Page 23 - Shepherd Commercial Auctions - Catalogue 18/02/2025
P. 23
Lot 20
77 Buccleuch Street, Dumfries, Dumfriesshire DG1 2AB
Town Centre Part Let Investment Opportunity
Features
• G & LG investment together with fully furnished 3- bed residential flat above
• Prominent roadside location in Dumfries
• Private parking to rear (2 spaces)
• Lease to Clinique de Visage Ltd at passing rent of £7,000 p.a. expiring August 2027
• Vacant flat with ERV of £650 PCM (£7,800 per annum)
• Total Estimated Rental Value of £14,800 per annum
Description
The subjects comprise a three storey and attic mid-terraced Georgian building of
traditional red sandstone construction, surmounted by a pitched and slated roof.
The category B listed property provides a self-contained office and upper floor
maisonette, accessed via a shared vestibule.
Private parking is available at the rear off Meuse Lane.
Accommodation
Ground Floor - Reception Office, Two Private Offices, & Toilet
Lower Ground Floor - Office, Staff Room, Stores, & Toilet
Total NIA 74.71 sq. m. (804 sq. ft.)
Maisonette - Ground Floor Entrance Hall, First Floor Lounge, Dining Room, Bedroom, &
Kitchen, Attic Floor Two Bedrooms & Bathroom
Total GIA 103.52 sq. m. (1,115 sq. ft.)
Location
Dumfries, with a population of around 33,000 is the largest town in Dumfries & Galloway
as is therefore southwest Scotland’s main shopping and administrative centre.
The building occupies a visible roadside position on the northern side of Buccleuch
Street, which is one of the main traffic thoroughfares into the town centre,
Rateable Value
The office has a rateable value of £7,000.
Energy Performance Rating To be confirmed.
*Guide Price £150,000 (plus fees if applicable)
Council Tax
The property is assessed within Council Tax Band C.
Tenancy
The office is let on a Full Repairing & Insuring (FRI) basis, subject to a
schedule of condition.
The lease commenced on 15th August 2022 and expires on 14th August
2027, with a mutual break option on 15th August 2025. There is an upwards
only rent review on 15th August 2025. The current passing rent is £7,000
per annum.
The maisonette has an estimated rental value of £7,800 per annum (£650
pcm).
Once fully let, the combined rental income is estimated to reach £14,800 per
annum, with scope to increase this further at future rent review dates.
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject
to a minimum of £2,100 inc VAT(£1,750 plus VAT).
* Please see Buyer’s Terms for definition of guide price
and auction fees
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