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178 High St 1,164 SF Retail Building Dumfries DG1 2BA $168,327 CAD ($144.61 CAD/SF) 11.11% Cap Rate
Investment Highlights
- Lot No 17 - SOLD PRIOR.
- Fronting pedestrianised High Street and overlooking Burns Statue Square.
- Rent rebased at £10,000 + VAT p.a.
- Guide Price £90,000 plus VAT.
- Very prominent end-of-terrace three-storey and attic unit.
- FRI lease to Marie Curie terminating 6th July 2028.
- Qualifies for 100% rents relief (subject to occupier eligibility).
Executive Summary
**SOLD PRIOR** The subjects comprise a traditional end-of-terrace three-storey and attic building, with extensive preservation works undertaken by Marie Curie circa 2018. The building is of stone construction, with a painted / rendered external finish, surmounted by a pitched and slate clad roof. The unit benefits from a modern ground floor sales frontage consisting of two full-height display windows set either side of a recessed entrance door, all under full-span fascia signage. The internal accommodation extends to the following: Ground Floor Open-Plan Sales Area First Floor Storage & Staff Room with fitted Kitchenette Second Floor Storage & WC Attic Floor Overflow Storage The ground floor sales area is finished in line with the Tenant's corporate branding, including laminate flooring, painted walls, and suspended tile ceiling. An external metal fire exit stair has been installed at the rear of the property and serves the first floor accommodation. Guide Price £90,000 plus VAT
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,164 SF
Building Class
B
Year Built
1920
Price
$168,327 CAD
Price Per SF
$144.61 CAD
Cap Rate
11.11%
NOI
$18,703 CAD
Tenancy
Single
Building Height
3 Stories
Amenities
- 24 Hour Access
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Nearby Major Retailers
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178 High St
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