Vacant Commercial Property LOT 143

47 Hanover Street, Stranraer, DG9 7RX

Timed Online Auction

25 August 2022, 10am-3pm

Bidding Closes in

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


Full Address: 47 Hanover Street, Stranraer, DG9 7RX

1,175sq ft Prime Town Centre Property. Rent Potential Of 15,000 - 18,000per year. Ground Floor Commercial ON Busy Thoroughfare with secondary Rear Access.

Hot Food Potential and Rates Free Opportunity under small business discount scheme.

The property has been measured and calculated to extend to the following net internal area; 109.16sqm (1,175sq ft).

Estimated Rental Value 15,000 - 18,000per year

The property benefits from rates exemption under the small business bonus scheme

Stranraer is located on the south west coast of Scotland, approximately 87 miles south of Glasgow, 50 miles south of Ayr and 73 miles west of Dumfries. The town has a population of around 13,000 persons with a large commuter and rural catchment. The town lies at the junction of the A75 and A77 road routes, with Cairnryan ferry terminal only six miles to the north, offering regular ferry crossings to Northern Ireland. The subject premises are located on the south side of Hanover Street, which lie in close proximity to the main retailing pitch on George Street. The surrounding occupiers are predominantly local businesses with a number of national occupiers located nearby. These are Lloyds Pharmacy, Royal Bank of Scotland and Subway.

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Pricing Information & Bidding

Opening Bid: £68,000

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 = 2.75% of Sale Price (Minimum £2,750 + vat)

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

Auction Details

Date & Time: 25 August 2022, 10am-3pm
Type: Timed Online Auction

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