Summary

• Prime retail pitch in Fraserburgh town centre
  
• Large and mainly open plan retail unit
  
• Net internal area 140 sqm (4,200 sqft)
  
• Let FRI to Superdrug until 2031 at £25,000 pax
  
• Offers over £235,000 are invited, exc VAT
  
• Net initial yield 10.4%

Location

Broad Street is the principle retailing street in Fraserburgh town centre, with the property occupying a prime pitch on the street close to Iceland, Specsavers, Subway and Card Factory, among others.

Fraserburgh is a coastal town in Aberdeenshire, around 41 miles north of Aberdeen and with a 57-minute drive time, via the A90. The town has a population of around 13,000 persons.

Description

14-18 Broad Street is a mid-terraced retail unit within a two storey building, comprising of a mainly open plan retail sales space with ancillary towards the rear.

The property extends to a net internal floor area of 420 sqm (4,200 sqft), or thereby.

The shop is let to Superdrug Stores Plc, who have recently taken a five-year extension until 23rd April 2031, with a Tenant only break option on 24th April 2029. The lease is held under full repairing and insuring terms at a passing rent of £25,000pax.

Offers over £235,000 are invited, which is a net initial of 10.4% after allowance for standard purchaser costs.

The property is VAT elected and we would expect the sale to proceed by way of a TOGC.

Each party to be responsible for their own legal costs incurred.