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BOOTS INVESTMENT - TOWN CENTRE SALTCOATS - NEW 10yr LEASE - NO BREAKS

For sale: POA|4888 Sq Ft|Residential, Retail, Leisure, Office, Retail - High Street, Healthcare, Offices, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
SIZE4888 Sq Ft
ADDRESSBoots the Chemists Ltd, 77-79 Dockhead Street, Saltcoats, North Ayrshire, KA21 5ED
TYPEResidential, Retail, Leisure, Office, Retail - High Street, Healthcare, Offices, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON16th August 2020

DESCRIPTION

Substantial Town Centre Building
Ground & 1st Floor
Let to Boots Properties Limited
10yr Lease (No Breaks)
Expiry September 2029
Rent Review: September 2024
Passing Rent: £31,500p.a
Price: £395,000

Location

The subjects are located on the North side of Dockhead Street at its junction with Windmill Street, Chapelwell St and Hamilton Street within the town centre of Saltcoats. Saltcoats is located within the “Three Towns” area of North Ayrshire, which includes Ardrossan and Stevenston with a combined population in excess of 33,000persons. The town lies on the A78 road extending North to Largs (13miles), South to Irvine (10miles) and beyond to Ayr (10miles).

The subjects are situated in a mixed commercial and residential area, with a variety of occupiers such as Bank of Scotland, Betfred, Vapourized, Public Car Park, Post office, Ladbrokes, Windmill Leisure Centre, T.S.B, Wetherspoons.

Property

The property comprises a substantial ground floor retail unit set within a larger 2 storey development of traditional construction surmounted by a flat roof overlaid in felt. Access to the property is gained via a double door flanked by twin display windows of aluminium framed glazed construction.

Internally the property is fitted out in accordance with Boots pharmacy corporate specification with partitions erected to form private consultation room, dispensary, staff room, store and w.c. facilities. Access to the upper floor is gained by way of a single staircase offering further storage space and w.c. facilities.

Area

The property has been calculated to offer the following floor areas;

Ground: 408.55sqm (4,398sq ft)
1st Floor: 45.53sqm (490sq ft)

Executive Summary

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

Tenant: Boots Properties Ltd
Expiry: September 2029
Passing Rent: £31,500per annum
Rent Review: September 2024
Further Info: The tenant has recently agreed to a new 10year lease without break options as a sign of their confidence in the location and market, having been in-situ for a number of years prior.

Price

Our client would dispose of their freehold interest for £395,000

V.A.T

Figures quoted are exclusive of V.A.T

Legal Costs

Each party will be responsible for their own legal costs incurred in connection with this transaction.

Energy Performance Certificate

A copy of the EPC can be provided on request.

Lease & Title

Available on request

LOCATION

Location: Boots the Chemists Ltd, 77-79 Dockhead Street, Saltcoats, North Ayrshire, KA21 5ED

Ardrossan South Beach (0.8 miles)

Ardrossan Town (0.9 miles)

Ardrossan Harbour (1.3 miles)

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