OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

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

Description

Full Address: 24 Galloway St, Let Barbers Investment, Dumfries, DG2 7TN

SUPER COMMERCIAL INVESTMENT OPPORTUNITY. Tenanted town centre barber shop (Settled long-term tenant established 2002) with immediate rental income of £2,004pa in HIGHLY PROMINENT commercial/ retail location within Dumfries Town Centre. *** NO VAT PAYABLE, property not vat elected. *** 100% Rates relief under small business scheme so no rates payable.

Settled long-term tenant- in place since 2002- running well-established business in SUPER LOCATION close to the heart of the busy town centre within the main commercial/ retail location in the South of Scotland.

EXCELLENT TRADING POSITION close to the heart of Dumfries town centre with high levels of passing footfall. Super addition to any portfolio with potential to increase rent to around £6,000 per annum

FANTASTIC LOCATION close to the heart of the main shopping/ commercial district of Dumfries and Galloway's main town with excellent footfall and highly visible frontage to an extremely busy main road.

Dumfries is the principal shopping and administrative centre in the Dumfries and Galloway region of southwest Scotland, with a population of around 40,000. Located on M74 and A75 trunk roads.

SUPER COMMERCIAL INVESTMENT OPPORTUNITY. Tenanted town centre barber shop with immediate rental income of £2,004 per annum in HIGHLY PROMINENT commercial/ retail location within Dumfries. Settled long-term tenant- in place since 2002- running well-established business in SUPER LOCATION close to the heart of the busy town centre within the main commercial/ retail location in the South of Scotland. EXCELLENT TRADING POSITION close to the heart of Dumfries town centre with high levels of passing footfall. Super addition to any portfolio with potential to increase rent up to £6,000 per annum. *** NO VAT PAYABLE, property not vat elected. *** 100% Rates relief under small business scheme so no rates payable. FANTASTIC LOCATION close to the heart of the main shopping/ commercial district of Dumfries and Galloway's main town with excellent footfall and highly visible frontage to an extremely main road. Dumfries is the principal shopping and administrative centre in the Dumfries and Galloway region of southwest Scotland, with a population of around 40,000. Located on M74 and A75 trunk roads.

Very prominent busy main road. Dumfries is the principal shopping and administrative centre in the Dumfries and Galloway region of southwest Scotland, with a population of around 37,500. The town lies approximately 75 miles south of Glasgow, 34 miles northwest of Carlisle and is bypassed by the A75 trunk road. The town’s retail catchment includes other nearby towns and villages, together with the surrounding rural hinterland.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling
Rent: £2,004 per year / £167 per month
Yield: 9% (approx)
Tenant: Company
Notes: Settled long-term tenant- in place since 2002- running well-established business

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Location

Pricing Information & Bidding

Opening Bid: £16,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + 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: 23 September 2021, 10am-3pm
Type: Timed Online Auction

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