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14 May 2021, 4pm

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


Full Address:  Carlingwark St, Let Jobcentre Investment, Castle Douglas, DG7 1HD

TENANTED TOWN CENTRE INVESTMENT. Single storey office building with dedicated car park located in the popular town of Castle Douglas. Currently let to Dumfries and Galloway Housing Association on low rent of £10,000 per annum

100% SECURE TENANT. Let to Dumfries and Galloway Housing Partnership Ltd on Full Repairing and Insuring Lease on year to year basis (tacit since 2011). REALISTIC RENTAL VALUE OF £13,000 PER ANNUM

SUPER SIZE AND LOCATION in popular town centre with frontage onto the town's main retail parade- King Street. Total site area of approximately 0.053 hectares (0.13 acre) with the property approx. 156sq m.

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

PRIME COMMERCIAL INVESTMENT with settled long-term tenant and potential for rent increase to £13,000 per annum. Current rental amount offers outstanding return on investment in popular Dumfries and Galloway town.

The subjects comprise a single storey purpose-built office. The main walls appear to be of cavity brick construction with an external render finish and cast stone features. The roof over is flat and assumed to be clad with mineral felt. There is a disabled access ramp to the main customer entrance door on the Carlingwark Street frontage. There are also side and rear entrance doors, serving the dedicated car park. Further on-street parking is available on Carlingwark Street. The total site area is 0.053 Ha (0.13 Ac) or thereby. Internally, the floors are of concrete construction with a mix of carpet and vinyl coverings. The walls have a painted finish and there are suspended acoustic tile ceilings throughout. The property is situated in a mixed commercial / residential area at the southern end of the town centre, set between Carlingwark Street and the main traffic thoroughfare of King Street, near to their junctions with Marle Street within the town of Castle Douglas. The town, with a population of circa 4,200, is the main administrative town serving the Stewartry district in Dumfries and Galloway. The town is a popular boutique retailing centre, attracting good levels of tourist trade, and is the main market town for the surrounding rural areas. It is also well established as the regions ‘Food Town’ hosting a variety of events throughout the year and supporting a large number of local businesses within the food & drink sector. The town is bypassed by the A75 trunk road, located at its junction with the A713. The regional capital of Dumfries lies approximately 18 miles to the north east. Although the building and car park have a full frontage onto King Street, vehicle access is provided from Carlingwark Street. Other nearby commercial occupiers include C S McKerlie Electrical and Dumfries & Galloway Mental Health Association, together with a variety of local retailers, cafés and restaurants.

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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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: tacit annual
Rent: £10,000 per year / £833 per month
Yield: 11% (approx)
Tenant: Company
Notes: Tenant: Dumfries & Galloway Housing Partnership Expiry: 13th November 2011 (Currently on Tacit) Passing Rent: £10,000per annum E.R.V. We would anticipate an achievable rent of £13,000per annum

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Pricing Information & Bidding

Guide Price: £94,000

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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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