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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £2500 +vat)

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.

Description

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

1,175sq ft Prime Town Centre Property recently Let To Nail Bar on Personal Name. Undergoing Extensive Refurbishment. Expiry: February 2030 Passing Rent: £7,500p.a. Rear Access. Rates Free.

SUBSTANTIAL ground floor unit approx. 1,175sq ft in BUSY TOWN CENTRE location. Unit also has Class 3 Hot Food Restaurant Consent Granted and installation of Flue to rear elevation.

PRIME INVESTMENT PROPERTY Situated on the south side of Hanover Street. EXCELLENT TOWN CENTRE LOCATION WITH HIGH VOLUMES OF PASSING TRADE.

Nearby occupiers include Lloyds Pharmacy, Royal Bank of Scotland and Subway. PRIME TRADING LOCATION.

Stranraer is located on the south west coast of Scotland, approx. 87 miles south of Glasgow, 50 miles south of Ayr & 73 miles west of Dumfries. The town has a population of around 13,000 persons

The property comprises a ground floor retail unit within a larger two storey mid terrace building. The premises offer an open plan retail area, with storage and staff facilities located to the rear. There is a larger timber framed single glazed display window facing on to Hanover Street with proprietary signage above. The floors have been overlaid with laminate and linoleum floor coverings and the walls have been lined with stud partitions, plastered and painted. The ceiling is a suspended tile grid system and is interspersed with recessed L.E.D. light fittings with partitions erected to the rear to form individual treatment rooms Area The property has been measured and calculated to extend to the following net internal area; 109.16sqm (1,175sq ft) Executive Summary The property is let to a private individual operating a nail spa expiring February 2030 at a passing rent of £7,500p.a. There is a deposit held by the landlord of £1,875.

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.

Full Address: 47 Hanover Street, Let Nail Bar Investment, Stranraer, DG9 7RX

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2030
Rent: £7,500 per year / £625 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: 1,175sq ft Rates Free Let To Nail Bar on Personal Name Undergoing Extensive Refurbishment Expiry: February 2030 Passing Rent: £7,500p.a

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Pricing Information & Bidding

Opening Bid: £52,000

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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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 2% of Sale Price (Minimum £2,500 + 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: 06 March 2025, 10am-3pm
Type: Timed Online Auction

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