Page 39 - Shepherd Commercial Auctions - Catalogue 22/02/2024

Lot 35 5 East Church Street, Buckie, Moray AB56 1EX Retail Investment
Features
• Held on a licence for £16,000 per annum expiring in April 2028 • 1,001,80 sq. m. (10.784 sq. ft.)
• Prominent high street location
Accommodation
The property comprises a substantial full building over 3 floors with basement of traditional stone construction surmounted by a pitched roof overlaid in slate.
The unit offers a prominent frontage, with extensive display windows and access gained via a double door, all of aluminium framed and glazed construction. Internally the property generally features floors overlaid in carpet and lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling.
The property benefits from partitions erected to the rear forming W.C facilities and storage with access to the basement and upper floors gained by way of a single staircase. The upper floors offer ancillary storage and office space.
Location
The subjects are located within the coastal town of Buckie which lies 64 Miles Northwest of Aberdeen and approximately 55 Miles East of Inverness. The town benefits from good transports links via the A98, linking to the A96 which serves the northeast.
More specifically the property is situated on the north side of East Church Street, east of its junction with North High Street, at Cluny Square within the town of Buckie. Therefore, the unit provides a prominent location with good levels of passing footfall.
Neighbouring occupiers include The Fry Inn, Subway, Bank of Scotland, and Right Medicine.
Tenancy
The subjects are held on a licence to Taylorz (2023) Ltd. with a passing rent of £16,000, expiring in April 2028. Further details are available on request.
*Guide Price £148,000 (plus fees if applicable)
* Please see Buyer’s Terms for definition of guide price and auction fees
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,500 inc VAT(£2,083.33 plus VAT). The buyer will also be asked to contribute towards the seller’s legal fees – see special condition within legal pack for full details.
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