Commercial property for sale in King Street, Castle Douglas DG7
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Property features
- To be offered on Thursday 30 May
- High Yielding Retail Investment
- Ground Floor Shop and Upper Parts
- Let to Original Factory Shop
- Lease Expires August 2033
- Producing £30,000 per annum
- Rent Rebased From £55,000 per annum
- 9,279 sq ft (862.02 sq m)
- Prominent Established Trading Location
- Guide Price Reflects 13.6% Gross Yield
Property description
Strapline
Auction Sale - 29/05/2024
High Yielding Retail Investment Opportunity
Freehold Retail Unit Let on a 10 Year Lease to Original Factory Shop at £30,000 pa
Description
The property comprises a high yielding retail investment let on a 10 year lease to The Original Factory Shop currently producing £30,000 per annum and expiring August 2033.
Arranged across ground and first floor and benefitting from a large glazed frontage with multiple display windows and partially recessed entrance.
Access to the upper floor is gained via a centrally located staircase offering extensive sales and storage areas along with staff facilities, office and toilets. The property also benefits from a rear loading bay and a shared access yard.
Tenancy
Let to The Original Factory Shop until August 2033 and currently producing £30,000 per annum. We understand the current lease is a renewal of a previous lease, with the rent being rebased from £55,000 per annum.
Accommodation
- Ground Floor - 2,605 sq ft (242 sq m)
- First Floor - 6,674 sq ft (620 sq m)
- Total - 9,279 sq ft (862 sq m)
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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