Tenanted Commercial Property LOT 177

92 High Street, Vision Express, Dumfries, DG1 2BJ
GUIDE PRICE

Deadline for Offers

09 December 2021, 3pm

Bidding Closes in

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

Description

Full Address: 92 High Street, Vision Express, Dumfries, DG1 2BJ

Prominent High Street commercial unit let Vision Express UK Ltd on FRI LEASE - immediate rental income of 28,000 Per Annum. Substantial unit extends to approx. 1,946 Sq. Ft (180.8 Sqm.)

Let to Vision Express UK Ltd on FRI LEASE until May 2023. Perfect commercial investment with rental income of 28,000 per annum. GUARANTEED RETURN ON INVESTMENT

PRIME SPOT on busy HIGH STREET. The subjects boast an accessible location in the centre of Dumfries overlooking the pedestrianised High Street.

***Ideal investment property*** SUPER SIZE AND LOCATION. Large Car Parking Facility close by. Prominent town centre location with excellent frontage.

HIGH DEMAND COMMERCIAL LOCATION in the centre of Dumfries with nearby occupiers including Marks and Spencer, Debenhams, Starbucks, Argos, Boots, New Look, Paddy Power and Dorothy Perkins.

Prominent High Street commercial unit let Vision Express UK Ltd on FRI LEASE - immediate rental income of 28,000 Per Annum. Substantial unit extends to approx. 1,946 Sq. Ft (180.8 Sqm.) Let to Vision Express UK Ltd on FRI LEASE until May 2023. Perfect commercial investment with rental income of 28,000 per annum. PRIME SPOT on busy HIGH STREET. The subjects boast an accessible location in the centre of Dumfries overlooking the pedestrianised High Street. ***Ideal investment property*** SUPER SIZE AND LOCATION. Large Car Parking Facility close by. Prominent town centre location with excellent frontage. Currently let to: Vision Express UK Ltd. Passing Rent of 28,000 Per Annum. Tenanted until 15th May 2023. HIGH DEMAND COMMERCIAL LOCATION in the centre of Dumfries with nearby occupiers including Marks and Spencer, Debenhams, Starbucks, Argos, Boots, New Look, Paddy Power and Dorothy Perkins.

DUMFRIES, with a population of around 37,500 persons, is the largest town in Dumfries and Galloway, and southwest Scotland's main shopping and administrative centre. The town lies approximately 75 miles south of Glasgow and 34 miles northwest of Carlisle, and occupies a strategic location at the intersection of the A75, A76 and A701 trunk roads. The A709 provides the shortest link to the A74 (M) motorway at Lockerbie, which is some 12 miles distant. The subjects boast an accessible location in the centre of Dumfries overlooking the pedestrianised High Street. There is adequate public car parking within short walking distance and there are good bus links in the vicinity. Other nearby occupiers include Vision Express, Boots, River Island, Marks and Spencer, Burton and Dorothy Perkin. The Loreburn Shopping Centre is also close-by.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: LET VISION EXPRESS EXTENDED LEASE
Rent: 28,000 per year / 2,333 per month
Yield: 12% (approx)
Tenant: Company
Notes:

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Location

Pricing Information & Bidding

Guide Price: £230,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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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: 09 December 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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