OPENING BID

Timed Online Auction

02 December 2021, 10am-3pm

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

Description

Full Address: 34 Victoria Street, Grapes Hotel, Newton Stewart, DG8 6BT

Former Hotel with courtyard in popular market town of Newton Stewart in Dumfries and Galloway. Substantial building with works completed on the roof and internally cleared for re-development. Potential for retail, commercial or residential development (subject to consents and permissions).

The property requires full refurbishment, however its position in the centre of the main shopping street offers a first-class trading location. Whole sites extends to approx. 1,645 m2 - 17,706.63 Sq.Ft.

Internally the premises have been prepared for refurbishment. POTENTIAL FOR MULTIPLE USES. Previously a hotel premises so ideal for storage in excellent location to cover South of Scotland. Or potential as transport hub in location close to M74 (M6) and Stranraer ferries.

Located on the busy Victoria Street road between within the town centre near to the River Cree. Surrounded by commercial and residential properties. RESERVE PRICE SET TO ENSURE SALE AT AUCTION. Railway stations at Barrhill, Stranraer, Dumfries and Lockerbie.

Regular bus services stop in Newton Stewart including bus connections to Ireland and south to London. Ferry services to Northern Ireland can be found at the port of Cairnryan, 27 miles away.

INVESTMENT POTENTIAL - Former Hotel with courtyard in busy rural town of Newton Stewart. Fantastic redevelopment potential for retail, commercial or residential development in busy market town. The property requires full refurbishment, however its position in the centre of the main shopping street offers a first-class trading location. Whole sites extends to approx. 1,645 m2. Railway stations at Barrhill, Stranraer, Dumfries and Lockerbie and the nearest airport is Prestwick. Regular bus services stop in Newton Stewart including coaches to Ireland and London. Ferry services to Northern Ireland can be found at the port of Cairnryan, 27 miles away. Newton Stewart is a market town with a good range of shops, primary and secondary schools, library, museum, churches, banks, post office, hotels, tea-rooms, cinema, leisure centre, bowling green, health centre and a cottage hospital with a minor injuries unit. It is known as the gateway to the Galloway Hills.

Newton Stewart is a market town with a good range of shops, primary and secondary schools, library, museum, churches, banks, post office, hotels, tea-rooms, cinema, leisure centre, bowling green, health centre and a cottage hospital with a minor injuries unit. It is known as the gateway to the Galloway Hills. The town of Newton Stewart is located about 71 miles from the M74 motorway network by road and 80 miles from Glasgow, 85 miles from Carlisle and 125 miles from Edinburgh. Railway stations at Barrhill, Stranraer, Dumfries and Lockerbie and the nearest airport is Prestwick. Regular bus services stop in Newton Stewart including coaches to Ireland and London. Ferry services to Northern Ireland can be found at the port of Cairnryan, 27 miles away.

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Pricing Information & Bidding

Opening Bid: £43,000

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 = 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: 02 December 2021, 10am-3pm
Type: Timed Online Auction

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