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Description
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 £14,000 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: NTST TRADING LIMITED AND AN INDIVIDUAL Term: 15 years from 20/06/2025 until 19/06/2040 on a full repairing and insuring lease. Rent: £14,000 Per annum Break clause year 5 and 10
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.
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 £14,000 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: NTST TRADING LIMITED AND AN INDIVIDUAL Term: 15 years from 20/06/2025 until 19/06/2040 on a full repairing and insuring lease. Rent: £14,000 Per annum Break clause year 5 and 10 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.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 15 Years
Rent: £14,000 per year / £1,167 per month
Yield: 18% (approx)
Tenant: Private Individual
Notes: NTST TRADING LIMITED AND AN INDIVIDUAL Break clause at year 5 and 10 £14,000 Per annum 20th June 2025 to 19th June 2040
Maps & Location
Map Street View SatelliteThe 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.
Document Downloads
Pricing Information & Bidding
Opening Bid: £80,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 10English Street, Let Commercial Investment, Dumfries