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Retail Investment For Sale, Glasgow Street, Dumfries, DG2 9AF

183 Sq Ft / Retail

Withdrawn - Last updated: 11 August 2022

The property comprises a ground floor retail unit forming part of a larger two storey and attic mid-terraced building of traditional construction. The property is category B listed and has an attractive painted ashlar frontage with sizeable display window and architrave detail. The larger building is made up of two further ground floor retail units along with upper floor residential flats, all of which are in separate ownership.

Location

Dumfries, with a population of around 37,500 is the largest town in Dumfries & Galloway and is therefore South West Scotland’s main shopping and administrative centre. The town lies approximately 75 miles south of Glasgow and 34 miles north west of Carlisle, occupying a strategic location at the intersection of the A75, A76 and A701 trunk roads. The subjects are located on the western side of Glasgow Street, which is a dual carriage road linking Dumfries town centre to Cuckoo Bridge Retail Park, the A75 & A76, together with the large residential suburbs of Lincluden and Lochside. The unit therefore benefits from a high level of passing traffic, whilst remaining within walking distance of town centre amenities.

Accommodation

Ground Floor 17.00sq m ( 183sq ft )

Terms

RATING ASSESSMENT RV: £XXX 100% rates relief will be available to those that qualify under the Small Business Bonus Scheme

AUCTION DATE The auction will be held on 8 th June 2022 at XXXm and interested parties should register at: www.shepherd.co.uk/commercial-auctions Buyers will be required to pre-register prior to approval of their bid.

DEPOSIT At the end of the auction, if the reserve price has been met, a 10% deposit (subject to a minimum deposit of £XXX) will be payable.

RESERVE PRICE The reserve price is the minimum price for which the property can be sold and is confidential between the auctioneer and the vendor and cannot be disclosed. If the reserve price isn’t met, the property will remain unsold. You can contact our team and at this point you’ll be able to make an offer which will be referred to the sellers for their consideration.

GUIDE PRICE Properties advertised with a guide price is within 10% above or below the reserve price when a single figure is stated. If the guide price is a bracket figure, the reserve price cannot exceed the top end of the bracket price.

BUYER FEES Details of the buyer fees associated with this property can be found on the individual property page.

LEGAL PACK The legal packs are available to view online

VAT The property is not elected for VAT and as such VAT will not be payable on the purchase price.

ENERGY PERFORMANCE CERTIFICATE The subjects have an EPC Rating of Pending.

Specification

  •  FRONTING ARTERIAL ROAD
  • OPPOSITE PUBLIC CAR PARK 
  • QUALIFIES FOR 100% RATES RELIEF 
  • CATEGORY B LISTED 
  • NOT VAT ELECTED 
  • AUCTION DATE: 8 TH JUNE 2022 @ 2.30 PM 
  • GUIDE PRICE: £XXX


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