101 High Street Dumfries Dumfries & Galloway DG1 2BN

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
4th April 2019
Rent
£30,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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 4th April 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

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).

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. 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.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
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)	£30,000	18/03/2023
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.