For Sale By Auction | 14:00, 19 September 2019

7B, Terregles Street, Dumfries, Dumfries And Galloway, DG2 9AA

*Guide | £29,500+ (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 19/09/2019

Auction Time

14:00

Auction Venue

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

Ground and basement floor commercial unit

This commercial property enjoys convenient location approximately 1 mile from Dumfries town centre. The property is part of a traditional red sandstone and is formed over ground and basement levels with a self-contained residential property on the upper floors. The total floor area is divided into a number of working areas including offices, storage and WC and extends to approximately 832 sq. ft (77 sq. metres). For the last 10 years the property has been tenanted by a dental practice, at a most recent rental of £9,000 per annum, who have recently vacated to merge with another local firm. The surrounding area is a mix of both residential and commercial properties and the attractive guide price makes a number of end use options available including commercial rental, small business start-up or even potential for conversion to residential. The current published rateable value is £3,600 which means the property may qualify for rates relief under the small business bonus scheme.

Tenure

Freehold

Convenient central Dumfries location

Competitive Guide Price

Potential commercial rental yield in excess of 30%

Residential conversion opportunity

Low rateable value may qualify for rates relief

Potential rental value of approximately £750pcm / £9,000pa

Area

The town of Dumfries has three golf courses, a hospital and a Morrisons supermarket. The railway station provides access to Glasgow, Edinburgh and south to Carlisle, where connections can be made for the rest of England. Excellent local primary schools and Dumfries Academy is a well regarded secondary. The Crichton University campus is also nearby. The A74 motorway provides motorway connections both north to Glasgow and south, via the M6, to Carlisle, Penrith and central and southern England.

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.