For Sale By Auction | 14:00, 29 November 2018

1-3, Whitesands, Dumfries, DG12 6JE

*Guide | £60,000 - £70,000 (plus fees)

  • Commercial Development
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 29/11/2018

Auction Time

14:00

Auction Venue

200 St Vincent Street, Conference and Events Venue, Glasgow, G2 5RQ

Viewing Times:

Wed 31 Oct

16:00-16:15

Development opportunity

This exciting development property enjoys prime corner position on the edge of Dumfries town centre. The property extends to a total floor area of approx 299 sq. metres (3256 sq. feet) over three floors and basement. All areas are currently vacant but the ground floor was most recently rented out as a convenience store (approx 85 sq. metres) with the upper and basement levels being used for commercial activities and miscellaneous storage. The prime position near to various local businesses, bus terminal and main thoroughfares would make this an ideal site to re-establish the retail unit with the upper floors offering a variety of options for residential conversion (subject to required planning consents) or other commercial uses. The current rateable value is £8750 which would potentially qualify for rates relief under the Small Business Bonus Scheme. The competitive asking price offers great potential for attractive return on investment and significant end development value.

Tenure

Freehold

Guide Price £60,000 - £70,000

Exciting development opportunity

Potential residential conversion

Priced to sell

Great potential return on investment

Prime town centre location

Area

Set on the edge of Dumfries town centre where you have a wide range of amenities including a variety of shops, public house’s, restaurants, schooling as well as various sporting facilities. The M74 provides transport links to the North and South and is available at Lockerbie approximately 13 miles to the East. There is mainline train stations within walking distance in the town centre or in Lockerbie for easy access also North and South.

Local Authority

Dumfries and Galloway Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of £2,000 inc VAT unless otherwise stated

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