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Development Site with Planning Consent , Cotton Street, Glenrigg Place, Castle Douglas, DG7 1AH

not specified / Land

For Sale - £500,000.00

Available - Last updated: 17 March 2019

The subjects comprise a cleared brownfield site, formerly occupied by an abattoir. The site is of irregular shape, but is generally level-lying. We calculate that the site area extends to approximately 0.278 hectare (0.69 acre) or thereby on the basis of dimensions scaled from the Ordnance Survey extract overleaf, although details will require to be verified with reference to the title deeds. Dumfries & Galloway Council own adjacent land, and our clients advise that they have indicated a willingness to offer some of this ground for sale to enlarge the site, if so required

Location

CASTLE DOUGLAS, with a population of around 4,070, is an attractive market town in the Dumfries and Galloway region of southwest Scotland. The town has retained much of its original character, and the wide variety of local retailers and the excellent range of facilities offered has helped Castle Douglas continue to flourish as a shopping destination. The area is very popular with tourists too, with the surrounding area boasting unspoilt countryside, forests and a varied coastline. GLENRIGG PLACE, at the northern end of Cotton Street, is an established predominantly residential district within Castle Douglas and benefits from being located adjacent to a large expanse of open space to the north and west. The town’s main shopping and business area, which is centred around King Street, is a short level walk away – and other amenities, including supermarkets and healthcare facilities, are available within easy reach

Accommodation

 Planning - Planning Permission was granted on 20th July 2006 (Ref: 06/P/2/0208) for the Erection 16 Flatted Dwellinghouses and Formation of Parking Area and New Access at Former Abattoir, Cotton Street, Castle Douglas. Copies of the Planning Permission documentation can be made available on request.

Terms

 Services It is understood that all mains service connections are on hand. All parties are respectfully advised to satisfy themselves on the availability of services and their capacity in relation to any proposed development. 

Incentives Our clients appreciate that many developers face a variety of difficulties in procuring their proposals, and bringing schemes to fruition in the current economic and financial climate. In particular, it is recognised that one of the main issues facing developers is a general lack of funding being available from the main financial institutions. As an incentive to interested parties we would be pleased to discuss, along with our clients, proposals to help facilitate the development of this site. For example, our clients would look quite favourably at options to form a joint venture to develop the site. Alternatively, consideration may also be given to accepting stage/phased payments for the land, or perhaps deferring final payment until the development is complete or units are sold.

Price Offers in the region of £500,000 are invited for the site with vacant possession, and benefiting from the existing Planning Permission. 

Value Added Tax All prices, rents and premiums, where quoted, are exclusive of Value Added Tax. Prospective purchasers/lessees are advised to satisfy themselves independently as to the incidence of VAT in respect of this transaction. 

Costs Each party will be responsible for their own costs incurred n this transaction. 

Entry Early entry is available on completion on legal formalities.

Specification

• 0.278 HECTARE (0.69 ACRE) CLEARED SITE.
• Convenient and accessible location close to the town centre.
• PLANNING PERMISSSION granted 2006 for the erection of 16 flatted dwellinghouses and the formation of parking.
• Site and location also very well suited for alternative commercial development (subject to Planning) including a retail scheme or establishing a nursing/residential care home.
• FLEXIBLE OPTIONS AVAILABLE including, for example, a joint venture to develop the site, or stage/deferred payment of the purchase price.
• Offers in the region of £500,000 are invited.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Glenrigg Place For Sale £500,000.00 NA

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Fraser Carson

Shepherd Commercial

01387 334024



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