co Trading Ltd (t/a M&Co) at a rebased rent of £25,000 p.a.x.
Two buildings interconnected comprising approximately 669.77 sqm (7,204 sqft)
Town Centre location benefitting from on street car parking
Nearby occupiers include Farmfoods, Argos,
Card Factory, BrewDog and Aberdeen Council
VAT free investment

Lot 38
Auction 25th March 2021
Rent £25,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 17 miles south-east of Fraserburgh; 29 miles north-east of Aberdeen
Roads: A90
Rail: Aberdeen Railway Station
Air: Aberdeen Airport

Situation

Peterhead is a coastal town located approximately 17 miles south-east of Fraserburgh and 29 miles north-east of Aberdeen. The property is located on the north side of Erroll Street, a continuation of the main retail street in the town. Nearby occupiers include Farmfoods, Superdrug, Argos, Card Factory, BrewDog and Aberdeen Council.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 17 miles south-east of Fraserburgh; 29 miles north-east of Aberdeen
Roads: A90
Rail: Aberdeen Railway Station
Air: Aberdeen Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises two properties connected at ground and first floors. With retail sales at ground and first floors, there is ancillary, stock and staff areas at second floor.

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Archibald (0771 8899 341)

EPC

D. See legal pack at www.acuitus.co.uk.

Description

The property comprises two properties connected at ground and first floors. With retail sales at ground and first floors, there is ancillary, stock and staff areas at second floor.

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Archibald (0771 8899 341)

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Attic	Retail sales Retail sales Ancillary	383.22 sq m 190.26 sq m 95.78 sq m	(4,125 sq ft) (2,048 sq ft) (1,031 sq ft)	M&CO TRADING LIMITED (2)	04/08/2020 to 03/08/2025(1)	£25,000
Total		669.77 sq m	(7,204 sq ft)			£25,000

(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.