Commercial Development Opportunity with Planning Permission, located within a prime location in Castle Douglas, Kirkcudbrightshire. **GUIDE OF £110,000***
Property was previously a dentists surgery and has been recently granted planning permission to convert the first floor into a 3-bed dwelling and the second floor into a 2-bed flatted dwelling, 24/0177/FUL. *** SURE TO APPEAL TO A SHREWD DEVELOPER ***
Proposed property on the first floor comprises: Entrance hallway, kitchen, 3 double bedrooms, a bathroom and a lounge.
Proposed property on the second floor comprises: Entrance hallway, lounge, kitchen/diner, bathroom, 2 spacious bedrooms, with ample storage space throughout. *** SURE TO APPEAL TO A SHREWD DEVELOPER **
If converted, both properties could potentially achieve a combined rental income of £1400 - £1500 per calendar month, generating an annual income of £16,800 - £18,000 or a gross yield of 16.3% if achieved at a guide price of £110,000. *** SUPERB POTENTIAL YIELD ***
If converted, property could achieve a GDV of circa £375,000 subject to degree and spec of renovation. *** FANTASTIC POTENTIAL RETURN ON INVESTMENT ***
Location
Castle Douglas is a picturesque market town nestled in the heart of Dumfries and Galloway, in southwest Scotland. Known as the "Food Town" due to its rich agricultural heritage and vibrant local produce scene, Castle Douglas offers a charming blend of rural tranquillity and lively community life. Situated just 18 miles southwest of Dumfries and close to the beautiful Solway Coast, this town provides an idyllic setting for those seeking a peaceful yet connected lifestyle.
The town is family-friendly, with a strong sense of community and excellent educational facilities. Castle Douglas High School and several well-regarded primary schools serve the area, ensuring that children receive a quality education close to home. The town also has a variety of clubs and organisations, from sports teams to arts groups, fostering a vibrant community spirit.
Transport links in Castle Douglas connect the town to the wider region with ease. The A75, part of the Euroroute E18, runs through the town, providing direct road access to Dumfries, Stranraer, and beyond. Regular bus services link Castle Douglas with nearby towns and cities, while Dumfries offers rail connections to Glasgow and Carlisle.
Accommodation
Property was previously a dentists surgery and has been recently granted planning permission to convert the first floor into a 3-bed dwelling and the second floor into a 2-bed flatted dwelling,
Terms
Guide Price - £100,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Commercial Development Opportunity with Planning Permission, located within a prime location in Castle Douglas, Kirkcudbrightshire. **GUIDE OF £110,000***
- Property was previously a dentists surgery and has been recently granted planning permission to convert the first floor into a 3-bed dwelling and the second floor into a 2-bed flatted dwelling, 24/0177/FUL. *** SURE TO APPEAL TO A SHREWD DEVELOPER **
- If converted, both properties could potentially achieve a combined rental income of £1400 - £1500 per calendar month, generating an annual income of £16,800 - £18,000 or a gross yield of 16.3% if achieved at a guide price of £110,000. *** SUPERB POTENTIAL YIELD ***
- *** 43, Carlingwark Street, Castle Douglas, Kirkcudbrightshire, DG7 1HD Sold for £205,000 in June 2024, 12, Miller Place, Castle Douglas, Kirkcudbrightshire, DG7 1HJ Sold for £175,276 in November 2022 ***
- If converted, property could achieve a GDV of circa £375,000 subject to degree and spec of renovation. *** FANTASTIC POTENTIAL RETURN ON INVESTMENT ***