Alloa - 45 High Street.pub
46 Castle Street, Edinburgh EH2 3BN Tel: 0131 225 6612 Fax: 0131 225 5766
For Sale Retail Investment
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High Street Retail Investment
Viewing strictly by appointment with selling agents.
45 High Street Alloa FK10 1JF
Contact: Fraser Ramage Nick Armstrong
•
Telephone: 0131 225 6612
• • •
Highly prominent retail unit situated on Alloa’s principal retailing street Let to Anne-Marie Macklin trading as Smart Specs. Offers over £70,000. Attractive net initial yield of 10.52%
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 58866
[email protected] [email protected]
Leeds 0113 243 6777
Dundee 01382 227900
Location Alloa is located 12 miles north of Falkirk and 8 miles southeast of Stirling. It is the principal town in Clackmannanshire and has a resident population of 19,000 people. The subject property is located on the east side of the High Street with nearby occupiers including Boots Pharmacy, Alloa Kilt Hire and Well Pharmacy.
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Description The subjects comprise a ground floor retail unit within a traditional 3 storey building under a pitched and slated roof. The upper floors are in residential use and are under separate ownership. Internally the unit provides sales space to the front with storage, office and WC to the rear. Tenancy The subjects are let to Anne-Marie Macklin trading as Smart Specs on a lease which began in June 2011 and expired in June 2012. The tenant is currently on tacit relocation paying a rental of £7,500 per annum. As per the original lease terms, the tenant is required to give 2 months notice to terminate the lease. Accommodation NIA
300 sq..
ITZA
252
Tenure Outright ownership (Scottish equivalent of English freehold). Energy Performance Certificate The property has an EPC rating of F. A copy of the certificate is available on request. VAT We understand the property is not elected for VAT. Proposal We are instructed to seek offers in excess of £70,000 (exclusive of VAT) for the benefit of our clients’ outright ownership interest. A purchase at this level would reflect a net initial yield of 10.52% assuming purchasers costs based on Land Building and Transaction Tax (LBTT). Viewing and Further Information By contacting Ryden:
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Fraser Ramage [email protected] Nick Armstrong [email protected] Publication Date: Sept 2015
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Ryden is a limited liability partnership regi stered in Scotland. Messrs Ryden for the mselves and for vendors or lessors of thi s property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intende d purchasers or lessees, and do not constit ute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to con dition and necessary permissions for use and occupati on, an d other details are given without responsibility and any int ending purchasers or tenants should not rely on them as statements or representati ons of fact but must satisfy themselves by inspection or other wise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representati on or warranty whatever in relation to t his property.
For Sale Retail Investment
41
45
47
High Street Retail Investment
Viewing strictly by appointment with selling agents.
45 High Street Alloa FK10 1JF
Contact: Fraser Ramage Nick Armstrong
•
Telephone: 0131 225 6612
• • •
Highly prominent retail unit situated on Alloa’s principal retailing street Let to Anne-Marie Macklin trading as Smart Specs. Offers over £70,000. Attractive net initial yield of 10.52%
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 58866
[email protected] [email protected]
Leeds 0113 243 6777
Dundee 01382 227900
Location Alloa is located 12 miles north of Falkirk and 8 miles southeast of Stirling. It is the principal town in Clackmannanshire and has a resident population of 19,000 people. The subject property is located on the east side of the High Street with nearby occupiers including Boots Pharmacy, Alloa Kilt Hire and Well Pharmacy.
41
Description The subjects comprise a ground floor retail unit within a traditional 3 storey building under a pitched and slated roof. The upper floors are in residential use and are under separate ownership. Internally the unit provides sales space to the front with storage, office and WC to the rear. Tenancy The subjects are let to Anne-Marie Macklin trading as Smart Specs on a lease which began in June 2011 and expired in June 2012. The tenant is currently on tacit relocation paying a rental of £7,500 per annum. As per the original lease terms, the tenant is required to give 2 months notice to terminate the lease. Accommodation NIA
300 sq..
ITZA
252
Tenure Outright ownership (Scottish equivalent of English freehold). Energy Performance Certificate The property has an EPC rating of F. A copy of the certificate is available on request. VAT We understand the property is not elected for VAT. Proposal We are instructed to seek offers in excess of £70,000 (exclusive of VAT) for the benefit of our clients’ outright ownership interest. A purchase at this level would reflect a net initial yield of 10.52% assuming purchasers costs based on Land Building and Transaction Tax (LBTT). Viewing and Further Information By contacting Ryden:
45
Fraser Ramage [email protected] Nick Armstrong [email protected] Publication Date: Sept 2015
47
Ryden is a limited liability partnership regi stered in Scotland. Messrs Ryden for the mselves and for vendors or lessors of thi s property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intende d purchasers or lessees, and do not constit ute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to con dition and necessary permissions for use and occupati on, an d other details are given without responsibility and any int ending purchasers or tenants should not rely on them as statements or representati ons of fact but must satisfy themselves by inspection or other wise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representati on or warranty whatever in relation to t his property.
