For Sale By Auction | 14:00, 27 June 2019

43, Whitesands, Dumfries, DG1 2RS

*Guide | £45,000+ (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 27/06/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Commercial Development

This commercial development opportunity enjoys attractive riverside location on the busy thoroughfare of Whitesands in Dumfries and is conveniently adjacent to one of the town's main free public car parks. The property offers accommodation over three levels comprising useable retail unit extending to 583 sq. ft (54 sq. m) on the ground floor, and two upper floors that have been stripped back to a shell with no formal means of access currently in place. The property offers a number of possible development outcomes (subject to necessary permissions) and it should be noted that the property is registered with Historic Environment Scotland as Category C listed. We are advised that the property is not elected for VAT but prospective purchasers should undertake their own investigations. The currently published rateable value is £3,950 which means that the property may qualify for rates relief under the Small Business Bonus Scheme. This property in current form would present an attractive addition to a commercial rental portfolio or for a small business operator, with the opportunity even more attractive thanks to the potential upper floors development.

Tenure

Freehold

Exciting development project

Variety of end development options

Attractive riverside location

Main town centre thoroughfare

Adjacent to free parking

Potential rates relief available

Area

Dumfries is the main shopping and administrative centre in south west Scotland lying around 75 miles south of Glasgow and 34 miles north west of Carlisle. Whitesands lies on the riverside and is one of the busiest thoroughfares in the town centre and nearby units are occupied by a range of local retailers. Dumfries attracts custom from the surrounding rural areas and also enjoys strong tourist demand through the spring and summer seasons. The bus station is conveniently at the upper end of Whitesands and Dumfries train station provides links to Glasgow, Carlisle and further afield. The M6 and M74 motorways are accessed via nearby Moffat, Gretna and Lockerbie.

Local Authority

Dumfries and Galloway Council

Additional Fees

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.