Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • To be offered on Thursday 27 February
    • High Yielding Retail Investment Opportunity
    • Multi-Let to Iceland and Gordons Pharmacy
    • Both Leases Expire 2030
    • 19,206 sq ft (1,784.24 sq m)
    • Asset Management Potential
    • Established and Popular Location
    • Investment Let at £105,000 p.a. (11.6% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment opportunity multi-let to two national covenants.

    Arranged across ground and first floors, the property provides two retail units let to Iceland and Gordons Pharmacy.

    Unit 1 is let to Gordons Pharmacy on a 10 year lease expiring July 2030 and paying £25,000 per annum.

    Unit 2 is let to Iceland Foods Limited on a 10 year lease with no breaks expiring July 2030 and paying £80,000 per annum.

    The property presents an asset management opportunity via renewal/regearing of the existing leases, adding further income security.

    The property is prominently situated in the heart of the town centre, with nearby occupiers including Aldi, Lidl, Boots, Greggs and Bank of Scotland. The town is earmarked for significant regeneration following a masterplan published in 2021.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please see the accommodation and tenancy schedule for more information.

    Tenancy

    Gordons Pharmacy


    • D&B Rating - 4A1
    • Turnover (2024) - £94.1m
    • Pre-Tax Profit (2024) - £1.01m


    Iceland Foods Limited


    • D&B Rating - 5A3
    • Turnover (2024) - £4.12bn
    • Pre-Tax Profit (2024) - £15.6m

    Rent

    £105,000 per annum
      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Alexandira is the largest town in the Vale of Leven with a population of over 10,000, although along with the 5 surrounding towns it has a catchment of 20,000.

      The town sits three miles north of Dumbarton and 15 miles north west of Glasgow. Alexandria sits on the A82 linking Glasgow and the popular tourist destination of Loch Lomond. Its easily accessible by railway from Glasgow central and by bus via Buchanan Bus Station.

      The property is prominently situated in the heart of the town centre, with nearby occupiers including Aldi, Lidl, Boots, Greggs and Bank of Scotland.

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums