Vacant Commercial Property LOT 226

200 King Street, Castle Douglas, DG7  1DB
GUIDE PRICE

Deadline for Offers

14 May 2021, 4pm

Bidding Closes in

Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 200 King Street, Castle Douglas, DG7  1DB

*AMAZING INVESTMENT OPPORTUNITY* Rare chance to purchase the popular Douglas Arms Hotel located in affluent market town.

The Douglas Arms Hotel is understood to be over 200 years old and a former coaching inn. Comprises; 23 upper floor bedrooms and large ground floor, sectioned to provide corner restaurant & public bar

NEW ENTRY - SUPERB POTENTIAL IN TOWN CENTRE. IDEAL HOTEL INVESTMENT. Sure to appeal to investors looking for a Potentially High yielding Investment.

The location benefits from an extremely high level of vehicular and pedestrian traffic and excellent public transport facilities. Seldom available commercial property occupying a prime position.

Castle Douglas is a town of around 4,200 persons approximately 18 miles south west from Dumfries in rural Dumfries and Galloway and benefits from an expanding tourist industry.

The Douglas Arms Hotel is understood to be over 200 years old and a former coaching inn. It comprises a substantial and extended corner 2 storey painted stone property under pitched and slated roof, the hotel being laid out to offer 23 upper floor bedrooms (only 11 in use) and large ground floor, sectioned to provide corner restaurant (with side lounge), and public bar (accessed from St Andrews Street). There are two meeting/small function rooms, and a large 80 cover rear function suite (Stewart Room) situated to the rear of reception desk. There is also a private, 3 apartment managers flat on the first floor. At the rear is a detached 2 storey red brick building which is not being used due to suffering fire damage around 2006. Next to this is a sheltered, walled external seating/drinking area. Attached to the red brick building is a steel framed industrial styled canopied roof over approximately 15 car parking spaces, accessed via a pend off King Street or from the rear from Cotton Street.

Castle Douglas is a town of around 4,200 persons approximately 18 miles south west from Dumfries in rural Dumfries and Galloway and benefits from an expanding tourist industry, tourists being attracted into the area because of the easy access to the Solway Coast and the Galloway hills. It lies west of the town of Dalbeattie (6 miles) and east of Gatehouse of Fleet (14 miles). The hotel is situated at the corner of King Street and St Andrew Street opposite the clock tower in a secondary trading location in Castle Douglas town centre.

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Location

Pricing Information & Bidding

Guide Price: £230,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 14 May 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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