21-31 George Street and 3-7 South Strand Street Stranraer DG9 7RJ

21-31 George Street and 3-7 South Strand Street
Stranraer
DG9 7RJ

Substantial Heritable Retail Parade Investment

Well Let Retail Parade in Popular Town Centre
Occupiers include WH Smith, Cancer Research and Scottish Enterprise & Skills Development Scotland
Neighbouring Retail Occupiers Include Subway, Boots and Original Factory Shop
Total Approximate Floor Area of 1,930.07 sq m (20,768 sq ft)

Lot
27
Auction
13th December 2023
Rent
£90,030 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Substantial Heritable Retail Parade Investment

Well Let Retail Parade in Popular Town Centre
Occupiers include WH Smith, Cancer Research and Scottish Enterprise & Skills Development Scotland
Neighbouring Retail Occupiers Include Subway, Boots and Original Factory Shop
Total Approximate Floor Area of 1,930.07 sq m (20,768 sq ft)

Lot 27
Auction 13th December 2023
Rent £90,030 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 49 miles south-west of Ayr, 66 miles south-west of Dumfries
Roads: A77, A75
Rail: Stranraer Railway Station
Air: Glasgow International Airport

Situation

The parade of properties is situated in a prominent position on South Strand Street and southern side of George Street facing onto Castle Square. Nearby occupiers include Superdrug, Subway, Boots and Original Factory Shop.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 49 miles south-west of Ayr, 66 miles south-west of Dumfries
Roads: A77, A75
Rail: Stranraer Railway Station
Air: Glasgow International Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The parade in its current configuration, comprises 6 retail shop units, each with sales floors at ground floor and ancillary and staff accommodation at first floor. The former M&Co unit benefits from a lift accessing the first floor. The total approximate floor area is 1,930.07 sq m (20,768 sq ft).

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
21 George Street	Ground First	Retail Ancillary	421.85 156.96	(4,540) (1,689)	WH SMITH RETAIL HOLDINGS LTD t/a WHSmith (3)	5 years from 16/01/2021 (1)	£32,500
23-29 George Street	Ground First	Retail Ancillary	438.76 320.97	(4,722) (3,454)	VACANT POSSESSION
31 George Street	Ground First	Retail Ancillary	118.07 57.88	(1,270) (623)	CLARK CONTRACTS LIMITED	18 months from 23/11/2023	£16,800
3 South Strand Street	Ground First	Retail Ancillary	89.83 36.77	(966) (395)	INDIVIDUALS t/a WC Laundry and Supplies	5 years from 01/03/2022	£6,480
5 South Strand Street	Ground First	Retail Ancillary	87.93 30.40	(946) (327)	CANCER RESEARCH UK	1 year from 24/11/2023(2)	£14,250
7 South Strand Street	Ground First	Retail Ancillary	121.07 49.58	(1,303) (533)	SKILLS DEVELOPMENT SCOTLAND	21 years from 15/06/2005 (4)	£20,000
Total			1,930.07	(20,768)			£90,030

(1) The lease to WH Smith Retail Holdings Ltd t/a WHSmith there are further tenant break options on 15/2/24 and 15/2/25 on 4 months notice. Please see the legal pack for further information.
(2) The lease to Cancer Research UK is on Tacit Relocation at the passing rent until 23/11/24. Please see the legal pack for further information
(3)For the year ending 31/08/2022 WHSmith Retail Holdings reported a Turnover of £191,656,000 (NorthRow 24/11/2023).
(4) The lease provides for a tenant option to determine the lease on 15/06/2024.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.