February 2020: Wednesday 12 February 2020 - 9:30am
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    Key features

    • Supermarket with associated land and parking
    • Let to Poundstretcher Ltd on a 10 year lease
    • Located in the centre of Keith
    • Detached building

    Description

    A detached building arranged as a supermarket together with associated land and parking

    Additional information

    Tenure

    Freehold.

    Accommodation

    • Not internally inspected but believed to comprise:
    • Ground Floor – Retail Area, Rear Storage Area, Two WCs
    • First Floor – Staff Room, WCs, Six Offices/Rooms

    Tenancy

    10 year lease to Poundstretcher Ltd (trading as Bargain Buys) at a rent of £55,000 per annum (rent start date 24th April 2020). Break option 24th October 2024.

    Total Current Rent £55,000 per annum.

    Notes

    Please note there is a current rent free running under the Poundstretcher lease until April, the buyer to bear the cost of the remaining rent free period. The seller will cover off under the rent apportionment at completion.

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

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      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.

      Local information

      • Keith is a town in the Moray council area in North East Scotland
      • Situated at the western end of Union Street, by its junction with Regent Street
      • Well located for the centre of Keith
      • The surrounding countryside provides a variety of recreational areas
      • Located just off the A96, which provides good road communications
      Transport

      Keith (National Rail)

      Legal documents

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      EPC rating

      The EPC rating for this property is F

      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