101 High Street
Dumfries
Dumfries & Galloway
DG1 2BN

Heritable Retail Investment

  • Entirely let to Coral Racing Limited until 2028 (subject to option)
  • Prominent central location in an attractive market town
  • Nearby retailers include Costa, Boots the Chemist, WHSmith, Starbucks, Clarks and Santander, TSB and RBS banks
  • Lot
    21
  • Auction
    04/Apr/2019
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • 101 High Street<br>Dumfries<br>Dumfries & Galloway<br>DG1 2BN
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* More information on the term "price" can be found here

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

Dumfries is the main commercial centre for the south-west of Scotland and the Dumfries and Galloway area. The property is situated in the heart of the town centre on the western side of the pedestrianised High Street, close to its junction with Bank Street. Nearby occupiers include Costa, Boots the Chemist, WHSmith, Starbucks, Clarks and Santander, TSB and RBS banks.

Tenure

Heritable. Heritable (Scottish equivalent of Freehold).

Description

The property comprises a ground floor shop, with ancillary accommodation arranged on the first floor.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
First
Retail/Ancillary
Ancillary
69.12 sq m
69.39 sq m
(744 sq ft)
(747 sq ft)
CORAL RACING
LIMITED (1)
15 years from
18/03/2013 until
17/03/2028 on a full
repairing and insuring
lease (2)
£30,00018/03/2023
Total
138.51 sq m
(1,491 sq ft)
  £30,000 

(1) For the year ending 31st December 2017, Coral Racing Limited reported a turnover of £598,371,000, pre-tax profits of
£7,642,000 and a total net worth of £75,914,000.
(2) There is a tenant option to determine the lease on 17th March 2023.

Property Documents

  • Site Plan
    Updated Date
    08.04.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    08.04.19
    File Size
    715 KB
    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 JarvisMhairi Jarvis +44 (0)131 552 5191 +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Seller's Solicitors
Burness Paull 120 Bothwell Street
Glasgow
G2 7JL
Colin Gillies 0141 273 6749Colin.Gillies@burnesspaull.com

Useful Links

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