12-20 George Street, Unit 1, Superdrug, Stranraer, DG9 7RL

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Future Property Auctions hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 12 Oct 2026.
• Guide cut from £193,000 to £172,000 (11% lower), 16 Oct 2026.

Future Property Auctions' record

About the lot

Freehold office lot in Stranraer. Producing £25,000 a year, a 13.0% gross yield at the guide.

Commercial Investment. INCOME PRODUCING INVESTMENT*** Blue chip tenant*** Full Building Let to Superdrug Store on a FRI lease at £25,000 pa until at least Oct 2028. PROMINENT POSITION Prime Town Centre Location. The property has been calculated to extend to the following internal area; Ground: 243.03sqm (2,616sq ft). 1st: 139.5sqm (1,502sq ft). Total: 382.53sqm (4,118sq ft). The property is let to Superdrug Stores plc, on FRI terms, from 6th October 2023 (extended) until 6th October 2028 (including a tenant break option in October 2026) at a rental of £25,000 per annum. The property is fitted out to a high standard by the tenant with large retailing space at ground floor with stores, office, staff welfare and w.c. facilities at 1st floor. The property is set in a prominent town centre locationn. Occupiers in the vicinity include WH Smith, Specsavers, Santander, Subway and VPZ. INCOME PRODUCING INVESTMENT*** Blue chip tenant*** Full Building Let to Superdrug Store on a FRI lease at £25,000 pa. PROMINENT POSITION Prime Town Centre Location. The property has been calculated to extend to the following internal area; Ground: 243.03sqm (2,616sq ft). 1st: 139.5sqm (1,502sq ft). Total: 382.53sqm (4,118sq ft). The property is let to Superdrug Stores plc, on FRI terms, from 6th October 2023 (extended) until 6th October 2028 (including a tenant break option in October 2026) at a rental of £25,000 per annum. The property is fitted out to a high standard by the tenant with large retailing space at ground floor with stores, office, staff welfare and w.c. facilities at 1st floor. The property is set in a prominent town centre locationn. Occupiers in the vicinity include WH Smith, Specsavers, Santander, Subway and VPZ. Tenancy: Type of Agreement: Full Repairing & Insuring (FRI). Length: Oct 2028. Rent: £25,000 per year / £2,083 per month. Yield: 15% (approx). Tenant: Company. Notes: The property is let to Superdrug Stores plc, on FRI terms, from 6th October 2023 (extended) until 6th October 2028 (including a tenant break option in October 2026) at a rental of £25,000 per annum. The property is situated on the south side of George Street, at its junction with South Strand Street within the town of Stranraer. George Street is the primary retailing street within Stranraer Town Centre, with the subject property occupying a prominent position on its south side between its junctions with Queen Street and South Strand Street and set amongst an array of national and local occupiers including WH Smith, Santander, Subway, VPZ and Superdrug, amongst others. 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.