147 - 151 High Street Dumfries Dumfriesshire DG1 2RA

  • 147 - 151 High Street<br>Dumfries<br>Dumfriesshire<br>DG1 2RA

147 - 151 High Street
Dumfries
Dumfriesshire
DG1 2RA

Heritable Bank and Office Investment

  • Bank let to The Royal Bank of Scotland plc until 2027 (No breaks)
  • Rent reviewed to the higher of OpenMarket Rental Value or a fixed rental increase of 3.75% in 2021
  • Royal Bank of Scotland option to extend lease for a further 20 years
  • Pedestrianised town centre location close to Debenhams, Argos and WH Smith
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    43
  • Auction
    21st May 2015
  • Rent
    £113,428 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Bank and Office Investment

  • Bank let to The Royal Bank of Scotland plc until 2027 (No breaks)
  • Rent reviewed to the higher of OpenMarket Rental Value or a fixed rental increase of 3.75% in 2021
  • Royal Bank of Scotland option to extend lease for a further 20 years
  • Pedestrianised town centre location close to Debenhams, Argos and WH Smith
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 43
  • Auction 21st May 2015
  • Rent £113,428 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
34 miles west of Carlisle, 77 miles south of Glasgow
Roads
A75, A709, A74(M) (Junction 17 & 18)
Rail
Dumfries Railway Station
Air
Glasgow International Airport
Situation

The property is very well situated on the pedestrianised High Street opposite Queensbury Square. Nearby occupiers include Debenhams, WH Smith, Superdrug, Starbucks, Iceland, Argos and Marks & Spencer.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
34 miles west of Carlisle, 77 miles south of Glasgow
Roads
A75, A709, A74(M) (Junction 17 & 18)
Rail
Dumfries Railway Station
Air
Glasgow International Airport
Situation

The property is very well situated on the pedestrianised High Street opposite Queensbury Square. Nearby occupiers include Debenhams, WH Smith, Superdrug, Starbucks, Iceland, Argos and Marks & Spencer.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and part first floor and self-contained office accommodation on the part first and second floors. The property benefits from car parking to the rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Mhairi Jarvis. Email: mhairi.jarvis@acuitus.co.uk

EPC

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

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement and part first floor and self-contained office accommodation on the part first and second floors. The property benefits from car parking to the rear.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Mhairi Jarvis. Email: mhairi.jarvis@acuitus.co.uk

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/(Reversion)
Basement
Ground
Part First		 Ancillary
Banking Hall
Ancillary
116.13 sq m
297.65 sq m
28.99 sq m
(1,250 sq ft)
(3,204 sq ft)
(312 sq ft)
 THE ROYAL BANK OF SCOTLAND PLC (1) Approx 21 years from 13/12/2006 until 11/12/2027 £92,428 11/12/2021 (2)
11/12/2026
First
Second		 Office
Office
182.27 sq m
182.18 sq m
(1,962 sq ft)
(1,961 sq ft)
 MINERVA PEOPLE
LIMITED (3)		 7 years from 18/08/2011 (4) £21,000 17/08/2015
(16/08/2018)
Totals
807.22 sq m
(8,689 sq ft)
     £113,428

(1) Royal Bank of Scotland has over 17 million customers in the UK and is the largest SME Bank in the UK with over 1.1 million customers. (Source: www.rbs.com)
(2) The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%.
(3) Minerva People are Dumfries & Galloway’s leading professional training and recruitment specialists. (www.minervapeople.co.uk).
(4) The lease is subject to a schedule of condition.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Leslie Wolfson & Co. Solicitors 5th Floor, Waterloo Chambers , 19 Waterloo Street
Glasgow
G2 6BQ
Paul Ockrim 0141 270 7424po@lesliewolfson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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