SHEPHERD MARKETS MAPELEY INVESTMENT SITE IN DUMFRIES
Shepherd Chartered Surveyors has been instructed to market a multi-let investment opportunity in Dumfries for sale on behalf of Mapeley.
The 22,000 sq ft two-storey purpose-built office development is situated in an established mixed-use district at the edge of Dumfries town centre, with good road links to the A75 bypass.
All the suites offer clear-span accommodation, benefitting from raised floors and suspended tile ceilings, therefore providing good flexibility for tenant fit-out.
There are 63 parking spaces in the 1.3 acres site.
The building is anchored by The Scottish Ministers (Rural Payments & Inspections Division) along with the Driver & Vehicle Standards Agency. Other tenants include Quarriers and Vigilant Security (Scotland).
The property produces a current gross income of £146,092 per annum and has an estimated rental value of £182,519 per annum.
Fraser Carson, associate in Shepherd’s Dumfries office, said: “The property provides good quality office accommodation occupying a prominent site that is easily accessible from the town centre, railway station and bypass.
“The new long-term leases to The Scottish Ministers and DVSA are the main selling point of this investment, however there is a real opportunity to add value through further asset management of the four front suites.”