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Special Terms of Sale
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Buyers Fee
(?) 1% of Sale Price (Minimum of £3250 +vat)
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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
6,230sq ft Ground & 1st Floor Let To WH Smith with Passing Rent: £32,500p.a. Lease Expiry: January 2026. Prominent Corner Position with Rear Loading.
Total Area = 6,230 sq ft - Ground Floor 4,540 sq ft. 1st Floor 1,689 sq ft.
Excellent investment opportunity with blue chip tenant. Property elected for VAT and may be treated as a TOGC sale.
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 property forms a prominent corner commercial retail space over ground and first floor of steel framed construction surmounted by a pitched roof with common rear loading and parking. Benefits from a large aluminium framed and glazed frontage with recessed framed and glazed doors on George St. Internally the property is fitted out in accordance with the tenants corporate specifications with carpeted and laminated timber flooring throughout with partitions to the rear forming store room and loading area. The upper floor is accessed via a single staircase offering ancillary storage, office, staff room and wc facilities.
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.
Full Address: 21 George St, W.H Smith Investment, Stranraer, DG9 7RJ
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2026
Rent: £32,500 per year / £2,708 per month
Yield: 19% (approx)
Tenant: Company
Notes: WH Smith Retail Holdings Ltd t/a WH Smith
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Pricing Information & Bidding
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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SPECIAL Terms of Sale
- 10% Deposit
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
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Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
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Auction Details
Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction
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