Substantial Town Centre Building
Ground & 1st Floor
Let to Boots Properties Limited
10yr Lease (No Breaks)
Expiry September 2029
Rent Review: September 2024
Passing Rent: £36,XXX.a
Price On Application
Location
The property is situated on the south side of High Street, close to its junction with Harpers Court and Hill Street within the town of Dingwall. Dingwall is a town and a royal burgh in the Highland council area of Scotland. It has a population of 5,491. It was an east-coast harbour that now lies inland.
Neighbouring occupiers include Clydesdale Bank, Lloyds Pharmacy and Bank of Scotland.
Property
The property comprises a substantial ground and first floor commercial property of traditional construction surmounted by a pitched roof overlaid in concrete tile.
The property os accessed via twin, double doors flanking the large glazed display window. Internally the property is fitted out in accordance with Boots pharmacy corporate specification with partitions erected to form private consultation room, dispensary, staff room, store and w.c. facilities. The upper floor is accessed via a single staircase situated to the front of the property offering storage, w.c. and office facilities.
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Boots Properties Ltd
Expiry: September 2029
Passing Rent: £36,XXXer annum
Rent Review: September 2024
Further Info: The tenant has recently agreed to a new 10year lease without break options as a sign of their confidence in the location and market, having been in-situ for a number of years prior.
Proposal
The property is available on a freehold basis, price on application
V.A.T
Figures quoted are exclusive of V.A.T
Legal Costs
Each party will be responsible for their own legal costs incurred in connection with this transaction.
Energy Performance Certificate
A copy of the EPC can be provided on request.
Lease & Title
Available on request