21-23 High Street & 1-6 Victoria Place, Lockerbie, Dumfries & Galloway, DG11 2QZ

RESIDENTIAL INVESTMENT FOR SALE

21-23 High Street & 1-6 Victoria Place, Lockerbie, Dumfries & Galloway, DG11 2QZ

* Residential investment opportunity within Lockerbie town centre
* 10 dwellings across 3 blocks of new build and converted accommodation
* Accommodation is fully occupied with rental growth opportunities
* Rent £52,531.25 per annum
* Guide Price £695,000 exclusive


LOCATION

Lockerbie is a market town located immediately adjacent to the A74(M) in Dumfries and Galloway, south-western Scotland. The town is situated 12 miles east of Dumfries, 25 miles north of Carlisle, 67 miles south of Edinburgh and 71 miles south of Glasgow. The town also benefits from its mainline train station, which is situated on the Avanti West Coast mainline between London Euston and Glasgow.

The subject properties are accessed via High Street (B723) and Victoria Road within Lockerbie town centre, in what is a prominent residential and commercial location locally. Part of the investment opportunity is located above Wells Pharmacy, with other nearby commercial operators including Tesco Superstore, Halfords, Home Bargains and Greggs.

According to the 2022 Census for Scotland, the population of Lockerbie is 4,190, with Dumfries and Galloway having a wider population of 145,770.

The attached location plan shows the location of the premises (for identification purposes only).



DESCRIPTION

The opportunity consists of 10 residential flats, situated across three blocks of accommodation. The blocks are located around a landscaped communal courtyard, accessed from High Street and Victoria Road. The courtyard area has designated off-street car parking.

21-23 High Street consists of one 2-bed flat, two 1-bed flats and an adjoining 3-bed house. Part of the accommodation is situated above Wells Pharmacy in converted first floor accommodation. The building fronts onto High Street, and has an attractive red sandstone finish, typical of many properties in the area. The flats are accessed from the rear courtyard via an external staircase, whilst the adjoining 3-bed dwelling, which is also accessed from the courtyard, is accessed from the ground floor.

1-6 Victoria Place is divided into two residential blocks to the west and south of the courtyard. Block A (1-4 Victoria Place), consists of three 2-bed flats (two of which are on the first floor) and one 1-bed flat on the ground floor. The flats within this block share a communal entrance hall. Block B (5-6 Victoria Place) comprises of a ground floor 1-bed flat and a first floor 2-bed flat, which have their own entrance doors.

The dwellings are fully occupied and in good condition. All of the properties have a kitchen, dining and lounge area, and benefit from double glazing (aside those fronting High Street).


TENANCY SCHEDULE

The dwellings provide the following approximate rentals per annum:

21-23 High Street

Flat 1 £5,400 per annum
Flat 2 £4,944 per annum
Flat 3 £4,820.40 per annum
3 Bed House £6,180 per annum

1-6 Victoria Place

Block A
Flat 1 £4,944 per annum
Flat 2 £5,376.60 per annum
Flat 3 £5,350.50 per annum
Flat 4 £5,315.75 per annum

Block B
Flat 5 £4,800 per annum
Flat 6 £5,400 per annum

Total Rent £52,531.25 per annum



SERVICES

The dwellings have mains supplies of gas, electricity and water and are connected to the mains drainage and sewerage systems.

COUNCIL TAX

The Scottish Assessors Association outline that the dwellings have a band range between Council Tax Band A - C.

ENERGY PERFORMANCE CERTIFICATE

Copies of the EPC's for the properties are available upon request.

PROPOSAL

The investment has a rental income of £52,531.25 per annum.

The opportunity is available for sale at a Guide Price of £695,000 exclusive, for the freehold interest.

VAT

All figures quoted are exclusive of VAT where applicable.

LEGAL COSTS

Each party to bear their own legal costs in the preperation and settlement of the sale documentation together with any VAT thereon.

VIEWING

The property is available to view by prior appointment with the Carlisle Office of Edwin Thompson LLP. Contact:

Hugh Hodgson - h.

Joe Ellis - j.

Tel:




IMPORTANT NOTICE

Edwin Thompson for themselves and for the Vendor of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.
2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their correctness.
3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.
4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.
5. These particulars were prepared in April 2025