Offers over
£95,000
(£51.71/sq. ft)
Retail premises for sale7-9 South Strand Street, Stranraer DG9
1,837 sq. ft
Freehold
About this property
Town centre location
Private Car Park To Rear
Ground & 1st Floor
Held on F.R.I Lease
Expiry April 2031
Passing £10,000p.a.x
Increasing to £13,000p.a.x in 2028
From 2030: Rent increase to £15,000p.a.x
Sale: O/o £95,000
Description
The property forms a 2 storey commercial development of traditional construction surmounted by a pitched roof. The property benefits from a prominent glazed frontage with large display window with single partially recessed entrance door. Internally the property is presented in a a good condition with floors overlaid in carpet and laminated timber with lighting provided by way of recessed strips within the suspended ceiling.
Access to the upper floor is via a single staircase to the rear with staff tea prep, stores and w.c. Facilities.
Area
Ground: 121.07sqm (1,303sq ft)
1st: 49.58sqm (534sq ft)
Total: 170.68sqm (1,837sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease expiring 2031 to Bolton Phones Ltd t/a “iFix Repair” at a passing rent of £10,000p.a.x increasing to £13,000p.a.x in April 2028 increasing to £15,000p.a.x from 2030 until expiry. The seller holds a deposit of £2,500
Location
South Strand Street is set close to the primary retailing street within Stranraer Town Centre, with the subject property occupying a prominent position on its west side between its junctions with Queen Street and George Street and set amongst an array of national and local occupiers including wh Smith, Santander, Subway, vpz and Superdrug, amongst others.
Stranraer is located within the Dumfries and Galloway region, around 45 miles south of Ayr, 90 miles south west of Glasgow and 73 miles west of Dumfries, lying at the convergence of the A77 and A75 road routes. The town has a population of around 11,000 persons rising to around 35,000 persons within a 10- mile radius, increasing significantly during the tourist season.
The property forms a 2 storey commercial development of traditional construction surmounted by a pitched roof. The property benefits from a prominent glazed frontage with large display window with single partially recessed entrance door. Internally the property is presented in a a good condition with floors overlaid in carpet and laminated timber with lighting provided by way of recessed strips within the suspended ceiling.
Access to the upper floor is via a single staircase to the rear with staff tea prep, stores and w.c. Facilities.
Area
Ground: 121.07sqm (1,303sq ft)
1st: 49.58sqm (534sq ft)
Total: 170.68sqm (1,837sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease expiring 2031 to Bolton Phones Ltd t/a “iFix Repair” at a passing rent of £10,000p.a.x increasing to £13,000p.a.x in April 2028 increasing to £15,000p.a.x from 2030 until expiry. The seller holds a deposit of £2,500
Location
South Strand Street is set close to the primary retailing street within Stranraer Town Centre, with the subject property occupying a prominent position on its west side between its junctions with Queen Street and George Street and set amongst an array of national and local occupiers including wh Smith, Santander, Subway, vpz and Superdrug, amongst others.
Stranraer is located within the Dumfries and Galloway region, around 45 miles south of Ayr, 90 miles south west of Glasgow and 73 miles west of Dumfries, lying at the convergence of the A77 and A75 road routes. The town has a population of around 11,000 persons rising to around 35,000 persons within a 10- mile radius, increasing significantly during the tourist season.
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Monthly repayment
£475 per month
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