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King Street, Castle Douglas DG7 Property for sale
189 King Street, Castle Douglas, DG7 1DZ
£100,000
189 King Street, Castle Douglas, DG7 1DZ
£100,000
Our Summary
- Prime Property Auctions is excited to bring to market this exceptional Commercial Development Opportunity with Planning Permission, located within a prime location in Castle Douglas, Kirkcudbrightshire
- **GUIDE OF £100,000*** Property was previously a dentists surgery and has been recently granted planning permission to convert the first floor into a 3-bed dwelling and the second floor into a 2-bed flatted dwelling, 24/0177/FUL
- *** FANTASTIC POTENTIAL RETURN ON INVESTMENT *** Prime Property Auctions is excited to bring to market this exceptional Commercial Development Opportunity with Planning Permission, located within a prime location in Castle Douglas, Kirkcudbrightshire
- **GUIDE OF £100,000*** Property was previously a dentists surgery and has been recently granted planning permission to convert the first floor into a 3-bed dwelling and the second floor into a 2-bed flatted dwelling, 24/0177/FUL
- *** FANTASTIC POTENTIAL RETURN ON INVESTMENT *** Sales Evidence: *** 43, Carlingwark Street, Castle Douglas, Kirkcudbrightshire, DG7 1HD Sold for £205,000 in June 2024, 12, Miller Place, Castle Douglas, Kirkcudbrightshire, DG7 1HJ Sold for £175,276 in November 2022 *** This lot is open to immediate offers
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
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Here is a summary of the property description in a single paragraph:
This commercial development opportunity in Castle Douglas, Kirkcudbrightshire, has planning permission to convert a former dentist's surgery into a 3-bed dwelling and a 2-bed flatted dwelling. The property has a guide price of £100,000 and offers a potential annual income of £16,800-£18,000, generating a gross yield of 18%. The property could achieve a GDV of circa £375,000 subject to the degree and spec of renovation. Located in a prime location, the town of Castle Douglas is known as the "Food Town" and offers a charming blend of rural tranquility and lively community life. The town has excellent educational facilities, a strong sense of community, and a variety of clubs and organisations, making it an attractive location for families and investors alike.