The subjects comprise a retail unit on the ground floor of a two-storey building of brick construction with a pitched and tiled roof. The premises have a single glazed, aluminium framed, display frontage.
Internally, the premises have been fitted out to the corporate identity of Timpson's, which provides key cutting, shoe repairs, watch repairs, engraving, photographic services, etc.
The subjects are let Sandymere Ltd, t/a Timpson's. The lease was adjusted by a Minute of Extension and Variation, wherein the date of termination was extended by 10 years to 15th May 2024. A break option on 31st May 2020, has not been exercised.
Alloa is an expanding town situated about 7 miles east of Stirling and provides excellent transport links by road and rail to all major business centres throughout the country. Alloa has a resident population of approximately 19,000 and is the administrative centre of Clackmannanshire Council.
The subjects are located on Mill Street, in an excellent trading location within Alloa Town Centre, a short walk from Tesco Extra, Asda and the mainline Railway Station. Nearby Traders include Coral, Santander, Greggs, Baynes and Poundland.
All prices, rents and premiums, etc are quoted exclusive of VAT (if applicable).
Attractive Retail Investment
Situated in Alloa Town Centre
Let to Sandymere Ltd, t/a Timpson's
Current Annual Rental of £7,760 per annum
Ideal SIPP Investment
Offers in excess of £85,000 are invited for our client's heritable interest, with the benefit of the existing lease.
( Agency Pilot Software Ref: 49578 )