Deadline for Offers

14 May 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 55 King St, Future Hot Food Investment, Castle Douglas, DG7 1AE

TOWN CENTRE FULL BUILDING 2,099 sqft POTENTIAL HOT FOOD TAKEAWAY / RESTAURANT benefits from Class 1 & Class 2 consent, with Class 3 / hot food takeaway applied for. *** Rent Offers in excess of 15,000 per annum are invited. *** VAT FREE, no vat payable as not elected for vat.

The premises comprise a double windowed retail unit arranged over ground and two upper floors floors within a three storey stone building. Internally the premises comprise a former banking hall, a number of small offices, staff welfare and WC facilities.

The subject premises are located on King Street with nearby occupiers being Boots Pharmacy, McCowan & Son, The Mad Hatter, Panache, John Low Newsagent and The Solicitors Property Centre.

Planning - The property benefits from Class 1 & Class 2 consent, however, subject to planning, could lend itself to Class 3 / hot food takeaway. *** HOT FOOD CLASS 3 PLANNING APPLICATION SUBMITTED.

Rent Offers in excess of 15,000 per annum are invited. *** VAT FREE, no vat payable as not elected for vat. The premises extend to 2,099 sq ft with the following net internal areas - Ground Floor 1,169 sqft, 1st Floor 447 sqft, 2nd Floor 483 sqft.

The premises comprise a double windowed retail unit arranged over ground and two upper floors floors within a three storey stone building. Internally the premises comprise a former banking hall, a number of small offices, staff welfare and WC facilities. Accommodation The premises extend to the following net internal areas - Ground Floor 1,169 sqft, 1st Floor 447 sqft, 2nd Floor 483 sqft. Rating The premises are entered into the 2017 Valuation Roll as follows: Rateable Value 10,600 Commercial Rate Poundage 0.498 (exclusive of water and sewerage rates) Qualifies for 100% rates relief in terms of the Small Business Bonus Scheme. Planning The property benefits from Class 1 & Class 2 consent, however, subject to planning, could lend itself to Class 3 / hot food takeaway. Rent Offers in excess of 15,000 per annum are expected.

Castle Douglas is located approximately 18 miles south west of Dumfries and has a resident population in excess of 4,500 persons. The town benefits from an expanding tourist industry and is bypassed by the A75 truck road which links the ferry port at Cairnryan with the M74 motorway at Gretna. The subject premises are located on King Street with nearby occupiers being Boots Pharmacy, McCowan & Son, The Mad Hatter, Panache, John Low Newsagent and The Solicitors Property Centre.

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Location

Pricing Information & Bidding

Guide Price: £145,000


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.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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 = 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

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