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King Street, Castle Douglas DG7 Property for sale
King Street, Castle Douglas DG7
£70,000
King Street, Castle Douglas DG7
£70,000
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
- * FANTASTIC POTENTIAL RETURN ON INVESTMENT *
- *** 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, Kirkcudbrightshi
- 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, 24/01
Description
Prime Property Auctions is offering a unique commercial development opportunity in Castle Douglas, Kirkcudbrightshire, with planning permission to convert a former dentist's surgery into a 3-bed dwelling and a 2-bed flatted dwelling. The property, which has a guide price of £100,000, has potential to generate a combined rental income of £16,800-£18,000 per annum, offering a gross yield of 18%. The development has been granted planning permission, reference 24/0177/FUL, and could achieve a GDV of circa £375,000 subject to the degree and spec of renovation. The property is located in a prime location in Castle Douglas, a picturesque market town in southwest Scotland, known for its rich agricultural heritage and vibrant local produce scene. The town offers a charming blend of rural tranquility and lively community life, with excellent educational facilities, family-friendly atmosphere, and good transport links to the wider region.