Property for sale

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Property for sale

24 Victoria Street, Newton Stewart, DG8 6BT
£45,000

Our Summary

  • The large premises extends to approximately 129 meters squared, providing an excellent potential of £6,500 - £7,500 which is sure to appeal to a variety of buyers
  • There could also be potential to turn it into a fast-food restaurant (subject to researching and gaining the necessary contents)

Description

A large commercial unit is available for auction in the busy thoroughfare of Newton Stewart, Dumfries and Galloway. The property extends to approximately 129 meters squared and has excellent rental potential of £6,500 - £7,500 per month. The unit is suitable for an owner occupier or commercial landlord and has a potential rental monthly value of £541 - £625, which gives a 13% - 15% gross yield based on a purchase price of £50,000. The property was previously used as a florist but could be used for various other purposes, such as an office, shop, café, or fast-food restaurant (subject to obtaining necessary permissions). The property benefits from being in the busiest street in Newton Stewart, which offers a range of commutable benefits and attractions, making it an excellent turnkey commercial investment.
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