Substantial commercial unit

We are delighted to offer to auction this substantial commercial unit enjoying prime location in central Stranraer. Arndale House offers a total floor area of approximately 418 sq. metres over three floors, and is currently occupied by three commercial tenants, with a further three vacant units. The existing rental income offers an impressive gross rental yield in excess of 16.5%, with the potential to significantly increase rental income by tenanting the vacant units. There may also be the opportunity to explore alternative development options subject, of course, to the required consents. Prospective purchasers should note that the property is currently elected for VAT. This exciting and attractively priced opportunity is sure to attract strong interest from a range of investors and early expression of interest is strongly recommended.

Tenure

Freehold

Area

Stranraer offers a wide range of independent and national retail options, as well as a variety of bars, restaurants, etc. Both primary and secondary education facilities are within the town, as is Dumfries and Galloway college campus. The surrounding area is a magnet for outdoor enthusiasts, with scenic walks, cycle routes, sailing, golf and other pursuits all easily reached. Communication links in the area are good with railway stations in Barrhill, Girvan, Ayr and Dumfries. The M77, linking the area to Glasgow and central Scotland is also accessed at Ayr. Cairnryan lies about 10 miles to the west and is the main ferry terminal for Northern Ireland with services to both Larne and Belfast.

Local Authority

Dumfries and Galloway Council

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration/Auction Fee of 3.6% of the purchase price of the property including VAT, subject to a minimum of £3,600 including VAT, unless otherwise stated.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.