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Status Withdrawn Post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
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
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
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.
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.
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