Charlotte Street, Stranraer, Wigtownshire, DG9

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Stranraer Station • Distance to Station: 0.4 miles

Agent Information: • Address: 162 Buchanan Street, Glasgow, G1 2LL

Full Description: Situated On Prime Thoroughfare Single Storey Unit Parking & Loading To Rear Let To Farmfoods Expiry January 2035 Passing Rent: £50,000p.a. Price: o/o £465,000

Location

The property is situated on the corner of Charlotte Street at its junction with St John Street on the main vehicular thoroughfare through Stranraer.

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. Neighbouring occupiers include Screwfix, Card Factory, Stranraer Police Station and Port Roddie Ferry Terminal.

Property

The property benefits from a large aluminium framed and glazed frontage with sliding automatic doors on Charlotte Street with access and loading via St John Street car park to the rear of the demise..

Internally the property is presented per Farmfood corporate specification with polished concrete floors, suspended ceiling with hanging L.E.D lighting. Partitions are erected to the rear offering staff room, manager office, w.c facilities and further stores.

Area

The property extends to the following internal area;

Ground: 198sqm (2,131sq ft)

Lease Summary

Tenant: Farmfoods Ltd Term: Expiry May 2034 Break Option: None Passing Rent: £50,000p.a. Rent Review: 2029 Type: Full Repairing & Insuring with Schedule of Condition

Tenant Summary:

For the year ended 31.12.2022 Farmfoods Limited reported a turnover of £942,446,000, a pre-tax profit of £22,225,000, and shareholders funds and a net worth of £142,075,000 (Source Experian 09.04.2024).

Sale

The property is available on a freehold basis for o/o £465,000

V.A.T.

Figures quoted are exclusive of V.A.T.

Viewing

Whilst it is a good idea to visit a trading business that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business. Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.

E.P.C.

A copy of the E.P.C. will be made available for any interested party

Title & Lease

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.