OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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

Description

Full Address: 5 Castle Street, Let Boots Investment, Stranraer, DG9 7RR

PRIME POSITIONED BOOTS PHARMACY INVESTMENT. Situated in the centre of Stranraer. Passing Rent £24,000 PER ANNUM. Excellent investment with guaranteed income.

SUBSTANTIAL SIZED property with Prominent Frontage. Extremely well-positioned within HIGH FOOTFALL commercial location. Passing Rent £24,000 Per Annum. Excellent ready let prime town centre unit.

100% SECURE INCOME to Grade A tenant. The subjects are let to Boots UK Ltd on Internal Repairing and Insuring lease expiring August 2025. Perfect secure investment property in popular retail location.

Situated on the east side of Castle Street, south of its junction with Charlotte Street within the town centre of Stranraer. Nearby occupiers include Superdrug, Subway and Santander.

Stranraer is a popular town to the west of Dumfries & Galloway. Stranraer is Dumfries & Galloway's second largest town, with a population including the surrounding area of nearly 13,000.

PRIME POSITIONED BOOTS PHARMACY INVESTMENT. Situated in the centre of Stranraer. Passing Rent £24,000 PER ANNUM. Excellent investment with guaranteed income. SUBSTANTIAL SIZED property with Prominent Frontage. Extremely well-positioned within HIGH FOOTFALL commercial location. Passing Rent £24,000 Per Annum. Excellent ready let prime town centre unit. The property comprises a 2 storey commercial development rendered and painted with a new bituminous felt roof, completed in 2018 with a 10yr guarantee. Offering a substantial aluminium framed and glazed frontage, the property benefits from double door access to the open plan retailing space, lighting is provided by way of fluorescent and L.E.D panels recessed within the suspended ceiling. A partition has been erected to the rear, behind which the loading bay, small office and w.c. facility along with access to common loading yard. The first floor is accessible via a concrete stair case, accessible from the rear, the upper floor offers staff room, office, w.c. facilities and storage. Ground: 175sqm (1,884sq ft) 1st: 318sqm (3,423sq ft) Total: 493sqm (5,307sq ft) Situated on the east side of Castle Street, south of its junction with Charlotte Street within the town centre of Stranraer. Nearby occupiers include Superdrug, Subway and Santander. 100% SECURE INCOME to Grade A tenant. The subjects are let to Boots UK Ltd on Internal Repairing and Insuring lease expiring August 2025. Perfect secure investment property in popular retail location.

Stranraer is a popular town to the west of Dumfries & Galloway. Stranraer is Dumfries & Galloway's second largest town, with a population including the surrounding area of nearly 13,000.

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Tenancy Details

Type of Agreement:
Length: until August 2025
Rent: £24,000 per year / £2,000 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Held on I.R.I Lease to “Boots UK Ltd” Expiry: August 2025 Passing Rent: £24,000p.a.x. Review: August 2023

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Location

Pricing Information & Bidding

Opening Bid: £247,000

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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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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