Investment Consideration:
Heritable (Scottish Equivalent to English Freehold).
Prominent retail unit on Stranraer’s main retail thoroughfare.
Situated adjacent to Superdrug and Subway.
VAT is applicable to this property.
Nearby occupiers include M&Co, WH Smith, Boots and Santander Bank.
Property Description:
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
Tenancy:
The shop is at present let to Cats Protection Trustee Limited for a term of 10 years from 14th December 2016 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. The lease is subject to a tenant option to determine on 14th December 2021 and rent review is every fifth year. Cats Protection was established in 1927 and now operates from 250 volunteer run shops together with 32 adoption centres in the UK (www.cats.org.uk).
Location:
The property is situated in a prominent position within the town centre, on the northern side of George Street adjacent to Superdrug, Subway and the main town square. Other nearby occupiers include M&Co, WH Smith, Boots and Santander Bank.
