189 King Street, Castle Douglas, DG7 1DZ
- PROPERTY TYPE
Mixed Use
- SIZE
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Key features
- 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
- If converted, both properties could potentially achieve a combined rental income of £1400 - £1500 per calendar month, generating an annual income of £16,800 - £18,000 or a gross yield of 18% if a
- *** 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 2
- If converted, property could achieve a GDV of circa £375,000 subject to degree and spec of renovation. *** FANTASTIC POTENTIAL RETURN ON INVESTMENT ***
Description
- 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. *** SURE TO APPEAL TO A SHREWD DEVELOPER ***
- If converted, both properties could potentially achieve a combined rental income of £1400 - £1500 per calendar month, generating an annual income of £16,800 - £18,000 or a gross yield of 18% if achieved at a guide price of £100,000. *** SUPERB POTENTIAL YIELD ***
- *** 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 ***
- If converted, property could achieve a GDV of circa £375,000 subject to degree and spec of renovation. *** 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. *** SURE TO APPEAL TO A SHREWD DEVELOPER ***
Proposed property on the first floor comprises: Entrance hallway, kitchen, 3 double bedrooms, a bathroom and a lounge.
Proposed property on the second floor comprises: Entrance hallway, lounge, kitchen/diner, bathroom, 2 spacious bedrooms, with ample storage space throughout. *** SURE TO APPEAL TO A SHREWD DEVELOPER ***
If converted, both properties could potentially achieve a combined rental income of £1400 - £1500 per calendar month, generating an annual income of £16,800 - £18,000 or a gross yield of 18% if achieved at a guide price of £100,000. *** SUPERB POTENTIAL YIELD ***
If converted, property could achieve aGDV of circa £375,000 subject to degree and spec of renovation. *** 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. Should you wish to offer NOW, you can do so via our "OFFER NOW" button on our website.
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. For further details on how to have a bidding account created please contact the team.
Location:
Castle Douglas is a picturesque market town nestled in the heart of Dumfries and Galloway, in southwest Scotland. Known as the "Food Town" due to its rich agricultural heritage and vibrant local produce scene, Castle Douglas offers a charming blend of rural tranquillity and lively community life. Situated just 18 miles southwest of Dumfries and close to the beautiful Solway Coast, this town provides an idyllic setting for those seeking a peaceful yet connected lifestyle.
The town is family-friendly, with a strong sense of community and excellent educational facilities. Castle Douglas High School and several well-regarded primary schools serve the area, ensuring that children receive a quality education close to home. The town also has a variety of clubs and organisations, from sports teams to arts groups, fostering a vibrant community spirit.
Transport links in Castle Douglas connect the town to the wider region with ease. The A75, part of the Euroroute E18, runs through the town, providing direct road access to Dumfries, Stranraer, and beyond. Regular bus services link Castle Douglas with nearby towns and cities, while Dumfries offers rail connections to Glasgow and Carlisle.
189 King Street, Castle Douglas, DG7 1DZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Dumfries Station16.0 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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