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B & M Brioch Rd 22,000 SF Retail Building Crieff PH7 3SE $3,033,104 CAD ($137.87 CAD/SF)
Investment Highlights
- Comprises a new build, standalone Drive-thru unit.
- Full repairing and insuring lease expiring 3rd August 2045 (TBO August 2035).
- Subject to 5-yearly, upwards-only open market rent rent reviews.
- Additional EV income at an initial £1,500 per annum (with stepped rent thereafter) - terms agreed.
- Predominantly let to Burton & Speke Ltd, trading as Starbucks.
- Burton & Speke passing rent of £110,000 per annum.
- Burton & Speke Ltd now has 24 stores across the East Coast of Scotland with 16 of these Drive Thru, and has a Credit Safe Risk Score of 100, representing a very low risk.
- Total anticipated rent of £111,500 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
22,000 SF
Year Built
2021
Price
$3,033,104 CAD
Price Per SF
$137.87 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.91 AC
Frontage
219’ on Brioch Road
Amenities
- 24 Hour Access
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 22,000 SF
- -
- Sep 2036
The company began in 1978 with the first store in Blackpool, and ownership changed in 2004 when Simon and Bobby Arora acquired the business. B&M trades as a variety discount retailer, selling grocery, fast-moving consumer goods and general merchandise through out-of-town retail parks and town-centre stores, while Heron Foods extends the business into convenience retail focused on ambient, chilled and frozen food. The business operates across the UK and France and is built around a limited range of popular products sold at everyday low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 22,000 SF | - | Sep 2036 |
1 1
Nearby Major Retailers
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B & M | Brioch Rd
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