Unique Leisure/Commercial Opportunity
Dumfries is the largest town in Dumfries and Galloway, has a resident population c.37,500 persons, and an estimated catchment c. 110,000. Road access to the M74 gives access respectively to Carlisle and Glasgow.
The subjects themselves are located on Shakespeare Street at its intersection with English Street, which comprises the main vehicular route within the town, and is within easy walking distance of the High Street. Neighbouring occupiers include the recently refurbished DG1, the towns flagship leisure complex.
The subjects are contained within a purpose built cinema building subsequently divided to create a single screen cinema on two levels, and separate bingo hall, and benefit from dedicated customer parking. The bingo comprises a long established business operated by our clients, Buzz Bingo, whilst the cinema, previously operated by Odeon, is now offered to the market under the terms of a new lease.
The subjects have a common entrance foyer shared with Buzz Bingo, thereafter their own dedicated entrance leading to the auditorium. As this has a raked floor, the gross internal areas should be utilised as a guide only:
Ground Floor Cinema Entrance: 464 sq ft 43.1 sq m
Mezzanine: 1,250 sq ft 116.2 sq m
First Floor: 6,886 sq ft 640.0 sq m
In addition, associated projection and support rooms are provided.
The premises are presented as an operational single screen 361-seat capacity cinema; subdivision into two screens may be practical. Subject to the grant of planning consent, we believe the subjects lend themselves to a variety of alternative leisure and commercial purposes, benefiting from the immediate proximity of our clients, Buzz Bingo.
The premises are currently assessed with a Rateable Value of £13,500.
Any change of use may result in a re-assessment of the RV, for further details please contact Dumfries and Galloway Assessors Office - 01387 260627.
The premises together with use of the common car park are offered on a flexible leasehold basis of negotiable length, rental terms upon request.
The subjects have a G rating. Copies of the certificate are available to interested parties.
Rent and other recoverable monies due under the lease will accrue VAT at the prevailing rate.
Each party shall be responsible for their own legal costs. Ingoing tenant to be responsible for any LBTT arising from the grant of a lease.
The premises are now vacant, and early entry can be provided subject to completion of all formalities.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
For arrangements to view and further information please contact this office.