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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Prominent High Street commercial unit let Vision Express UK Ltd on FRI LEASE - immediate rental income of £21,500 Per Annum. Substantial unit extends to approx. 1,946 Sq. Ft (180.8 Sqm.)

Let to Vision Express UK Ltd on FRI LEASE until November 2028. Perfect commercial investment with rental income of £21,500 per annum. GUARANTEED RETURN ON INVESTMENT

PRIME SPOT on busy HIGH STREET. The subjects boast an accessible location in the centre of Dumfries overlooking the pedestrianised High Street.

***Ideal investment property*** SUPER SIZE AND LOCATION. Large Car Parking Facility close by. Prominent town centre location with excellent frontage.

HIGH DEMAND COMMERCIAL LOCATION in the centre of Dumfries with nearby occupiers including Marks and Spencer, Debenhams, Starbucks, Argos, Boots, New Look, Paddy Power and Dorothy Perkins.

Prominent High Street commercial unit let Vision Express UK Ltd on FRI LEASE - immediate rental income of £21,500 Per Annum. Substantial unit extends to approx. 1,946 Sq. Ft (180.8 Sqm.). Let to Vision Express UK Ltd on FRI LEASE until November 2028. Perfect commercial investment with rental income of £21,500 per annum. GUARANTEED RETURN ON INVESTMENT. PRIME SPOT on busy HIGH STREET. The subjects boast an accessible location in the centre of Dumfries overlooking the pedestrianised High Street. ***Ideal investment property*** SUPER SIZE AND LOCATION. Large Car Parking Facility close by. Prominent town centre location with excellent frontage. HIGH DEMAND COMMERCIAL LOCATION in the centre of Dumfries with nearby occupiers including Marks and Spencer, Debenhams, Starbucks, Argos, Boots, New Look, Paddy Power and Dorothy Perkins.

DUMFRIES, with a population of around 37,500 persons, is the largest town in Dumfries and Galloway, and southwest Scotland's main shopping and administrative centre. The town lies approximately 75 miles south of Glasgow and 34 miles northwest of Carlisle, and occupies a strategic location at the intersection of the A75, A76 and A701 trunk roads. The A709 provides the shortest link to the A74 (M) motorway at Lockerbie, which is some 12 miles distant. The subjects boast an accessible location in the centre of Dumfries overlooking the pedestrianised High Street. There is adequate public car parking within short walking distance and there are good bus links in the vicinity. Other nearby occupiers include Vision Express, Boots, River Island, Marks and Spencer, Burton and Dorothy Perkin. The Loreburn Shopping Centre is also close-by.

Full Address: 90 High Street, Vision Express, Dumfries, DG1 2BJ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until November 2028
Rent: £21,500 per year / £1,792 per month
Yield: 16% (approx)
Tenant: Company
Notes: Let to Vision Express UK Ltd on FRI LEASE until November 2028. Perfect commercial investment with rental income of £21,500 per annum.

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Pricing Information & Bidding

Opening Bid: £136,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £187,000

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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