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Description
6,230sq ft Ground & 1st Floor Let To WH Smith with Passing Rent: £32,500p.a. Lease Expiry: January 2026. Prominent Corner Position with Rear Loading.
Total Area = 6,230 sq ft - Ground Floor 4,540 sq ft. 1st Floor 1,689 sq ft.
Excellent investment opportunity with blue chip tenant. Property elected for VAT and may be treated as a TOGC sale.
Stranraer is located on the south west coast of Scotland, approximately 87 miles south of Glasgow, 50 miles south of Ayr and 73 miles west of Dumfries.
The town has a population of around 13,000 persons with a large commuter and rural catchment.
The property forms a prominent corner commercial retail space over ground and first floor of steel framed construction surmounted by a pitched roof with common rear loading and parking. Benefits from a large aluminium framed and glazed frontage with recessed framed and glazed doors on George St. Internally the property is fitted out in accordance with the tenants corporate specifications with carpeted and laminated timber flooring throughout with partitions to the rear forming store room and loading area. The upper floor is accessed via a single staircase offering ancillary storage, office, staff room and wc facilities.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 2026
Rent: £32,500 per year / £2,708 per month
Yield: 10% (approx)
Tenant: Company
Notes: WH Smith Retail Holdings Ltd t/a WH Smith
Maps & Location
Map Street View SatelliteStranraer is located on the south west coast of Scotland, approximately 87 miles south of Glasgow, 50 miles south of Ayr and 73 miles west of Dumfries. The town has a population of around 13,000 persons with a large commuter and rural catchment. The town lies at the junction of the A75 and A77 road routes, with Cairnryan ferry terminal only six miles to the north, offering regular ferry crossings to Northern Ireland.
Document Downloads
Pricing Information & Bidding
Opening Bid: £312,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 21George St, W.H Smith Investment, Stranraer