Tenanted Commercial LOT 240

89 High Street, Dumfries, DG1 2BN
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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

***Prominent High Street commercial unit let to Bodycare on FRI LEASE - immediate rental income of £35,000 Per Annum. Substantial unit extends to approx. 5000 sq feet***

Let to Bodycare on FRI LEASE until May 2030. Perfect investment with rental income of £35,000 per annum. GUARANTEED RETURN ON INVESTMENT WITH 60% OF CAPITAL INVESTMENT OVER THE REMAINING LEASE TERM.

***Long term rental agreement with current tenant having been in place for around 20 years*** Security of new lease until May 2030***SOLID INVESTMENT backed by established brand and long lease***

***Ideal investment property*** SUPER SIZE AND LOCATION. Large Car Parking Facility close by. Prominent town centre location with excellent frontage*** **EXTENDED 6 WEEK COMPLETION ON THIS PROPERTY**

HIGH DEMAND COMMERCIAL LOCATION in the centre of Dumfries with nearby occupiers including Marks and Spencer, Debenhams, Starbucks, Argos, Boots, New Look, Paddy Power and Dorothy Perkins.

Prominent High Street commercial unit let to Bodycare on FRI LEASE - immediate rental income of £35,000 Per Annum. Substantial unit extends to approx. 5000 Sq. Ft over 3 levels. Let to Bodycare on FRI LEASE until May 2030 with no break clause. Rent has been rebased from £45,000. Bodycare are an established High Street brand with around 140 stores Nationwide. Perfect commercial investment with rental income of £35,000 per annum. This represents a rental yield of around 11% based on guide price. GUARANTEED RETURN ON INVESTMENT. ***EXTENDED 6 WEEK COMPLETION IS AVAILABLE ON THIS PROPERTY*** Impressive building occupying 3 levels PRIME SPOT on busy HIGH STREET. The subjects boast an accessible location in the centre of Dumfries overlooking the pedestrianised High Street. ***Ideal investment property*** ***VAT is payable on this transaction although TOGC terms can be applied*** SUPER SIZE AND LOCATION. Large car parking facility close by. Prominent town centre location with excellent frontage. HIGH DEMAND COMMERCIAL LOCATION in the centre of Dumfries with nearby occupiers including Marks and Spencer, Debenhams, Starbucks, Argos, Boots, New Look, Paddy Power and Dorothy Perkins.

DUMFRIES, with a population of around 37,500 persons, is the largest town in Dumfries and Galloway, and southwest Scotland's main shopping and administrative centre. The town lies approximately 75 miles south of Glasgow and 34 miles northwest of Carlisle, and occupies 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 boast an accessible location in the centre of Dumfries overlooking the pedestrianised High Street. There is adequate public car parking within short walking distance and there are good bus links in the vicinity. Other nearby occupiers include Vision Express, Boots, River Island, Marks and Spencer, Burton and Dorothy Perkin. The Loreburn Shopping Centre is also close-by.

Full Address: 89 High Street, Dumfries, DG1 2BN

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: May 2030
Rent: £35,000 per year / £2,917 per month
Yield: 12% (approx)
Tenant: Company
Notes: No break clause. Rent rebased from £45,000.

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Pricing Information & Bidding

Opening Bid: £288,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = % of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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