The subjects comprise a ground floor retail unit forming part of a larger two storey and attic mid terraced building, of traditional construction. The property has been altered and extended in the past through a series of projections at the rear to provide the present accommodation.
The subjects benefit from a modern retail frontage comprising an almost full height aluminium framed display window together with an offset entrance door , which leads to a shared entrance vestibule. The upper floors comprise a single residential dwelling, which is not included, however does share the entrance vestibule.
Internally the subjects have a split level between the front retail area and the rear storage space however this is ramped to allow easy accessibility throughout. To the rear of the property is a loading bay / parking area adjacent retail units and Loreburn Housing Association flats. The floors are a mix of solid concrete and suspended timber construction.
Location
CASTLE DOUGLAS, which lies in the Stewartry district of the Dumfries & Galloway Council area, is the district’s principal service centre having a resident population of around 3,700. Dumfries is the region ’s principal settlement and is located 18 miles to the east. Castle Douglas is located at the junction of the A75 and the A714. Whilst being bypassed to the north by the A75, the town is a busy commercial centre with mostly local traders although national multiples are represented within the area.
The subject property is situated on King Street, which is the town’s main shopping and business thoroughfare. There is on-street parking available in the immediate vicinity, as well as a long stay car park within short walking distance from the subjects. Other commercial occupiers include both local traders and national multiples, along with professional businesses such as solicitors, banks, surveyors and estate agents. The subjects are located in the heart of the main retailing area, adjacent to Niko’s Greek Restaurant and opposite Corson’s Bakers. Other nearby occupiers include Semi-Chem, Bank of Scotland, Hallmark, Royal Bank of Scotland, Wilkies, M&Co and Scotmid.
Accommodation
ACCOMMODATION
- Sales Area
- Staff Room & Cloakroom with WC
- Storage Area (including two partitioned rooms)
NOTE: It is the landlord’s intention to section off a small part of the store at the rear of the building and to make the rear door a shared entrance. For the avoidance of doubt the section to be retained has been excluded from our floor area calculation.
FLOOR AREA (approx.)
Net Internal Area - 126.98 sq m (1,367 sq ft )
Retail Area - Width (Widest Point) - 5.20 m (17 ft 1 in)
Retail Area - Depth (Deepest Point) - 11.90 m (39 ft)
Terms
RENT AND LEASE TERMS - Rental offers in the region of £14,000 per annum are invited. The property is available by way of a new lease on a Full Repairing and Insuring (FRI) basis, for a flexible term. Incentives may be available. All prices, rents and premiums, where quoted, are exclusive of Value Added Tax. We are verbally advised that the property is not elected for VAT.
RATING ASSESSMENT - As at the date these particulars were published, the Rateable Value was £8,800. The proposed Rateable Value for the 2017 revaluation is £10,450. We understand that from the 1st April 2017 the 100% rates relief threshold will be increased to £15,000. Therefore, the subjects will be eligible for 100% relief. We draw to your attention the fact that a new occupier of this property will have the right to appeal the Rateable Value for a period of 6 months after acquiring an interest in the subjects.
Specification
- Good display frontage
- Open plan retail space
- Ample storage and rear loading area
- Net internal area - 126.98 sq m (1,367 sq ft)
- £14,000 per annum