Vacant Commercial Property LOT 77

88 High Street, Dumfries, DG1 2BJ
OPENING BID

Timed Online Auction

12 March 2021, 10am-4pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 88 High Street, Dumfries, DG1 2BJ

PRIME TOWN CENTRE commercial unit within thriving town centre. Large unit extends to approx. 1,560 Sq. Ft. EXCELLENT TRADING LOCATION. Rental Potential 12,000 - 15,000 *** nearby occupiers including Marks and Spencer, Debenhams, Starbucks, Argos, Boots, New Look, Paddy Power and Dorothy Perkins. ***

Realistic Rental Potential 12,000 - 15,000 Per Annum. FANTASTIC 20% YIELD potential at current guide price. WOULD GENERATE AN EXCELLENT RENTAL RETURN.

Situated on the east side of High Street, north of its junction with English Street within the town centre. Public car park. PRIME SPOT on busy HIGH STREET.

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.

Ideal investment property in town centre priced for a fast sale WOULD GENERATE A FANTASTIC INVESTMENT RETURN. Would let easily. Ideal long term investment.

Situated on the east side of High Street, north of its junction with English Street within the town centre. Public car park. PRIME SPOT on busy HIGH STREET. The upper floor office accommodation is accessed via a partially recessed controlled entry door to the side of the retail units. The office space extends to a large open plan office with ancillary office space, kitchen facilities and separate toilets. Access to the suites is via a common entrance door from the High Street and a shared internal stair. Each suite has a separate buzzer entry system. Internally the space is bright with natural daylight captured via double glazed windows. Realistic Rental Potential 12,000 - 15,000 Per Annum. FANTASTIC 20% YIELD potential at current guide price. WOULD GENERATE AN EXCELLENT RENTAL RETURN. 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. Ideal investment property in town centre priced for a fast sale WOULD GENERATE A FANTASTIC INVESTMENT RETURN. Would let easily. Ideal long term investment.

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.

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Pricing Information & Bidding

Opening Bid: £42,750

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 12 March 2021, 10am-4pm
Type: Timed Online Auction

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