The portfolio comprises a mix of traditional and modern purpose-built retail / office properties. Most are ground floor units, with the exception of 84 King Street, Castle Douglas which is a first-floor office. All the ground floor properties form part of larger tenements/developments which include rented residential flats over the upper floors. Below 84 King Street, Castle Douglas is a self-contained retail unit, in separate ownership. All the properties are of standard construction having either stone or brick walls surmounted by pitched and slate / tile clad roofs.
Location
The properties are located within the Dumfries and Galloway Council region of south west Scotland. To the east of the region is the A74 motorway, with principal junctions at Gretna, Lockerbie and Moffat. Other road links include the A75 (Gretna to Stranraer), A76 (Dumfries to Kilmarnock) and A701 (Dumfries to Edinburgh).
Train stations are located at Dumfries and Lockerbie. DUMFRIES, with a population of around 37,500, is the largest town in Dumfries and Galloway and is south west Scotland’s main shopping and administrative centre. CASTLE DOUGLAS, is the main service centre within the Stewartry district of Dumfries and Galloway, located approximately 18 miles to the west of Dumfries, with a population of circa 3,700. MOFFAT, which has a population in the order of 2,500, lies in the Annandale district of Dumfries & Galloway, around 21 miles to the north east of Dumfries. Both Moffat and Castle Douglas are popular local tourist towns, with Moffat also positioned on the scenic route to Edinburgh.
Terms
TENANTS & LEASE TERMS Details as to the occupiers, passing rents and lease termination dates for each of the properties is set out on the front page of these sales particulars. The existing leases have been prepared on a Full Repairing and Insuring (FRI) basis, with the exception of 84 King Street, Castle Douglas. Further information and copies of the lease documentation can be made available on request to genuinely interested parties.
ENERGY PERFORMANCE CERTIFICATE (EPC) 84 King Street, Castle Douglas E 76 143 King Street, Castle Douglas G 139 149-151 King Street, Castle Douglas G 128 155 King Street, Castle Douglas G 143 1 Ladyknowe, Moffat D 52 3 Ladyknowe, Moffat D 60 5 Ladyknowe, Moffat D 59 7 Ladyknowe, Moffat D 60 166 St. Michael Street, Dumfries Pending 170 St. Michael Street, Dumfries Pending
PURCHASE PRICE Our clients are willing to consider purchase offers on the portfolio as a whole, on multiple lots or on individual properties. A pricing schedule has been prepared detailing the individual asking prices and is available upon request. For further information on asking prices and lot sizes, please contact the joint selling agents.
VALUE ADDED TAX Prospective purchasers are advised to satisfy themselves independently as to the incidence of VAT in respect of any future transaction.
LEGAL COSTS Each party will be responsible for their own legal expenses however, in the normal manner, the purchaser(s) will be responsible for LBTT, registration dues and VAT where applicable.
PLANNING We assume the properties held within this portfolio benefit from Class 1 (Retail), Class 2 (Office) or Class 4 (Business) use consent. A number of the properties are suited for other commercial uses as well as possible conversion for residential use, subject to obtaining the necessary consents. All enquiries surrounding current or proposed uses should be directed to the Dumfries and Galloway Planning Department
Specification
- Town Centre Office Investment
- 34.00 sq.m. (366 sq.ft.)
- Let to Key Housing Association
- Rent £XXX per annum
- Month to Month License Agreement