Fantastic and unique opportunity for a builder / developer or investor to purchase, 5, 7 and 9 Bridge St, Stranraer which is currently split into a hairdressers, five flats, and large derelict grain store which has planning to be converted to five residences and a commercial unit (Further information can be obtained from Toril Glendinning at Dumfries and Galloway Council). The hairdressers at No.5 is currently rented for £400pcm. The property at No.7 is formed over three levels and comprises on the top floor of two x one bedroom flats with underfloor heating and double glazing (one tenanted at £325pcm), on the first floor are two x two bedroom flats with gas central heating (both tenanted at £350pcm) and a one bed flat on the ground floor with electric heating and double glazing (currently used by the owner). All the flats are in good condition throughout and have been maintained to a good standard. Both vacant flats could be rented for £650pcm giving a rental yield of over 25%. The former grain store is currently derelict and can't be accessed for safety reasons. Viewing is strongly recommended to appreciate the property on offer at such an attractive price.
Perfect buy to let investment
Great builder / developer opportunity
All flats in good condition throughout
3 flats and hairdressers currently tenanted
Priced to sell
Stranraer has a wide range of amenities including shops, large supermarkets, hospital, doctors, hotels, restaurants, a rail link to Ayr and destinations beyond. Stranraer also has primary schools and a large secondary school, Stranraer Academy. There are various leisure facilities, including the Ryan Centre, as well as a boating marina and harbour opposite Harbour House. The Marina in Stranraer is part of a regeneration project which will improve the waterfront area of the town for future generations. Stranraer is surrounded by beautiful open gardens including Logan Botanic Garden, Glenwhan Garden, and Castle Kennedy Gardens in the grounds of Lochinch Castle, in nearby Castle Kennedy.
Dumfries and Galloway Council
Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.