Prominent retail unit on Stranraer’s main retail thoroughfare
New 10 year lease (subject to option)
Rent rebased from £25,000 p.a.x. to £15,000 p.a.x.
Situated adjacent to Superdrug and Subway
Nearby occupiers include M&Co, WH Smith, Boots and Santander Bank
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 55
Auction 25th May 2017
Rent £15,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
49 miles south-west of Ayr, 66 miles south-west of Dumfries
Roads
A77, A75
Rail
Stranraer Railway Station
Air
Glasgow International Airport
Situation
The property is situated in a prominent position within the town centre, on the northern side of George Street adjacent to Superdrug, Subway and the main town square. Other nearby occupiers include M&Co, WH Smith, Boots and Santander Bank.
Tenure
Heritable. (Scottish Equivalent to an English Freehold).
Location
Miles
49 miles south-west of Ayr, 66 miles south-west of Dumfries
Roads
A77, A75
Rail
Stranraer Railway Station
Air
Glasgow International Airport
Situation
The property is situated in a prominent position within the town centre, on the northern side of George Street adjacent to Superdrug, Subway and the main town square. Other nearby occupiers include M&Co, WH Smith, Boots and Santander Bank.
Tenure
Heritable. (Scottish Equivalent to an English Freehold).
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground First
Retail/Ancillary Ancillary
76.95 sq m 76.26 sq m
(828 sq ft) (821 sq ft)
CATS PROTECTION TRUSTEE LIMITED (1)
10 years from 14/12/2016 on a full repairing and insuring lease (2)
£15,000
14/12/2021 (13/12/2026)
Total
153.21 sq m
(1,649 sq ft)
£15,000
(1) Cats Protection was established in 1927 and now operates from 250 volunteer run shops together with 32 adoption centres in the UK (www.cats.org.uk). (2) The lease is subject to a tenant option to determine on 14th December 2021.
