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
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.