Co-operative Food 1 Mounthooly Way Aberdeen AB24 3ER

Co-operative Food
1 Mounthooly Way
Aberdeen
AB24 3ER

Heritable Supermarket Investment

Ground floor supermarket let to Co-operative Group Food Limited until October 2036 (No Breaks)
Tenant has an Option to Extend the Lease by Ten Years
Prominent location close to Mounthooly roundabout and one of the main routes between the City Centre and Old Aberdeen
Modern Convenience store unit with on-site car parking redeveloped in 2021
Currently producing £63,000 p.a.x. with CPI uplifts (3% cap and 1% collar)

Lot
51
Auction
21st September 2023
Rent
£63,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Heritable Supermarket Investment

Ground floor supermarket let to Co-operative Group Food Limited until October 2036 (No Breaks)
Tenant has an Option to Extend the Lease by Ten Years
Prominent location close to Mounthooly roundabout and one of the main routes between the City Centre and Old Aberdeen
Modern Convenience store unit with on-site car parking redeveloped in 2021
Currently producing £63,000 p.a.x. with CPI uplifts (3% cap and 1% collar)

Lot 51
Auction 21st September 2023
Rent £63,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 56 miles north of Dundee
Roads: A96, A92
Rail: Aberdeen Railway Station
Air: Aberdeen Airport

Situation

Aberdeen is recognised globally as a centre of excellence for the oil, gas and energy sectors. As the third largest city in Scotland, with a population of approximately 225,000, Aberdeen has a regional catchment of over 500,000 people.

The property is prominently located at the junction of King's Crescent and Mounthooly Way just north of Aberdeen City Centre, in close proximity to the University of Aberdeen, First Group and ASV Aberdeen Sports Village.

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Location

Miles: 56 miles north of Dundee
Roads: A96, A92
Rail: Aberdeen Railway Station
Air: Aberdeen Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold)

Description

The property comprises a ground floor supermarket with car parking. The upper floors of the property are being offered for sale separately as Lot 52.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor supermarket with car parking. The upper floors of the property are being offered for sale separately as Lot 52.

VAT

VAT is 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.	Rent Review
Ground	Retail/Storage/Ancillary	325.16 sq m	(3,500 sq ft)	CO-OPERATIVE GROUP FOOD LIMITED (1)	15 years from 20/10/21 to 19/10/36 on FRI terms (2)	£63,000	20/10/2026 & 20/10/2031
Total		325.16 sq m	(3,500 sq ft)			£63,000

(1) Co-operative Group Limited is a British consumer co-operative with a family of retail businesses including food retail, wholesale, e-pharmacy, insurance and legal services, and funeral care. The Co-operative Group has over 65,000 employees across the UK and over 2,500 food and convenience stores.
(2) The tenant has an option to extend the lease by ten years - please see the legal pack for further detail.

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.