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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

7,693sq ft Original Factory Shop Ltd sold tenanted with Rent: £26,192p.a. until at least Expiry of 11th July 2026. (Opportunity To Re-Gear) Tenant Break: 21st July 2024 (Not exercised).

For the year ending 27th March 2022, The Factory Shop Limited reported a turnover of £124,409,000, a pre-tax profit of £1,460,000, shareholders’ funds of £14,351,000 and a net worth of £14,351,000

The property extends to the following net internal area; Ground Floor: 714.69sqm (7,693sq ft) The property is held on full repairing and insuring head lease with schedule of condition

PROMINENT POSITION within High Footfall location. Situated on the south side of High Street, at its junction with Perth Street within the town centre of Blairgowrie in Perthshire.

EXTREMELY HIGH DEMAND LOCATION CLOSE TO A NUMBER OF NATIONAL RETAILERS within thriving town centre. IDEAL CITY CENTRE POSITION.

The property comprises a substantial corner commercial unit of traditional construction surmounted by a pitched roof with large extension surmounted by a flat roof. The rear of the demise is accessible externally via the common lane offering ample loading and unloading space. Offering a multi-window display frontage, the property is accessed via a double door entrance leading to an open plan retail area. Internally the space has been decorated in accordance with the tenants corporate specifications, floors have been overlaid in laminated timber, with lighting provided by way of fluorescent and L.E.D. panels recessed within the suspended acoustic tile ceiling. Heating and cooling is provided by way of air conditioning units mounted along the perimeter walls. To the rear of the demise, partitions have been erected to form large storage and loading area, staff tea prep and manager office. The property extends to the following net internal area; Ground Floor: 714.69sqm (7,693sq ft) The property is held on full repairing and insuring head lease with schedule of condition on the following terms Tenant: Original Factory Shop Ltd Expiry: 11th July 2026 Tenant Break: 21st July 2024 (Not exercised) Passing Rent: £26,192p.a. Further: For the year ending 27th March 2022, The Factory Shop Limited reported a turnover of £124,409,000, a pre-tax profit of £1,460,000, shareholders’ funds of £14,351,000 and a net worth of £14,351,000

The property is situated on the south side of High Street, at its junction with Perth Street within the town centre of Blairgowrie in Perthshire. Blairgowrie is an affluent rural town located 19 miles north- west of Dundee. The property is located in the heart of the town centre on Allan Street, at its junction with High Street. Nearby occupiers include T.S.B Bank, Perth St Post Office, R. Doig & Sons and Bank of Scotland.

Full Address: 66-68 High St, Original Factory Shop, Blairgowrie, PH10 6DA

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Map & Location

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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Expiry 2026
Rent: £26,192 per year / £2,183 per month
Yield: 16% (approx)
Tenant: Company
Notes: Well Established Tenant Held on F.R.I Lease Expiry 2026 Opportunity To Re-Gear

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Pricing Information & Bidding

Opening Bid: £162,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 24 April 2025, 10am-3pm
Type: Timed Online Auction

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