PRIME Full Building 3 storey commercial 3,756sq ft in prime Town Centre Location. Let to Clydesdale Bank PLC T/A Virgin Money Rent: £40,000p.a Expiry: 31st January 2035. full repairing and insuring.
Other nearby occupiers include Upper Crust Deli, Boots, River Island, Marks and Spencer, Burton and Dorothy Perkin. The Loreburn Shopping Centre is also close-by.
The property is fitted out by the tenant in accordance with their corporate specifications, refitted in 2022 following the rebranding from Clydesdale Bank to Virgin Money.
The property benefits from a prominent frontage facing south with excellent natural light throughout the day, with large display windows.
The property comprises a 3 storey commercial development of traditional construction surmounted by a pitched roof. The property benefits from a prominent frontage facing south with excellent natural light throughout the day, with large display windows. The property is fitted out by the tenant in accordance with their corporate specifications, refitted in 2022 following the rebranding from Clydesdale Bank to Virgin Money. The property is held on a full repairing and insuring head lease on the following terms; Tenant: Clydesdale Bank PLC Expiry: 31st January 2035 Passing Rent: £40,000p.a Rent Review: 1st February 2030 Tenant Break: 31st January 2028 & 2031 Covenant Info: Clydesdale Bank PLC, now operating under the Virgin Money brand, reported a total operating income of over £1.8 billion for the fiscal year ending September 30, 2023. In the same period, the bank's total assets exceeded £183 billion, with £91.88 billion attributed to the group segment and £91.72 billion to the bank segment. These figures reflect the bank's financial performance prior to its acquisition by Nationwide Building Society in October 2024. Area Ground: 100.71sqm (1,084sq ft) 1st Floor: 95.13sqm (1,024sq ft) Second: 89.37sqm (963sq ft) Bsm: 63.64sqm (685sq ft)
The property is situated on the east side of High Street, north of its junction with English Street within the town of Dumfries. 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 Upper Crust Deli, Boots, River Island, Marks and Spencer, Burton and Dorothy Perkin. The Loreburn Shopping Centre is also close-by.
Full Address: 84-88 High St and 1-3 English St, Let Virgin Money Investment, Dumfries, DG1 2BJ
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