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Retail Investment with Additional Land, Cooperage Row, Inveraray, PA32 8UQ
4,442 Sq Ft / Retail / Investment
Sold - Last updated: 30 April 2024
Retail investment with additional land capable of further retail development subject to planning.
The property has been purpose-built for the tenants, Co-op Food Stores Ltd and is currently 7 years old.
Location
Inveraray is located on the A83 between Glasgow and Lochgilphead, on the west side of Loch Fyne.
The subjects are situated on the edge of the town adjacent to a free public car park.
Accommodation
The property comprises a purpose-bullt store extending to approximately 412.67 sq m (4,442 sq ft). The building sits within an area extending to 0.46 Ha (1.14 acres) which includes additional land capable of further development.
Terms
15 year FRI lease from 15 February 2016 with an option to extend for a further 10 year period. The initial rent was £XXX per annum which was reviewed in 2021 to £XXX per annum by refernce to an RPI formula.
Rent reviews are determined by reference to the RPI index with a cap at 4% and a collar at 1%. The next review is due at 15 February 2026.
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