10 English Street
Dumfries
DG1 2BT

Heritable Retail Investment

  • Excellent trading position in the heart of the town centre
  • Nearby occupiers include Marks & Spencer, Boots, Waterstones, Clarks, River Island and the Loreburne Shopping Centre
  • Tenant has been trading from the property since 2001
  • Lot
    75
  • Auction
    13/Jul/2017
  • Rent
    £12,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 10 English Street<br>Dumfries<br>DG1 2BT
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Property Information

Location
Miles
34 miles west of Carlisle,, 77 miles south of Glasgow
Roads
M74 (junction 17 and 18), A75, A709
Rail
Dumfries Station 0.4 miles
Air
Carlisle Airport 37 miles
Situation

The property is situated in an excellent pedestrianised retail pitch on the south side of English Street close to its junction with the High Street in Dumfries town centre. Nearby occupiers include Marks & Spencer, Boots, Waterstones, Clarks, River Island and the Loreburne Shopping Centre.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a traditional three storey building providing ground floor retail accommodation and ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground

First & Second
Retail/
Ancillary
Ancillary
124.49 sq m

94.48 sq m
(1,340 sq ft)

(1,017 sq ft)
GAR TRADING LIMITED
AND AN INDIVIDUAL
(t/a Cashing Inn)
10 years from
22/07/2016 until
21/07/2026 on a
full repairing. and
insuring lease (1)
£12,00022/07/2021
Total
218.97 sq m
(2,357 sq ft)
  £12,000 

(1) The lease provides for a tenant option to determine on 22nd July 2021.

Property Documents

  • Site Plan
    Updated Date
    21.06.17
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    21.06.17
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi JarvisMhairi Jarvis +44 (0)131 552 5191 +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Seller's Solicitors
Morton Fraser LLP Quarter Mile 2, Lister Square
Edinburgh
EH3 9GL
Stuart Dick 0131 2471 249stuart.dick@morton-fraser.com

Useful Links

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