114/116 Friars Vennel Dumfries DG1 2RE

114/116 Friars Vennel
Dumfries
DG1 2RE

Heritable Retail Investment

  • Let to Cancer Research UK
  • New 10 year lease from May 2017 (subject to option)
  • Nearby occupiers include Debenhams, Iceland, Boots the Chemist and JD Wetherspoon
  • Prominent trading position in the heart of the Dumfries Town Centre
  • Lot
    28
  • Auction
    19th October 2017
  • Rent
    £19,300 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the instructions of LaSalle Investment Management
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Let to Cancer Research UK
  • New 10 year lease from May 2017 (subject to option)
  • Nearby occupiers include Debenhams, Iceland, Boots the Chemist and JD Wetherspoon
  • Prominent trading position in the heart of the Dumfries Town Centre
  • Lot 28
  • Auction 19th October 2017
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the instructions of LaSalle Investment Management

Property Information

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

The property is situated on the southern side of Friars Vennel, close to its junction with the pedestrianised High Street, in the heart of the town centre. Nearby occupiers include Debenhams, Iceland, Boots the Chemist and JD Wetherspoon, with WH Smith, Superdrug and Starbucks also represented in the town.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

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

The property is situated on the southern side of Friars Vennel, close to its junction with the pedestrianised High Street, in the heart of the town centre. Nearby occupiers include Debenhams, Iceland, Boots the Chemist and JD Wetherspoon, with WH Smith, Superdrug and Starbucks also represented in the town.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor shop with ancillary accommodation on basement, first, second and attic floors.

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 a ground floor shop with ancillary accommodation on basement, first, second and attic floors.

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
Ground
Basement
First
Second
Attic
Retail
Ancillary
Ancillary
Ancillary
Ancillary
67.73 sq m
35.70 sq m
54.35 sq m
66.52 sq m
38.93 sq m
(729 sq ft)
(384 sq ft)
(585 sq ft)
(716 sq ft)
(419 sq ft)
CANCER
RESEARCH UK (1)
10 years from
16/05/2017 on a
full repairing and
insuring lease (2)
£19,300 16/05/2022
Total
263.23 sq m
(2,833 sq ft)
    £19,300  

(1) Cancer Research UK is the UK’s leading cancer charity. They fund world-class research into all aspects of cancer, providing information and influencing public policy. Cancer Research UK run over 600 shops across the UK (Source:
www.cancerresearchuk.org 18/09/2017). For the year ending 31st March 2017, Cancer Research UK reported pre-tax profits of £32,900,000 and a total net worth of £383,500,000 (Source: Experian Group 18/09/2017).
(2) The lease is subject to a mutual option to break on 15th May 2022.

Property Documents

  • Catalogue Page
    Updated Date
    26.09.17
    File Size
    1,023 KB
    View PDF
  • Site Plan
    Updated Date
    26.09.17
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Associate Auctioneers
Lewis & Partners
Matthew Clarke 020 7580 4333matthewclarke@lewisandpartners.com
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 West Regent Street
Glasgow
G2 1AP
Darina Kerr 0141 304 6070darina.kerr@cms-cmno.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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