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Description

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

READY LET RETAIL INVESTMENT*** in PRIME LOCATION Tenanted commercial property over ground, first & second floor located in the heart of the town centre. Held on a FRI Lease producing £12,000 per annum

Traditional three storey building providing ground floor retail and ancillary accommodation on the first and second floors Ground 124.49 sq m (1,340 sq ft) First & Second 94.48 sq m (1,017 sq ft)

Tenant: GAR TRADING LIMITED AND AN INDIVIDUAL (t/a Cashing Inn) Term: 10 years from 22/07/2016 until 21/07/2026 on a full repairing and insuring lease. Rent: £12,000 Per annum

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield. SUPER TRADING POSITION *** with highly visible frontage.

IDEAL LOCATION Nearby occupiers include Marks & Spencer, Boots,Waterstones, Clarks, River Island and the Loreburne Shopping Centre.

HERITABLE RETAIL INVESTMENT*** in PRIME LOCATION Tenanted commercial property over ground, first & second floor located in the heart of the town centre. Held on a FRI Lease producing £12,000 per annum Traditional three storey building providing ground floor retail and ancillary accommodation on the first and second floors Ground 124.49 sq m (1,340 sq ft) First & Second 94.48 sq m (1,017 sq ft) Tenant: GAR TRADING LIMITED AND AN INDIVIDUAL (t/a Cashing Inn) Term: 10 years from 22/07/2016 until 21/07/2026 on a full repairing and insuring lease. Rent: £12,000 Per annum PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield. SUPER TRADING POSITION *** with highly visible frontage. IDEAL LOCATION Nearby occupiers include Marks & Spencer, Boots,Waterstones, Clarks, River Island and the Loreburne Shopping Centre.

The property is situated in an excellent pedestrianised retail pitch on the south side of English Street, between its junctions with Loreburn Street and Queen Street in Dumfries town centre. The area has recently seen extensive regeneration with a revitalised pedestrian precinct & bus terminus to the front, now known as “Burns Square”. Dumfries is the largest town in Dumfries and Galloway with a resident population of c. 37,500 and is Southern Scotland’s main shopping and commerce centre approximately 75 miles south of Glasgow via the M74 motorway network and the A75 trunk road. Shared private parking and on-street parking is available in close proximity. Neighbouring occupiers include Virgin Money, Boots, Specsavers, Sushi City and the Loreburn Shopping Centre.

Full Address: 10 English Street, Let Commercial Investment, Dumfries, DG1 2BT

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £12,000 per year / £1,000 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: GAR TRADING LIMITED AND AN INDIVIDUAL (t/a Cashing Inn) 10 years from 22/07/2016 until 21/07/2026 on a full repairing. and insuring lease (1) £12,000 Per annum

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Pricing Information & Bidding

Opening Bid: £76,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 15 May 2025, 10am-3pm
Type: Timed Online Auction

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