Summary

• Licensed convenience store set within an established residential area.
  
• Let to Alliance Property Holdings Ltd, a wholly owned subsidiary of Wm Morrison Supermarket Ltd until October 2033 (without break)
  
• Low Passing Rent of £26,000 per annum (£9.37 psf)
  
• 5 Yearly rent reviews in line with the CPI (subject to an annual 1% & 3% collar and cap)
  
• £297,000 reflecting a Net Initial Yield 8.50%

Location

The property is located within the coastal town of Buckie which is situated around 17 miles to the east of Elgin and around 61 miles to the northwest of Aberdeen.

More particularly, the property is situated a short distance to the west of Buckie town centre, forming part of a predominantly residential area within the Buckpool area of the town.

Description

The property comprises a licenced convenience store which occupies a semi-detached, single storey building which has been constructed from roughcast concrete blockwork under a flat roof clad in mineral felt.

The frontage includes a timber and glazed display window with a modern signage above, adjacent to which is an ATM.

Internally, the unit has been recently refitted and rebranded as a Morrisons Local.

A storeroom is included to the rear which includes staff toilets and a pedestrian door which leads to a lane alongside the west elevation of the property for the receipt of deliveries.