Location Estimated District Population: 87,000 Miles: 39 miles east of Inverness 65 miles north-west of Aberdeen
Roads: A96
Position The property is located in the heart of the town centre fronting the pedestrianised section of the High Street, which, together with the nearby St Giles Centre, forms the principal shopping area.
Nearby: Marks & Spencer Simply Food, Boots the Chemist, Starbucks, TK Maxx, Holland & Barrett, Burton, M & Co,WH Smith, Superdrug, Argos and New Look.
Description LARGE BANK arranged on the ground and part first floors with self-contained offices arranged on the part first and second floors, accessed from the High Street. The property benefits from car parking to the rear.
(1) Clydesdale Bank plc is a member of National Australia Group, which has over 7.7 million customers internationally. Clydesdale Bank was established in 1838 in Glasgow and with over 150 retail branches and a network of Financial Solutions Centres, Clydesdale is one of Scotland’s largest banks. For the year to 09/10, Clydesdale Bank plc reported pre-tax profits of £49 million and a net worth of £2.5 billion. (Sources: One Source One-Stop Report and company website: www.cbonline.co.uk).We understand the Clydesdale Bank sublet part of the first floor and the second floor to estate agents. (2) Areas supplied by Joint Auctioneers (except for sublet accommodation) which the Auctioneers or Joint Auctioneers cannot verify.
Tenure Heritable (Scottish Equivalent of Freehold).
Tenant CLYDESDALE BANK PLC (1)
Lease Term: 15 years from 7th October 2010 Basis: FRI Rent: £84,365 per annum Reviews: 2015 and 2020 Expiry: October 2025
VAT is not applicable to this lot.
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Rent £84,365 pa
ON THE INSTRUCTIONS OF A MAJOR PENSION FUND
Prime Heritable Bank Investment
• Entirely let to Clydesdale Bank plc on a new 15 year lease from October 2010 (No Breaks)
• Prime trading location in the heart of the town centre
• VAT- free bank investment and 30Working Day Completion period available
The Conditions of Sale, Articles of Roup and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Harper MacLeod LLP. t: 0141 221 8888. e: david.bell@harpermacleod.co.uk Ref: D Bell Esq. Joint Auctioneers Inglis Howie. t: 0141 248 3355. e: gary.cameron@inglishowie.com Ref: G Cameron Esq.