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BOOTS RETAIL INVESTMENT - GEORGE STREET, STRANRAER - PASSING RENT £24,000P.A.X.

For sale: POA|5,307 Sq Ft|Office, Retail - High Street, Offices, Retail

Property details

FOR SALEPOA
SIZE5,307 Sq Ft
ADDRESSBoots the Chemists Ltd, 5B Castle Street, Stranraer, Dumfries and Galloway, DG9 7RR
TYPEOffice, Retail - High Street, Offices, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON25th October 2021

Description

Established Trading Location
Ground & 1st Floor
Held on I.R.I Lease to “Boots UK Ltd”
Expiry: August 2025
Passing Rent: £24,000p.a.x.
Review: August 2023
Price: £280,000+

Location

The property is situated on the east side of Castle Street, south of its junction with Charlotte Street within the town centre of Stranraer. Stranraer is Scotland’s main passenger port town linking both Northern and the Republic of Ireland.
Stranraer lies on the shores of Loch Ryan, on the northern side of the isthmus joining the Rhins of Galloway to the mainland. Stranraer is Dumfries and Galloway’s second-largest town, with a population including the surrounding area of nearly 13,000. Neighbouring occupiers include Superdrug, Subway, Santander and the Stranraer Library.

Property

The property comprises a 2 storey commercial development rendered and painted with a new bituminous felt roof, completed in 2018 with a 10yr guarantee.

Offering a substantial aluminium framed and glazed frontage, the property benefits from double door access to the open plan retailing space, lighting is provided by way of fluorescent and L.E.D panels recessed within the suspended ceiling. A partition has been erected to the rear, behind which the loading bay, small office and w.c. facility along with access to common loading yard.

The first floor is accessible via a concrete stair case, accessible from the rear, the upper floor offers staff room, office, w.c. facilities and storage.

Area

The property extends to the following net internal areas;

Ground: 175sqm (1,884sq ft)
1st: 318sqm (3,423sq ft)

Total: 493sqm (5,307sq ft)

Investment Summary

The property is held on an internal repairing and insuring head lease on the following terms;

Tenant: Boots UK Ltd
Expiry: 19th August 2025
Passing Rent: £24,000p.a.x. (Plus Service Charge)
Review: August 2023

Price

The property is available on a freehold basis for offers over £280,000

V.A.T.

The property has been elected for V.A.T. The transaction may be treated as a T.O.G.C (Transfer of a Going Concern)

Title & Lease

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.

Location

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Location: Boots the Chemists Ltd, 5B Castle Street, Stranraer, Dumfries and Galloway, DG9 7RR

Stranraer (0.3 miles)

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