Retail for sale

5 The Square

15 year lease to Martin McColl Limited (extension from 28/7/18, subject to tenant break options)

Rent £16,315 per annum exc.

Price - Offers over £175,000

Attractive NIY 9.75%

5A1 Covenant

Fully let to Martin McColl Limited

Spacious two storey upper flat

5 The Square, Huntly, Aberdeen AB54 8AE

Open in Google Maps
The town of Huntly is located within the heart of Aberdeenshire situated some 39 miles to the North West of Aberdeen and approximately 66 miles East of Inverness, with access via the A.96. There is also a Railway Station at Huntly with regular services North and South. Huntly offers an excellent range of shops, hotels and professional services which centre around the Square. A busy market town, Huntly and the surrounding areas are also popular with tourists, situated on the edge of the Speyside Whisky trail. The current population is in the region of 4,500 persons. National operators situated in close proximity to McColls include Bank of Scotland, Ladbrokes, The Post Office, TSB and Royal Bank of Scotland. Other nearby occupiers include Cruickshanks of Huntly, The Gordon Arms, Huntly Hotel and Peterkins. The subjects are situated on the east side of The Square which benefits from generous public car parking, with five spaces and a disabled space immediately to the front of the unit.
Local authority:

Transportation

Airports

Aberdeen 27.7m

National rail

Huntly 0.4m, Keith 9.5m, Insch 9.9m

Further information

See more
Lease overview

The current rent is £16,315 per annum with an extension agreed from 28th July 2018 to 27th July 2033, with tenant break options in July 2023 and July 2028.

Covenant overview

Martin McColl Limited have a Dun & Bradstreet rating of 5A1. very low risk. McColl's are one of the UK's leading neighbourhood retailers. 2015 revenues were in excess of £950 million.

Covenant schedule
Tenant D&B rating
Martin McColl Lim...More5A1
EPC
Category G

Media store

See more

Property marketed by:

Graham + Sibbald
Graham + Sibbald
Quote reference: 5 The Square, Huntly

£175,000

Please read carefully 1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. 2. Graham & Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it. 3. Graham & Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client's Solicitors and Solicitors acting for the Purchaser/Tenants. 4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery. 5. A list of Partners can be obtained from any of our offices.