DOCSLIB.ORG

Investment for Sale

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investment for Sale INVESTMENT FOR SALE BROICH ROAD, CRIEFF, PH7 3SB INVESTMENT SUMMARY • Opportunity to acquire a 22,000 sq ft retail warehouse unit with accompanying 7,500 sq ft garden centre, which is currently under construction, in the affluent Perthshire town of Crieff • PC – July 2021 • Letting documented with B&M Retail Limited for 15 years. B&M Retail Limited have a D&B rating of 5A1 • Adjacent to the site is a 20,000 sq ft Aldi supermarket, which opened in 2019 • There is unimplemented planning permission for a further 8,500 sq ft retail unit next to the Aldi • New residential development (subject to planning) immediately to the north of the site • Contracted rent of £308,000 pa which equates to a rate of £14 per sq ft • The rent will be reviewed every 5 years on an upwards only basis, to open market rental value, capped at 12% • B&M operated as an essential retailer during the recent Government lockdowns Offers in excess of £4,283,000 (Four Million Two Hundred and Eighty Three Thousand Pounds) exclusive of VAT, reflecting a Net Initial Yield of 6.75%, assuming standard purchaser’s costs and LBTT. LOCATION • Crieff is a popular market town located in Perthshire. The town is located approximately 17 miles to the west of Perth and 22 miles north of Stirling. It is the second largest town in Perth & Kinross. • The A85 provides links to the A9 / M90 motorway networks, offering key transport links to Edinburgh and Glasgow to the south and Inverness and Aberdeen to the north. • The site fronts onto both Duchlage Road and Broich Road, in close proximity to the new Crieff High School campus. • The town has a resident population in excess of 7,300 people and is a popular tourist destination. The transient population is far greater with over 2.3m tourists visiting the Perthshire area each year. DESCRIPTION • New development of a stand alone retail warehouse totalling 22,000 sq ft with an additional 7,500 sq ft garden centre. • The building will be of steel frame construction with a traditional block cavity walling and insulated cladding panels. • The development is set on 1.91 acres (0.77 ha) and will provide a minimum of 75 car parking spaces. • The northern part of the site (which is not included in the sale) is subject to a planning application for approximately 35 new homes. PLANNING • The unit and garden centre have planning consent for Class 1 retail within the Schedule of the Town and Country Planning (Use Classes) (Scotland) Order 1997 TENANCY & COVENANT Tenancy A new 15 year FRI lease with no breaks to B&M Retail Limited. The initial passing rent is £308,000 per annum (£14.00 per sq ft) which will be reviewed every 5 years on an upwards only basis to the greater of OMV or the rent payable immediately before the review, subject to a cap of 12%. The tenant will benefit from 6 months rent free upon taking occupation. B&M Retail Limited B & M Retail Limited is one of the UK’s largest and most successful retailers. Formed in 1978, they have expanded rapidly in recent years and now have over 600 stores across the UK, employing over 28,000 people. Profit (pre Net Tangible B&M Retail Limited Turnover (000) taxation) Assets (000) (000) 2020 £3,148,497 £262,360 £1,782,874 2019 £2,801,499 £273,406 £839,035 2018 £2,629,145 £236,006 £680,479 VAT The property has been elected for VAT and therefore VAT will be applicable on the purchase price. However, it is anticipated that the sale will be treated by way of a Transfer of Going Concern (TOGC). PROPOSAL We are seeking offers in excess of £4,283,000 (Four Million Two Hundred and Eighty Three Thousand Pounds) exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 6.75% assuming actual purchaser’s costs. CONTACT For further information please contact the below: Dominic Walton Alasdair M Steele Stewart Sheridan Graeme Millar M - 07818 041 670 M – 07808 479 333 M – 07740 940 898 M – 07523 512 804 [email protected] [email protected] [email protected] [email protected] Important notice. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller (s) or lessor (s). Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and all that information is correct. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members' names. March 2021..
Load more

Recommended publications
  • The Old Laundry House, 111 High Street, Auchterarder PH3
    www.nexthomeonline.co.uk The Old Laundry House, 111 High Street, Auchterarder PH3 1AA Offers Over £210,000 A rare opportunity to purchase this DETACHED 3 BEDROOM VILLA which is quietly tucked away just off the high street in the town of Auchterarder. The spacious accommodation comprises of hall, kitchen/sun room, lounge, utility room, bathroom and bedroom on the ground floor level together with two further double bedrooms on the first floor. There is gas central heating and double glazing throughout. There are garden grounds to the front and side and a driveway provides off street parking. Early viewing is highly recommended to appreciate the location and accommodation on offer. EPC Rating D. AREA This property is located in the highly desirable town of Auchterarder which provides an abundance of local amenities and leisure facilities including an array of shops, hairdressers, Bank of Scotland, restaurants, health centre, post office and golf course. There are primary and secondary schools within the town and the nearby A9 makes it an ideal location for commuting to Perth, Stirling, Edinburgh and Glasgow. The town is also well serviced by Gleneagles train station. The prestigious Gleneagles Hotel offers a host of unique leisure facilities and restaurants including the award winning Andrew Fairlie as well as three championship golf courses which are regarded among the best courses in the world. HALL 14' 2" x 11' 0" at widest (4.32m x 3.35m) The entrance hall provides access to all accommodation. Radiator. Next Home Estate Agents 63 – 65 George Street, 1a James Square, 211 High Street, 41 – 43 Allan Street, 47a Atholl Road, Perth, Crieff, Auchterarder, Blairgowrie, Pitlochry, 01738 44 43 42 01764 65 00 44 01764 66 36 66 01250 39 80 02 01796 54 80 14 www.nexthomeonline.co.uk KITCHEN/SUN ROOM 24' 0" x 9' 3" (7.32m x 2.82m) A lovely and bright addition to the property with two sets of double French doors providing access to the garden and additional door to the side.
    [Show full text]
  • Blairgowrie & Rattray Community Council
    BLAIRGOWRIE & RATTRAY COMMUNITY COUNCIL DRAFT MINUTES OF THE COMMUNITY COUNCIL MEETING HELD ON 4th April 2019 Held in the Adult Resource Centre, Jessie Street, Blairgowrie at 7pm ATTENDANCE Mr I Richards (IR) Chair Cllr C Shiers (CS) Councillor PKC Mr B Smith (BS) Vice Chair Cllr B Brawn (BB) Councillor PKC Mr R Duncan (RD) Treasurer Ms C Damodaran (CD) Press Mr S Nichol (SN) Secretary Mr I Cruickshank (IC) 5 members of the public Mr A Donald (AD) Mr A Thomson (AT) Mr G Darge (GD) Mr C Smith Scottish Fire and Mr L Seal (LS) Ms L Rumgay Rescue Service Mrs M Young (MY) Mrs K MacBain (KM) Sgt N Forrester Police Scotland Mr B Rickwood (BR) Kimberly O’Brian Community warden Claire Smith Community warden APOLOGIES Alistair MacLeod Community Mrs C Thomson Greenspace (CT) Cllr T McEwan (TM) Mrs Bev Leslie (BL) Item 1 – Welcome and Apologies IR IR welcomed everyone to the meeting. Apologies were received from CT. Diane Cushnie has decided to step down from the community council. IR also welcomed community wardens Kimberly O’Brian (KoB)and Claire Smith (CS), Alistair MacLeod (AM) from Perth and Kinross Council’s community greenspace team and new co-opted members of the community council Kim MacBain and Brian Rickwood. IR explained for the minutes that community councillors had gone through the voting procedure to co-opt the two new members by email. Only elected members that were eligible to vote did so. All those eligible to vote did so and the decision to co-opt KM and BR was unanimous.
    [Show full text]
  • Highland Perthshire Trail
    HIGHLAND PERTHSHIRE TRAIL HISTORY, CULTURE AND LANDSCAPES OF HIGHLAND PERTHSHIRE THE HIGHLAND PERTHSHIRE TRAIL - SELF GUIDED WALKING SUMMARY Discover Scotland’s vibrant culture and explore the beautiful landscapes of Highland Perthshire on this gentle walking holiday through the heart of Scotland. The Perthshire Trail is a relaxed inn to inn walking holiday that takes in the very best that this wonderful area of the highlands has to offer. Over 5 walking days you will cover a total of 55 miles through some of Scotland’s finest walking country. Your journey through Highland Perthshire begins at Blair Atholl, a small highland village nestled on the banks of the River Garry. From Blair Atholl you will walk to Pitlochry, Aberfeldy, Kenmore, Fortingall and then to Kinloch Rannoch. Several rest days are included along the way so that you have time to explore the many visitor attractions that Perthshire has to offer the independent walker. Every holiday we offer features hand-picked overnight accommodation in high quality B&B’s, country inns, and guesthouses. Each is unique and offers the highest levels of welcome, atmosphere and outstanding local cuisine. We also include daily door to door baggage transfers, route notes and detailed maps and Tour: Highland Perthshire Trail pre-departure information pack as well as emergency support, should you need it. Code: WSSHPT1—WSSHPT2 Type: Self-Guided Walking Holiday Price: See Website HIGHLIGHTS Single Supplement: See Website Dates: April to October Walking Days: 5—7 Exploring Blair Castle, one of Scotland’s finest, and the beautiful Atholl Estate. Nights: 6—8 Start: Blair Atholl Visiting the fascinating historic sites at the Pass of Killiecrankie and Loch Tay.
    [Show full text]
  • FINAL Perthshire and Fife Brochure
    GREAT GARDENS OF PERTHSHIRE, KINROSS, AND THE KINGDOM OF FIFE September 6 to 11, 2021 Falkland Palace Gardens, Fife | David Ross Photography Join The National Trust for Scotland Foundation USA for a five-night tour of the magnificent gardens of Perthshire, Kinross, and the Kingdom of Fife. We will visit privately owned gardens nurtured by the same families for more than 300 years; gardens created in the last twenty years by gifted gardeners; and important houses and plant collections cared for by the National Trust for Scotland. We will enjoy the beauty of the Highlands and the glorious Fife countryside with its charming coastal villages, rolling hills, and fertile agricultural land. Highlights of our tour include: • A tour of Balcaskie's terraced gardens with Toby Anstruther of that Ilk, whose family has owned the property since 1698 • VIP access at two National Trust for Scotland gardens designed by Arts and Crafts architect Robert Lorimer • A visit to Cambo, the home of Sir Peter and Lady Erskine, with its 18th-century walled garden - a plantsman's paradise • A stop in the picturesque village of Falkland, where Mary Queen of Scots famously played Real Tennis in breeches ABOUT THE TOUR LEADER: Paddy Scott, following a career in business and hospitality across Europe, was chief executive of Scotland’s Gardens, a well-known charity that raises funds by organizing the opening of private gardens to the public. He is also one of the founders of Discover Scotland’s Gardens, a business dedicated to marketing Scotland’s gardens to the world. For the last three years, Paddy has been using his unrivalled knowledge of Scottish gardens to organize garden tours.
    [Show full text]
  • The Dewars of St. Fillan
    History of the Clan Macnab part five: The Dewars of St. Fillan The following articles on the Dewar Sept of the Clan Macnab were taken from several sources. No attempt has been made to consolidate the articles; instead they are presented as in the original source, which is given at the beginning of each section. Hence there will be some duplication of material. David Rorer Dewar means roughly “custodian” and is derived from the Gallic “Deoradh,” a word originally meaning “stranger” or “wanderer,” probably because the person so named carried St. Fillan’s relics far a field for special purposes. Later, the meaning of the word altered to “custodian.” The relics they guarded were the Quigrich (Pastoral staff); the Bernane (chapel Bell), the Fergy (possibly St. Fillan’s portable alter), the Mayne (St. Fillan’s arm bone), the Maser (St. Fillan’s manuscript). There were, of course other Dewars than the Dewars of St. Fillan and the name today is most familiar as that of a blended scotch whisky produced by John Dewar and Sons Ltd St. Fillan is mentioned in the Encyclopedia Britannica, 14th edition of 1926, as follows: Fillan, Saint or Faelan, the name of two Scottish saints, of Irish origin, whose lives are of a legendary character. The St. Fillan whose feast is kept on June 20 had churches dedicated to him at Ballyheyland, Queen’s county, Ireland, and at Loch Earn, Perthshire (see map of Glen Dochart). The other, who is commerated on January 9, was specially venerated at Cluain Mavscua in County Westmeath, Ireland. Also beginning about the 8th or 9th century at Strathfillan, Perthshire, Scotland, where there was an ancient monastery dedicated to him.
    [Show full text]
  • Perth & Kinross Council Archive
    Perth & Kinross Council Archive Collections Business and Industry MS5 PD Malloch, Perth, 1883-1937 Accounting records, including cash books, balance sheets and invoices,1897- 1937; records concerning fishings, managed or owned by PD Malloch in Perthshire, including agreements, plans, 1902-1930; items relating to the maintenance and management of the estate of Bertha, 1902-1912; letters to PD Malloch relating to various aspects of business including the Perthshire Fishing Club, 1883-1910; business correspondence, 1902-1930 MS6 David Gorrie & Son, boilermakers and coppersmiths, Perth, 1894-1955 Catalogues, instruction manuals and advertising material for David Gorrie and other related firms, 1903-1954; correspondence, specifications, estimates and related materials concerning work carried out by the firm, 1893-1954; accounting vouchers, 1914-1952; photographic prints and glass plate negatives showing machinery and plant made by David Gorrie & Son including some interiors of laundries, late 19th to mid 20th century; plans and engineering drawings relating to equipment to be installed by the firm, 1892- 1928 MS7 William and William Wilson, merchants, Perth and Methven, 1754-1785 Bills, accounts, letters, agreements and other legal papers concerning the affairs of William Wilson, senior and William Wilson, junior MS8 Perth Theatre, 1900-1990 Records of Perth Theatre before the ownership of Marjorie Dence, includes scrapbooks and a few posters and programmes. Records from 1935 onwards include administrative and production records including
    [Show full text]
  • Muthill in Bloom 2019
    Prepared by Muthill In Bloom for Beautiful Scotland 2019 Designed by Muthill Primary School, Muthill Muthill In Bloom 2019 Prepared by Muthill In Bloom for Beautiful Scotland 2019 Introduction To Muthill In Bloom Muthill in Bloom was formed in 1993 by a small group of enthusiastic volunteers with Lily Crawford and Margaret Melville at its helm, and now, more than a quarter of a century later, their vision continues to thrive. The aim of the group to “improve the appearance of the village” has helped create an environmentally friendly place to stay and visit… a desirable place to live and work. The group has progressed from back garden displays to the creation of eye catching floral displays, never afraid to try something different or use a “crazy” colour scheme. Throughout the summer months village displays are a lot of colour all maintained and watered by a very dedicated team, ensuring everything is in tip top condition . Support for this work is essential and fortunately we work with 27 other partners in and around the village allowing us to do what we do. Fundraising events throughout the year include coffee mornings, bingo tea, plant sales and Christmas post delivery service. Teaching a younger generation has now become a priority and helping our local primary school is very important. Last year we planted a “young ones” orchard with the help of every child in the village school and nursery and we look forward to watching this project progress and grow. This year we hope to support the school in their bid to win a 6th green eco flag.
    [Show full text]
  • Blairgowrie & Rattray Community Council
    BLAIRGOWRIE & RATTRAY COMMUNITY COUNCIL MINUTES OF THE COMMUNITY COUNCIL MEETING HELD ON 14 June 2018 Held in the small Hall, Balmoral Road, Rattray, Blairgowrie at 7pm ATTENDANCE Mr I Richards (IR) Chair Cllr C Shiers (CS) Councillor PKC Mr B Smith (BS) Vice Chair Cllr B Brawn (BB) Councillor PKC Mrs P McGregor (PM) Treasurer Cllr T McEwan (TM) Councillor PKC Mr S Nichol (SN) Secretary Ms C Damodaran (CD) Press Mrs D Cushnie (DC) 6 Members of the public Mr I Cruickshank (IC) Mr A Donald (AD) Ms E Forrest (EF) Ms Hazel Harris (HH) Mr A Thomson (AT) Mr L Seal (LS) APOLOGIES LEAVE OF ABSENCE Mrs M Young (MY) Mr G Darge (GD) Mr R Duncan (RD) Ms Carla Thomson Item 1 – Welcome and Apologies IR welcomed everyone including Georgie Kidd from the Strathmore Centre for Youth IR Development who has agreed to join the community council as an associate member. IR explained that although associate members cannot vote on community council matters their input is still very much valued and having associate members of the community council has worked well in the past. Item 2 - Adoption of minutes Amendments concerning the omission of the venue of the May meeting and two members of the community council listed as having attended and in the apologies succession were noted by SN. BS proposed the adoption of the minutes of the May meeting and IC seconded. Item 3 – Matters Arising (Previous agenda item 7.1) Roads Issues SN said that he had circulated an update SN from PKC to members of the community council and that it was six pages long he was not going to go into each point in the update.
    [Show full text]
  • Rural Lives Understanding Financial Hardship and Vulnerability in Rural Areas
    Rural Lives Understanding financial hardship and vulnerability in rural areas Mark Shucksmith University of Newcastle Polly Chapman Impact Hub Inverness Jayne Glass and Jane Atterton Rural Policy Centre, Scotland’s Rural College March 2021 Rural Lives Understanding financial hardship and vulnerability in rural areas Contents Executive summary 2 1 Introduction 5 2 Experiences and impacts of financial hardship 7 2.1 Changing rural economies 7 2.2 The welfare state in rural areas 10 2.3 Voluntary and community organisations in rural areas 13 2.4 Families, friends and neighbours 15 2.5 Housing, fuel poverty, cost of living, digitalisation and social care 16 2.6 Debt, savings, agency and coping strategies 19 2.7 Place and narratives of change 22 2.8 Rural poverty within a pandemic 25 3 Conclusions: Challenges and policy opportunities 25 3.1 The importance of cumulative and complementary support 25 3.2 The need to combine person-based and place-based measures 27 3.3 Policy challenges and opportunities 28 Glossary 35 Acknowledgements The authors are indebted to all those who participated in this research, whether through offering us advice and information, or by agreeing to be interviewed. Your names are not listed anywhere in the report to preserve confidentiality, but we are immensely grateful: we hope we have done justice to your stories. We also wish to thank the members of our distinguished Advisory Group for their comments, advice and support throughout the project. Members of the Group were: Margaret Clark, Nicola Crook, Derek Egan, Tim Goodship, Rebecca Graham, Vanessa Halhead, Linda Hutton, Sarah Kidd, Karen MacNee, Coinneach Morrison, Angus Murray, Anne Murray, Michael Nixon, Norma Robson, Carol Tannahill and Ellie Thompson.
    [Show full text]
  • Short Walks in Scotland Under 10 Km Crieff-The Hosh Circuit
    The Mack Walks: Short Walks in Scotland Under 10 km Crieff-The Hosh Circuit (Perthshire) Route Summary This walk overlooks Crieff, with a moderately taxing overall ascent of 161m over a short distance, offering some wonderful views of the surrounding hills. The environment is mixed, with woodlands, fields, and tumbling burns. The route passes the famous Glenturret Distillery. Duration: 1.75 hours. Route Overview Duration: 1.75 hours. Transport/Parking: Regular Stagecoach bus services from Perth to Crieff. Check timetables. There is a small parking area at the start/end of the walk. Length: 4.870 km / 3.04 mi Height Gain: 161 meter Height Loss: 161 meter Max Height: 185 meter Min Height: 74 meter Surface: Moderate. A mix of tarred roads, rough roads and good paths. Child Friendly: Yes, if used to walks of this distance and overall ascent. Difficulty: Easy/Medium. Dog Friendly: Yes, on lead on public roads and near farm animals. Refreshments: Options in Crieff. We can recommend the Rhubarb Cafe. Description This is a fairly easy route on the outskirts of Crieff, in the wonderfully scenic countryside at the crossroads between the Highlands and Lowlands of Scotland. Along the way, there are many open aspects and marvellous views, taking in the rural charm of the River Earn Valley, high surrounding hills, and distant mountains. The walk starts and ends near the Crieff Hydro Hotel which opened in 1868 as the Crieff Hydropathic, using the Caledonian Railway to bring a prosperous, abstemious clientele from the lowlands of Scotland to take “the water cure” in an upmarket environment with mountain views.
    [Show full text]
  • DALLRAOICH Strathtay • Pitlochry • Perthshire DALLRAOICH Strathtay • Pitlochry Perthshire • PH9 0PJ
    DALLRAOICH Strathtay • Pitlochry • PerthShire DALLRAOICH Strathtay • Pitlochry PerthShire • Ph9 0PJ A handsome victorian house in the sought after village of Strathtay Aberfeldy 7 miles, Pitlochry 10 miles, Perth 27 miles, Edinburgh 71 miles, Glasgow 84 miles (all distances are approximate) = Open plan dining kitchen, 4 reception rooms, cloakroom/wc 4 Bedrooms (2 en suite), family bathroom Garage/workshop, studio, garden stores EPC = E About 0.58 Acres Savills Perth Earn House Broxden Business Park Lamberkine Drive Perth PH1 1RA [email protected] Tel: 01738 445588 SITUATION Dallraoich is situated on the western edge of the picturesque village of Strathtay in highland Perthshire. The village has an idyllic position on the banks of the River Tay and is characterised by its traditional stone houses. Strathtay has a friendly community with a village shop and post office at its heart. A bridge over the Tay links Strathtay to Grandtully where there is now a choice of places to eat out. Aberfeldy is the nearest main centre and has all essential services, including a medical centre. The town has a great selection of independent shops, cafés and restaurants, not to mention the Birks cinema which as well as screening mainstream films has a popular bar and café and hosts a variety of community activities. Breadalbane Academy provides nursery to sixth year secondary education. Dallraoich could hardly be better placed for enjoying the outdoors. In addition to a 9 hole golf course at Strathtay, there are golf courses at Aberfeldy, Kenmore, Taymouth Castle, Dunkeld and Pitlochry. Various water sports take place on nearby lochs and rivers, with the rapids at Grandtully being popular for canoeing and rafting.
    [Show full text]
  • Edradour House, Pitlochry, Perthshire, PH16 5JW 3Rd March 2017 HP487142 Terms and Conditions
    Edradour House Pitlochry Perthshire PH16 5JW Energy performance certificate YouEnergy can use this Performance document to: Certificate (EPC) Scotland Dwellings Edradour House, Pitlochry, PH16 5JW Dwelling type: Detached house Reference number: 6813-8327-5530-2757-0926 Date of assessment: 23 March 2017 Type of assessment: RdSAP, existing dwelling Date of certificate: 07 April 2017 Approved Organisation: Elmhurst Total floor area: 590 m2 Main heating and fuel: Boiler and radiators, oil Primary Energy Indicator: 255 kWh/m2/year You can use this document to: • Compare current ratings of properties to see which are more energy efficient and environmentally friendly • Find out how to save energy and money and also reduce CO2 emissions by improving your home Estimated energy costs for your home for 3 years* £17,580 See your recommendations report for more Over 3 years you could save* £5,457 information * based upon the cost of energy for heating, hot water, lighting and ventilation, calculated using standard assumptions Very energy efficient - lower running costs Current Potential Energy Efficiency Rating (92 plus) A This graph shows the current efficiency of your home, (81-91) B taking into account both energy efficiency and fuel costs. The higher this rating, the lower your fuel bills (69-80) C 71 are likely to be. (55-68) D Your current rating is band E (48). The average rating for EPCs in Scotland is band D (61). (39-54 E 48 (21-38) The potential rating shows the effect of undertaking all F of the improvement measures listed within your (1-20) G recommendations report. Not energy efficient - higher running costs Very environmentally friendly - lower CO emissions Current Potential 2 Environmental Impact (CO2) Rating (92 plus) A This graph shows the effect of your home on the (81-91) B environment in terms of carbon dioxide (CO2) emissions.
    [Show full text]