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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the instructions of LaSalle Investment Management

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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

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

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.