SHEPHERD Chartered Surveyors is offering a town centre retail unit investment opportunity in Dumfries for sale.
Occupying a prominent trading location at 10 English Street, adjacent to Dumfries High Street, the two storey and attic mid-terraced 2,360 sq ft property is also within close proximity to the ‘Loreburn Shopping Centre’.
The property is presently let to private individuals operating a Cash Generator franchise on a lease expiring in 2016. The current passing rental is £12,000 per annum, exclusive of rates and VAT.
Fraser Carson, surveyor at Shepherd’s Dumfries office, said: “The property represents a rarely available investment opportunity in Dumfries town centre and we anticipate keen interest in this unit from potential investors.”
Offers in excess of £100,000 for the freehold investment are invited, which represents a net initial yield of 11.8 per cent after purchaser’s costs of 1.75 per cent. Interested parties should contact the selling agent on tel 01387 264333.
For further information please contact Fraser Carson on 01387 264333
Issued on behalf of Shepherd by Liquorice Media tel 0141 297 1699 www.liquorice-media.com
Date: 10th September 2013
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Contact: Susan Christie