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TOWN CENTRE BOOTS PHARMACY INVESTMENT - MARISCHAL STREET, PETERHEAD

For sale: POA|3,935 Sq Ft|Retail, Retail - High Street, Healthcare, Other Property Types & Opportunities

Property details

FOR SALEPOA
SIZE3,935 Sq Ft
ADDRESSBoots the Chemists Ltd, 21-23 Marischal Street, Peterhead, Aberdeenshire, AB42 1BS
TYPERetail, Retail - High Street, Healthcare, Other Property Types & Opportunities
TENUREInvestment Opportunity
POSTED ON27th September 2022

Description

Prime Town Centre Location
Let to: Boots Pharmacy
F.R.I Lease
Expiry: July 2025
Passing Rent: £28,210p.a.
Sale: o/o £375,000

Location

The property is situated on the south side of Marshal Street at its junction with Mainland’s Pend in the main commercial centre 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. Neighbouring occupiers include Specsavers, Brewdog, Bupa Dental, Iceland and Royal Bank of Scotland.

Property

The property comprises a prominent ground floor retail space set within a larger 2 storey sandstone development surmounted by a pitched roof. The property offers a triple display frontage with the entrance by way of a double aluminium framed glazed double door to the side.

Internally the shop has been fitted out in accordance with the tenants corporate specification with lighting provided by way of L.E.D. strips mounted on the suspended plaster ceiling, with floor overlaid in plotted concrete.

Partitions have been erected to the rear to form secure store, staff room, office and w.c. facilities with pharmacy counter and prep area also to the rear of the property

Area

The property has been calculated to extend to the following internal area;

Ground: 365.57sqm (3,935sq ft)

Lease Summary

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

Tenant: Boots U.K Ltd
Expiry: July 2025
Passing Rent: £28,210p.a.
Further: The tenant has been in situ for over 10 years.

Sale

The property is available on a freehold basis for offers over £375,000

V.A.T.

Figures quoted are exclusive of V.A.T.

E.P.C.

A copy of the E.P.C. will be made available for any interested party

Title & Lease

Available on request

Legal

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

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.

Anti-Money Laundering

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

Location

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Location: Boots the Chemists Ltd, 21-23 Marischal Street, Peterhead, Aberdeenshire, AB42 1BS
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