Prominent Corner Location
Private Car Park To The Front
2,116sq ft
Let To Chest Heart & Stroke
Expiry 20th March 2030
Passing Rent: £35,000p.a Increasing to £38,000p.a. in 2025
Sale: £440,000
Location
The property is situated on the east side of north street within the town of Inverurie. The town of Inverurie is the administrative capital of Aberdeenshire and is situated in the north east of Scotland approximately 18 miles to the north west of Aberdeen. The town has excellent communication links, adjacent to the A96 trunk road, benefits from a main railway line between Aberdeen and Inverness providing access to the major Scottish cities and the wider rail network. In addition, Aberdeen Airport is located approximately 11 miles from Inverurie.
The town has a population of approximately 14,000 with a wider catchment population in the region of 70,000. The town has a vibrant town centre, an attractive market square and is known for its wealthy hinterland.
Neighbouring occupiers include the Co-Op, The Droughty Laird and Starlight.
Property
The property comprises a single storey, end terrace retail unit set within a larger commercial parade surmounted by a flat roof overlaid in felt, with dedicated parking to the front elevation with an access and service area to the rear of the development.
Offering a prominent frontage facing onto North Street and display space onto Blackhall Road, the property is in an “unmissable” location adjacent to the main road.
The property offers a large display frontage comprising 3 display windows and double door entrance, all of aluminium framed and glazed construction, internally the property is fitted out in accordance with the former tenants corporate specifications. Floors have been overlaid in concrete with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. Partitions have been erected in the the property to form rear storage area comprising w.c. facilities, store, and staff area.
Area
The property has been measured on a net internal area basis and calculated to extend to the following floor area;
Ground: 196.62sqm (2,116sq ft)
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms
Tenant: Chest Heart & Stroke Association Scotland Ltd
Expiry: 20th March 2030
Passing Rent: £35,000per annum
Rent increase: £38,000per annum from March 2025
Tenant Break: 22nd March 2028
Sale
Our client would dispose of their freehold interest for a fixed price of £440,000
V.A.T
Figures quoted are exclusive of V.A.T
E.P.C.
Available on request
Title
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business