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
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.
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.
