5 Cluny Square Buckie Moray AB56 1AH

5 Cluny Square
Buckie
Moray
AB56 1AH

Heritable VAT Free Bank Investment

VAT-Free Bank Investment
Whole building let to TSB Bank PLC until 2026 (Subject to option)
First floor sublet to local restaurant
Located in main retailing street in the popular coastal town
Nearby occupiers include Ladbrokes, Right Medicine Pharmacy, Subway and various independent retailers and cafes.

Lot
34
Auction
18th May 2022
Rent
£20,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Heritable VAT Free Bank Investment

VAT-Free Bank Investment
Whole building let to TSB Bank PLC until 2026 (Subject to option)
First floor sublet to local restaurant
Located in main retailing street in the popular coastal town
Nearby occupiers include Ladbrokes, Right Medicine Pharmacy, Subway and various independent retailers and cafes.

Lot 34
Auction 18th May 2022
Rent £20,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Bank
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: Keith Railway Station (21 miles south)
Air: Inverness Airport (48 miles west)

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 south side of Cluny Square in Buckie town centre. Cluny Square benefits from on street car parking. Nearby occupiers include Ladbrokes, Right Medicine Pharmacy, Subway and various independent retailers 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: Keith Railway Station (21 miles south)
Air: Inverness Airport (48 miles west)

Situation

Tenure

Heritable. Scottish Equivalent of English Freehold

Description

The property comprises a modern two storey building, arranged as a ground floor banking hall with ancillary accommodation to the rear. The first floor is accessed separately from Cluny Square and is in restaurant use.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground First	Banking Hall Restaurant	157.60 sq m 127.00 sq m	1,696 sq ft 1,367 sq ft	TSB Bank PLC (1)	5 years from 19/01/2021 on Full Repairing and Insuring Lease (2)	£20,000	18/01/2026
Total		284.60 sq m	3,063 sq ft			£20,000

(1) 1) TSB is part of the Spanish banking group Sabadell that offers full service banking to more than five million customers (Source: www.tsb.co.uk). For the year ending 31/12/2020 TSB Bank Plc reported a turnover of £1,064,000,000, pre-tax profits of £-156,200,000 and total shareholders equity of £1,724,900,000 (Source: NorthRow 12/12/2021).
(2) Rolling tenant break option from 18/01/2023 on 6 months' notice .

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.