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For SalePOA

Investment For Sale: M&Co. 13-15 Broad Street, Fraserburgh AB43

Retail
Property type: Retail
Tenure: Investment Opportunity
Price: POA
Location: 13 Broad Street, AB43 9AE
• Prime Retail Investment in Town Centre with 0 Vacancies
• Lease Extension to 2022
• £345,000 with NIY of 8.7%
• Ground and First Floor extending to 3,570sq ft
• Off Market Opportunity

Subjects
The subject comprise a ground and first floor retail unit overlaid by a pitched slate roof to the front and a flat roof to the rear. The subjects are located within the central retail parade in Fraserburgh. Internally the subjects have been fitted out to a very high standard in accordance with the corporate branding and designs of the tenants further 300 stores nationwide.

Tenancy Information
The subjects are let to Mackays Stores Ltd, trading as M&Co on a F.R.I lease with a lease extension from 24/6/17 for a further 5 years at an agreed passing rent of £30,000per annum. The tenants have been in situ since 1988 with several lease extensions during that term.

Mackays Stores ltd announced plans to open a further 75 stores over the next 5 years following announcement of sales increase to £165.6m for the year end Feb 16’
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