Halfords, St. Michaels Bridge Road
Dumfries, Dumfries and Galloway, DG1 2PXAsking Price £1,900,000
- 15,184 sq ft retail warehouse unit on a large prominent site extending to approximately 1.3 acres.
- Located to the South of Dumfries town centre, just off St Michael’s Bridge Road (A756) which links the property to the town centre and the M74.
- Dumfries is the main commercial, retail and administrative centre for Dumfries and Galloway Large site allowing for generous parking provision (66 spaces).
- Let to Halfords Limited on an FRI lease expiring 23 June 2036 (10 year lease extension with effect from June 2026 documented late 2025).
- Low passing rent of £162,500 per annum reflecting £10.70 psf.
- Heritable / Freehold Interest.
- Offers in excess of £1,900,000 exclusive of VAT.
- Attractive Net Initial Yield of 8.05% and capital rate psf of £125
LOCATION Dumfries is an attractive market town located in the south west of Scotland. The largest town in the region, it acts as the commercial, administrative, and employment centre for a broad catchment extending across Dumfries & Galloway and is located approximately 76 miles South of Glasgow, 78 miles south east of Edinburgh and 33 miles north west of Carlisle.The town is easily accessible, linked via the A75, A76 and A701 to the M74 and national motorway network. The town is formed around the River Nith, with the main commercial and retail developments being developed along the river edge through the town. The property is located approximately 300 metres to the south of Dumfries’s main commercial town centre. It is directly accessed from St Michael’s Bridge Road, a main arterial route and benefits from a highly visible position on the bank of the River Nith Bridge Crossing. Adjacent occupiers include Rosefield Mills, an historic building currently under restoration by the Dumfries Historic Buildings Trust, located immediately to rear of the subjects and Express Storage Dumfries lies immediately to the south west side and shares the access road with the subjects. The surrounding area is characterised by a mix of commercial and affluent residential properties and also includes a number of schools and leisure facilities. Dumfries benefits from a wellestablished retail warehouse provision, with national occupiers including B&Q, Currys, Pets at Home, as well as a number of value-led retailers. Supply remains constrained, however, with limited new development and strong demand for modern, accessible units with good parking provision.