Prime Heritable Retail Investment • Let to Bravissimo Limited • Lease expires March 2022
• Close to Primark, Bhs, Clarks and McDonald’s
• 30Working Day Completion available
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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 McGrigors LLP. t: 0131 777 7331. e: tony.allan@mcgrigors.com Ref: T Allan Esq. Joint Auctioneers CBRE (Aberdeen office). t: 01224 219025. e: derren.mcrae@cbre.com Ref: D McRae Esq.
Description RETAIL arranged on the ground, first and second floors. forming part of a larger building. Access is provided from Union Street at ground floor level via an entrance lobby with lift.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First/Second
Entrance/Lobby Sales/Ancillary
Total Commercial Area –
Tenure Heritable (Scottish Equivalent of Freehold).
Tenant BRAVISSIMO LIMITED (1)
Lease Term: Approximately 15 years from 30th April 2007 Basis: FRI (2) Rent: £45,000 per annum Reviews: 2012 and 2017 Expiry: March 2022
VAT is applicable to this lot – please see Conditions of Sale and Articles of Roup (3).
Net Internal Areas (–)
385.53 sq m 385.53 sq m
(2) The lease is subject to a small schedule of condition – Please see lease. (3) The sale is intended to be a TOGC subject to the purchaser meeting the relevant criteria, failing which VAT will be charged on the price.
(4,150 sq ft) (4,150 sq ft)
(1) Bravissimo Ltd trade from 21 high street stores across the UK and specialise in the sale of ladies’ lingerie and associated products and for the year to 08/10, reported a turnover of £44.9 million, pre-tax profits of £46,224 and a net worth of £3.9 million. (Source: One Source One-Stop Report and www.bravissimo.com)