Neighbourhood Convenience Store
Off Licence
Let on Personal Name
Expiry May 2028
Passing Rent £XXXp.a
V.A.T Free Investment
Price o/o £XXX
Location
The property is situated on the west side of of Dalrymple Street at its junction with Academy Street in a densely populated area of Stranraer on the outskirts of the town centre.
Stranraer is located within the Wigtownshie area of the Dumfries and Galloway region, around 87 miles south west of Glasgow, 50 miles from Ayr and 72 miles west of Dumfries, with the town lying at the convergence of the A77 and A75 road routes. Stranraer has a population of around 10,500 persons with a Wigtownshire catchment of around 29,000 persons.
Neighbouring occupiers include Galloway Community Hosptial, Waverley Medical Centre, Abonny Guest House & Thistle Inn.
Property
The property comprises a semi-detached 2 storey commercial development surmounted by a flat roof overlaid in bituminous felt. The upper floor is not included in the sale.
Offering a prominent corner position, the property benefits from a return frontage with large display space of aluminium framed and glazed construction.
The property is accessed via a partially recessed doorway leading to an open plan sales area with ceramic tile floors, L.E.D lighting recessed suspended acoustic suspended acoustic tile ceiling.
Partitions have been erected to the rear to form store and staff tea prep / w.c facilities. The property benefits from an off sales licence.
Executive Summary
The property is held on the following lease terms;
Tenant: Personal Name
Expiry: 24th May 2028 (Tenant in situ for over 5 years)
Rent: £XXXp.a.
Rent Review: 5th Year
Area
66.94sqm (721sq ft)
Price
The property is available on a freehold basis for offers over £XXX
V.A.T
V.A.T will not be charged on the sale price
Viewing
Whilst it is a good idea to visit a trading business that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
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.