Page 30 - Shepherd Commercial Auctions - Catalogue 04/12/2025

Lot 26
15 Marischal Street, Peterhead, Aberdeenshire AB42 1BS
Retail Investment
Features
• VAT free investment
• Let to Duncan & Todd
• Lease expiry July 2032
• Passing rent £21,000 per annum
• NIA 171.76 sq. m. (1,849 sq. ft.)
Description
The property comprises the ground, basement and first floors of a traditionally
constructed commercial unit.
Accommodation
The property benefits from prominent frontage with large display windows. Internally, the
property is presented in keeping with the tenant’s corporate specifications. Stores and
staff facilities are situated within the first floor and basement level of the property.
Ground Floor - 61.78 sq. m. (665 sq. ft.)
Basement - 64.00 sq. m. (689 sq. ft.)
First Floor - 45.98 sq. m. (495 sq. ft.)
TOTAL - 171.76 sq. m. (1,849 sq. ft.)
Location
The property can be found within the town of Peterhead, approximately 33 miles north of
Aberdeen. Major employment within the town include fishing, onshore support for the oil
industry, manufacturing and food processing. The population is approximately 18,000.
The property itself is located within the pedestrianised section of Marischal Street, the
main commercial thoroughfare within the town centre and close to Drummers’ Corner
shopping complex. A number of national and local retailers are present within the area to
include, Boots, Nationwide, Hays Travel, Iceland and Arc Cinema.
There are a range of parking options available within the vicinity with public car parks
located on Broad Street and Maiden Street.
Rateable Value
The property has a rateable value of £15,200.
Energy Performance Rating The property has an energy rating of B.
*Guide Price £195,000 (plus fees if applicable)
Tenancy
The property is held on a Full Repairing and insuring lease to Duncan and
Todd Ltd expiring 3rd July 2032 at a passing rent of £21,000 per annum.
Duncan and Todd Ltd are part of the larger Duncan and Todd Group
operation Optical and Hearing Clinics across Scotland. The group operates
43 units across Scotland employing over 370 staff with brands including
20/20 Opticians, Duncan & Todd, Browns Opticians, James Hughes
amongst others. For the financial year ending 31st March 2024, Duncan &
Todd Ltd reported an annual turnover of £27.6m with a gross profit of
£18.9m a 12% increase on the previous year.
The property is held on a Full Repairing and insuring lease to Duncan and
Todd Ltd expiring 3rd July 2032 at a passing rent of £21,000 per annum.
Duncan and Todd Ltd are part of the larger Duncan and Todd Group
operation Optical and Hearing Clinics across Scotland. The group operates
43 units across Scotland employing over 370 staff with brands including
20/20 Opticians, Duncan & Todd, Browns Opticians, James Hughes
amongst others. For the financial year ending 31st March 2024, Duncan &
Todd Ltd reported an annual turnover of £27.6m with a gross profit of
£18.9m a 12% increase on the previous year.
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject
to a minimum of £2,500 inc VAT(£2,083.33 plus VAT).
30 * Please see Buyer’s Terms for definition of guide price
and auction fees