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Prime Retail Pitch , High Street, Dumfries, DG1 2BJ

1,948 Sq Ft / Retail

For Sale - £259,000.00

Available - Last updated: 29 November 2020

The subjects comprise a ground, basement and partial first floor retail unit forming part of a larger mid-terraced building of traditional stone construction under a pitched and slated roof. The unit has a modern frontage with full height display windows and off-set customer entrance door. The principal accommodation includes a retail area, consultation room, staff room, staff welfare and storage. The property has been finished in line with the tenant’s corporate branding, including full width fascia signage. Internally the main customer areas have carpet floor coverings, painted walls and suspended acoustic tile ceilings

Location

Dumfries, with a population of around 37,500 is the largest town in Dumfries & Galloway as 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 A709 provides the shortest link to the A74(M) motorway at Lockerbie, which is some 12 miles distant.

The subjects occupy a prime location on the eastern side of the pedestrianised High Street, within the heart of the town centre. Other nearby commercial occupiers include Clydesdale Bank, Boots, River Island, Greggs, Marks & Spencer, Waterstones, Vodafone, Your Move, Bank of Scotland, Costa Coffee and The Loreburne Shopping Centre. Public car parking and transport links are available within easy walking distance.

Accommodation

Basement 37.00 sq m (398sq ft )

Ground Floor 106.80 sq m (1,150 sq ft )

First Floor 37.00 sq m (398sq ft )

TOTAL 180.80sq m ( 1,946 sq ft )

Terms

PASING RENT & LEASE TERMS The property is let on a typical Full Repairing & Insuring (FRI) lease basis. The lease expires on the 15th May 2023. The passing rent is £28,000 + VAT per annum..

THE TENANT The property is let to Vision Express (UK) Limited, a well known high street brand that has now been in operation for over three decades. Through a mix of organic growth and acquisition, Vison Express now has circa 575 stores throughout the UK and Ireland. Vision Express is also part of international optical retail group GrandVision NV, which extends to over 7,000 stores in 44 countries across the globe. Website – www.visionexpress.com

RATING ASSESSMENT RV - £22,400

SERVICES Mains water, electricity and drainage. Climate control is provided via a series of air-conditioning units.

Specification

  • GROUND, BSM & PARTIAL FIRST FLOOR 
  • LET TO: VISION EXPRESS (UK) LIMITED 
  • EXPIRY: 15TH MAY 2023 
  • PASSING RENT: £28,000 P.A. 
  • AUCTION DATE: 9TH DECEMBER 2020 2.30 PM 
  • GUIDE PRICE: £259,000

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale £259,000.00 NA

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Fraser Carson

Shepherd Commercial

01387 334024



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