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Special Terms of Sale

  • Buyers Fee (?) 1% of Sale Price (Minimum of £2000 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY - former card and gift shop in King Street, Castle Douglas. Busy location. HIGH YIELD potential with realistic rental of up to £1000pm (£12,000pa)

PROPERTY COMPRISES:- Double frontage, entrance, Sales area, office, store/staff room, Toilet. Loft area. Property recently refurbished to high standard and would make an excellent retail store.

.For rental purposes, the property could attract a monthly rental of £900 -1000pcm. This would provide an excellent gross yield of 12.7 - 14.0% if achieved for the guide price. **HIGH YIELD POTENTIAL*

Property benefits from a rateable value of £7,500 per annum. Property boasts an impressive size of 119.88m2. Sure to appeal to investors looking for an affordable commercial investment

Property is situated on a busy street in Castledouglas, benefiting from large footfall traffic - ***prime commercial investment location***

EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY - former card and gift shop in King Street, Castle Douglas. Busy location. HIGH YIELD potential with realistic rental of up to £1000pm (£12,000pa) PROPERTY COMPRISES:- Double frontage, entrance, Sales area, office, store/staff room, Toilet. Loft area. Property recently refurbished to high standard and would make an excellent retail store. .For rental purposes, the property could attract a monthly rental of £900 -1000pcm. This would provide an excellent gross yield of 12.7 - 14.0% if achieved for the guide price. **HIGH YIELD POTENTIAL* Property benefits from a rateable value of £7,500 per annum. Property boasts an impressive size of 119.88m2. Sure to appeal to investors looking for an affordable commercial investment Property is situated on a busy street in Castledouglas, benefiting from large footfall traffic - ***prime commercial investment location***

Occupiers close by include Co-op Food, Bank of Scotland, Post Office and Boots Pharmacy. The town of Castle Douglas is located in South-West Scotland at the northern end of Carlingwark Loch, some 9 miles north of Kirkcudbright and 18 miles south-west of Dumfries. Occupiers close by include Co-op Food, Bank of Scotland, , Scotmid and Boots Pharmacy amongst some other local traders

Full Address: 172 King Street Commercial Investment, Castle Douglas, Dumfriesshire , DG7 1DA

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Pricing Information & Bidding

Opening Bid: £55,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1% of Sale Price (Minimum £2,000 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 20 March 2025, 10am-3pm
Type: Timed Online Auction

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