Marischal Street, Peterhead, Aberdeenshire, AB42

Prime Location
4,090sq ft
Let To Clinton Cards
Expiry June 2029
Passing Rent: £18,000p.a
Sale: £180,000

Location

The property is situated on the pedestrianised precinct within the main commercial thoroughfare within the town of Peterhead.

Peterhead is located approximately 32 miles north of Aberdeen on the A92 linking through to Fraserburgh.  The town has a resident population of circa 24,000 persons and enjoys a strong catchment given the drive time to Aberdeen.  Traditionally focused on the fishing industry, Peterhead acts as a major service centre for the fishing, oil and gas industry.


Property

The property comprises a 2 storey commercial development offering a prominent aluminium framed and glazed frontage with dual double entrance doors leading to an open plan display area.

Internally the property offers retailing space at ground floor with stores, w.c and office at first floor

Area

The property has been calculated to extend to the following approximate areas:

Ground: 277.5sqm (2,987sq ft)
1st: 102.5sqm (1,103sq ft)

Total: 380sqm (4,090sq ft)

NAV/RV

£33,250

Lease Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Esquire Retail Ltd t/a Clinton Cards
Expiry: 28th June 2029
Tenant Break: 28th June 2027 (in the event the tenant does not exercise their break option they will be granted a 3 month rent free period)
Passing Rent: £18,000p.a.

Sale

The property is available on a freehold basis for £180,000

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

V.A.T.

Figures quoted exclusive of V.A.T

E.P.C

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Title

Available on request

A.M.L

In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time