The subjects comprise a mid-terraced ground and first floor retail / office building, with single storey rear projection. The main walls appear to be of traditional stone construction, with a painted external finish, surmounted by a pitched and slated roof at the front and a flat roof at the rear. The unit has an attractive traditional shop frontage, with moulded timbers, two display windows, a central customer entrance door and full-width fascia signage.
Location
CASTLE DOUGLAS, with a population of circa 4,000, is the main administrative town serving the Stewartry district of Dumfries & Galloway. The town is a popular boutique shopping destination, attracting good levels of tourist trade, and is also the main market town for the surrounding rural areas. In addition, Castle Douglas is now well established as the regions ‘Food Town’ hosting a variety of events throughout the year and supporting many local businesses within the food & drink sector. The town is bypassed by the A75 trunk road and is located at its junction with the A713.
Accommodation
Ground Floor 78.20 sq m(842 sq ft )
First Floor 26.11 sq m (281sq ft )
TOTAL 104.31 sq m (1,123sq ft )
Terms
SERVICES The property is connected to mains supplies of water and electricity, with drainage into the main public sewer. Space heating is provided by a series of floor mounted electric storage radiators and wall mounted electric panel radiators. Air conditioning has also been installed.
ENERGY PERFORMANCE CERTIFICATE (EPC) Energy Performance Rating: Pending A copy of the EPC is available on request.
PRICE Purchase offers around £170,000 are invited for our client's heritable interest
LEASE TERMS The property is let on a typical Full Repairing & Insuring basis. The original lease commenced on 19th November 1992 although has since been extended on two separate occasions and expires on 18th November 2028. There is also a tenant break option on 18th November 2025. The passing rent is £14,250 p.a.x. however there is an upward only open market rent review on 19th November 2025, and every three years thereafter.
RATING ASSESSMENT RV - £9,100. The property therefore qualifies for 100% rates relief under the Small Business Bonus Scheme
Specification
- PRIME PITCH WITHIN TOURIST TOWN
- TWO STOREY BUILDING WITH REAR PROJECTION
- ATTRACTIVE TRADITIONAL SALES FRONTAGE
- LET TO: GILLESPIE GIFFORD & BROWN (LLP)
- EXPIRY: 18TH NOVEMBER 2028
- FULL REPAIRING & INSURING LEASE
- PASSING RENT: £14,250 PER ANNUM