Prominent retail unit within town centre of Dumfries
Within main shopping street
Full Building
1,752sq ft
Held on F.R.I Lease
Expiry 20th September 2033
Passing Rent: £12,000p.a.
Price: £119,000
Location
The property is situated to the west of High Street, adjacent to the Midsteeple and within the town centre of Dumfries. High Street is the min shopping street within the town and is pedestrainised. The town centre benefits from ample free car parking which is both on-street and within a number of surrounding car parks.
A number of national traders are represented within the street, including Mountain Warehouse, Waterstones, M+S, Clarks, Costa and Shoezone. Occupiers in the locality include a mix of independent and national traders.
Dumfries comprises the main town town and administrative centre within the Dumfries and Galloway region. The town has a resident population of approximately 32,000 persons. The town is located north of the Solway Firth, and on the main A75 road which leads from Stranraer in the west to Carlisle (via the M6) in the east. The A701 and A75 provide direct connections to the M74/M6, being the main road leading from Scotland to the border.
The town benefits from good public transport connections, with a mainline railway station in the centre of the town, and a number of local and regional bus services.
Property
The property comprises a retail unit, formed within a traditional mid-terraced property, designed over three floors plus attic and constructed of sandstone, with a pitched and slated roof.
The shop is double fronted and finished in painted timber, incorporating timber framed single glazed windows and a recessed central entrance doorway. Above the shopfront is a timber fascia board.
Internally, the space at ground floor is designed to a modern standard and forms main barbering area, staff office and toilet accommodation.
The main retail area has a concrete floor overlaid in carpet, plasterboard walls and a suspended acoustic tiled ceiling incorporating heating and lighting systems. Toilets are formed to the rear and are designed to a modern standard.
The first, second and attic floors provide basic storage.
Area
We calculate the property to extend to the following areas:
Ground floor: 81.00sqm (872sq ft)
1st floor: 32.30sqm (348sq ft)
2nd floor: 29.70sqm (320sq ft)
Attic floor: 19.80sqm (213sq ft)
TOTAL: 162.80sqm (1,752sq ft)
NAV/RV
The property has been entered onto the valuation roll with the following NAV/RV
£11,900
The property qualifies for rates exemption under the small business bonus scheme
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Personal Name - Operating as barber shop
Expiry: 20th September 2033
Rent: £12,000p.a.
Rent Review: 21st September 2029
Tenant Break: 21st September 2027
Price
The property is available on a freehold basis for £119,000
V.A.T.
Figures quoted exclusive of V.A.T
Legal
Each party shall bear their own legal costs incurred in the transaction
Lease & Title
Available on request
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time