Heritable Retail Investment
Heritable Retail Investment
The property is prominently situated on the east side of pedestrianised King Street as part of a canopied parad. There is loading to the rear of the property and public car parking. Neighbouring occupiers include WH Smith/Post Office, Ramsdens, Tui,, Boots, Marks and Spencer and River Island .
Heritable. Scottish Equivalent of English Freehold
The property is prominently situated on the east side of pedestrianised King Street as part of a canopied parad. There is loading to the rear of the property and public car parking. Neighbouring occupiers include WH Smith/Post Office, Ramsdens, Tui,, Boots, Marks and Spencer and River Island .
Heritable. Scottish Equivalent of English Freehold
The property comprises a ground floor retail unit with storage and staff areas at first floor. The property forms part of a larger retail parade. The retail unit is fitted out in the Card Factory corporate style and benefits from a fully glazed frontage.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with storage and staff areas at first floor. The property forms part of a larger retail parade. The retail unit is fitted out in the Card Factory corporate style and benefits from a fully glazed frontage.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
115.07 sq m 20.64 sq m |
1,238 sq ft 222sq ft |
SPORTSWIFT LIMITED (Trading as The Card Factory)(1) | FRI lease to 22nd March 2028(2) | £20,000 |
|
| TOTAL | 135.71 sq m |
1,461 sq ft |
(1) For the year ending 31/01/2022 Sportswift Limited reported Turnover £346,359,000 a Pre-Tax Profit of £29,104,000 and a Net Worth of £56,657,000 (NorthRow 23/06/2023).
(2) There is a tenant break option on 23/03/2026. Please see the legal pack for further information.
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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