LOT 35 - Dumfries

Loreburne Shopping Centre, High Street, Dumfries, DG1 2BD

Well Located Heritable Shopping Centre Investment

Sold Prior

Key Features
  • Comprising a total of 8,809 sqm (94,823 sq ft) of retail and leisure scheme predominantly over 2 floors Benefitting from an 80 space town centre car park
  • Well located in the town centre with two main entrance points, adjacent to M&S
  • Tenants include JD Sports, Superdrug, Specsavers, Poundland, Holland & Barrett, BHF, EE, The Works, amongst others.
  • 700 metres from Dumfries Rail Station and adjoining the towns main bus station
  • Asset management opportunity
  • VAT is applicable
  • Six Week Completion Available

Total Current Rent Reserved
£882,567 p.a.
plus two vacant units


  • Dumfries is a market town located some 60 miles south-east of Glasgow and 29 miles north of Carlisle
  • The town is adjacent to the A75 which connects to the M6
  • The property is situated in the town centre of Dumfries on the west side of the pedestrianised High Street, the north side of Nith Place and the east side of Irish Street.
  • Dumfries Rail Station is located some 700 metres from the property and provides regular service to Glasgow Central (fastest journey of 1 Hour 50 Minutes)
  • Nearby occupiers include New Look, Betfred, HSBC, Costa Coffee, Subway and M&S
Additional Information
  • The property comprises a covered shopping centre of 42 units mainly over 2 levels but due to topography of the site arranged over lower ground, ground and part first and second floors with entrances on both the High Street and adjacent to the bus terminal on Nith Place. There are also lower ground car parking facilities. There is a walkway that leads from High Street through to Irish Street.
  • It is the towns only covered shopping centre arranged as a single linear mall with units also fronting High Street as well as units at lower ground floor level.
  • The property has an entrance onto High Street at it's northern end and adjacent to Marks & Spencer, who have an entrance inside the scheme.
  • A second entrance point is found on Nith Place (beneath Poundland) with the towns main bus station situated immediately outside
  • Shopping Centre Website: www.loreburneshopping.co.uk
Bidders Security
  • Please note bidders will be required to pay a bidders security of £100,000 (inclusive of Buyer’s Fee) in order to bid on this lot.
Please Note
  • The Shopping Centre is at present closed due to the pandemic and the 3rd national lockdown. As such viewings will be restricted, if at all possible. Please liaise with the Auctioneer in the first instance if you need access and they will be able to confirm what is possible in the current climate.

VAT is applicable to this lot.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
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Important notice - Pre-registration approval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid Allsop now require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made). Guide Prices 1. Where a guide price (or range of prices) is given, that guide is the minimum price at which (or range of prices within which) the seller might be prepared to sell on the date on which the guide price (or range of prices) is published. The guide price will normally be at or above any reserve price. 2. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you are advised to check the website regularly for updates. 3. All guide prices are quoted "subject to contract". 4. Please note the guide price for the Lot does not include: - any Buyers' Fee charged by the auctioneers; - VAT on the sale price; - SDLT or any other Government taxes; - additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers. 5. If a guide price is listed as "TBA", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates. Reserve Prices 6. The reserve price is the minimum price at which the Lot can be sold. 7. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price ju st before the Lot is offered for sale. Buyers' fees, Seller's fees and additional charges 8. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop LLP as follows: Residential Auctions - Lots sold for £10,000 or more: Buyers' Fee of £1,250 inclusive of VAT - Lots sold for less than £10,000: Buyers' Fee of £250 inclusive of VAT Commercial Auctions - All Lots: Buyers Fee £1,000 inclusive of VAT 9. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts. 10. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies. Other Matters 11. Please note that Lots may be sold or withdrawn at any time prior to auction. 12. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale. 13. Street trader plans are reproduced with the consent of Experian Goad Limited. Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020 14. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not necessarily drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries . The Auctioneers cannot guarantee that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.