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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:
A commercial development opportunity with planning permission is available in Castle Douglas, Kirkcudbrightshire, with a guide price of £100,000. The property, previously a dentist's surgery, has been granted permission to convert the first floor into a 3-bedroom dwelling and the second floor into a 2-bedroom flat. With potential rental income of £16,800-£18,000 per annum, this property offers a superb potential yield of 18%. If converted, the property could achieve a GDV of circa £375,000, providing a fantastic potential return on investment. The property is located in a prime area of Castle Douglas, a picturesque market town in southwest Scotland, with a strong sense of community and excellent educational facilities.