Timed Online Auction

12 March 2021, 10am-4pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 36-40 High Street, Boots Investment, Alloa, Clackmannanshire, FK10 1JE

PRIME BOOTS INVESTMENT 10 Year FRI Lease at 45,000 (Re-based from 70k pa) Highly prominent town centre two storey retail unit. Full Building. LET TO BOOTS PROPERTIES LTD on FRI LEASE. Substantial Sized unit with an IMMEDIATE RENTAL INCOME OF 45,000 PER ANNUM.

Let to Boots Properties Limited on 10 year FRI lease until September 2029. Passing Rent 45,000 PER ANNUM. FULL BUILDING with PROMINENT FRONTAGE on to BUSY High Street.

IDEAL SIZE for BOOTS. Extremely well-positioned property within HIGH FOOTFALL commercial location. Approx. 5,589sq ft. PERFECT SIZE AND LOCATION FOR BOOTS.

Nearby occupiers include Costa coffee, Greggs, Well Pharmacy, Baynes Bakers and TSB BANK. PERFECT INVESTMENT WITH IMMEDIATE RENTAL RETURN.

Situated on the west side of High Street, south of its junction with Drysdale Street and north of its junction with Mill Street within the town of Alloa.

Highly prominent TOWN CENTRE two storey retail unit. LET TO BOOTS PROPERTIES LIMITED. Substantial Sized unit with an IMMEDIATE RENTAL INCOME OF 45,000 PER ANNUM. Let to Boots Properties Limited on 10 year lease until September 2029. Passing Rent 45,000 PER ANNUM. FULL BUILDING with PROMINENT FRONTAGE on to BUSY High Street. IDEAL SIZE for BOOTS. Extremely well-positioned property within HIGH FOOTFALL commercial location. Approx. 5,589sq ft. Internally the property has been fitted out in accordance with Boots corporate specification. PROMINENT HIGH STREET TRADING POSITION within the town centre. Nearby occupiers include Costa coffee, Greggs, Well Pharmacy, Baynes Bakers and TSB BANK. Ground: 288.64sqm (3,107sq ft) 1st Floor: 230.6sqm (2,482sq ft) Total: 519.24sqm (5,589sq ft) Situated on the west side of High Street, south of its junction with Drysdale Street and north of its junction with Mill Street within the town of Alloa. PERFECT SIZE AND LOCATION FOR BOOTS

Alloa is located approximately nine miles east of Stirling and six miles north west of the Kincardine Bridge, offering excellent vehicular access to the M9 and M80 motorway networks which in turn leads to Edinburgh (40 miles) and Glasgow (25 miles). It is the principal town in Clackmannanshire and has a resident population of approximately 20,000 persons with a wider catchment area of 25,000. The Stirling-Alloa Railway line has recently re-opened providing excellent links between Kincardine and Stirling via Alloa. The new rail line has substantially improved access to and from the town which has benefitted the local economy enormously.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 2029
Rent: 45,000 per year / 3,750 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Let to Boots Properties Ltd 45,000 (Re-based from 70k pa). on 10 year lease until September 2029.

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Pricing Information & Bidding

Opening Bid: £412,500

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 12 March 2021, 10am-4pm
Type: Timed Online Auction

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