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Description

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

**PRIME COMMERCIAL OPPORTUNITY** Town Centre Location Former Hotel with Restaurant - 1st, 2nd & Attic Floors Development Opportunity. Perfect for serviced accommodation or residential development.

SUPER SIZE AND LOCATION in the heart of the historic market town of Castle Douglas offering potential for multiple uses and offering POTENTIALLY EXCEPTIONAL YIELD in super trading spot.

Potential for use as Hotel/ Restaurant/ Hostel/ Serviced Apartment Block or for residential development (subject to necessary consents) with massive demand for residential property locally.

Previously operated as a boutique hotel. Most recently operated as a Restaurant. ***Realistic Rental potential up to £25,000 per annum following a degree of upgrading and modernisation***

IDEAL DEVELOPMENT PROPERTY. Castle Douglas is a town of around 4,200 people with an expanding tourist industry situated approximately 18 miles south west from Dumfries in rural Dumfries and Galloway.

**PRIME COMMERCIAL OPPORTUNITY** Town Centre Location Former Hotel with Restaurant - 1st, 2nd & Attic Floors Development Opportunity. Perfect for serviced accommodation or residential development. SUPER SIZE AND LOCATION in the heart of the historic market town of Castle Douglas offering potential for multiple uses and offering POTENTIALLY EXCEPTIONAL YIELD in super trading spot. Potential for use as Hotel/ Restaurant/ Hostel/ Serviced Apartment Block or for residential development (subject to necessary consents) with massive demand for residential property locally. Previously operated as a boutique hotel. Most recently operated as a Restaurant. ***Realistic Rental potential up to £25,000 per annum following a degree of upgrading and modernisation*** IDEAL DEVELOPMENT PROPERTY. Castle Douglas is a town of around 4,200 people with an expanding tourist industry situated approximately 18 miles south west from Dumfries in rural Dumfries and Galloway.

Castle Douglas is a town of around 4,200 people with an expanding tourist industry situated approximately 18 miles south west from Dumfries in rural Dumfries and Galloway. Tourist attraction stems from the ease of access to the Solway Coast and the Galloway Hills lying to the west of the town of Dalbeattie (6miles) and east of Gatehouse of Fleet (14miles).

Full Address: 193 King Street, Former Hotel, Castle Douglas, DG7 1DZ

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Pricing Information & Bidding

Opening Bid: £48,000

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).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + 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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Auction Details

Date & Time: 17 April 2025, 10am-3pm
Type: Timed Online Auction

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