Unique Opportunity
Potential For Redevelopment
11 en suite bedrooms
Large Bar & Restaurant
Separate Manager Apartment
Basement, Ground, 1st & Attic
Lease: £XXXp.a.x
Price: £XXX
Location
The subjects are situated on the North West side of King Street, South of its junction with Cotton Street & North of Market Street on a main thoroughfare within the charming borders town of Castle Douglas.
Castle Douglas is a town of around 4,200 people with an expanding tourist industry situated approximately 18miles South West from Dumfries, within the Dumfries & Galloway region. Tourist attraction stems from the ease of access to the Salway Coast and the Galloway Hills lying to the West of the town of Dalbeattie (6 miles) and East of Gatehouse of Fleet (14 miles).
Subjects
The subjects comprise a substantial commercial development formed over ground, first and attic conversion with dormers, surmounted by a pitched roof overlaid in slate.
The property is of traditional construction with UPVC double glazing windows throughout and has central heating.
Internally the property has been divided to form main bar, kitchen, restaurant & w.c facilities at ground floor with cellar accessible from the rear along with hatch in the bar area.
A separate manager apartment comprising lounge, bedroom, kitchen and bathroom can be accessed via King St along with internally.
The upper floors are accessible via a single timber stairwell between the restaurant and bar with a further stairwell situated at the South of the demise. Emergency exits at each floor lead to an external aluminium stairwell situated at the rear of the demise.
The property benefits from 11 No. en-suite letting rooms. The hotel is available as seen fully furnished, however would benefit from some refurbishment.
NAV/RV
The subjects have been entered onto the valuation roll with the following NAV/RV
£XXX
Proposal
The subjects are available on a new full repairing and insuring head lease for a negotiable term for £XXXper annum.
Our client would dispose of their freehold interest for offers in excess of £XXX
V.A.T
Prices quoted are exclusive of V.A.T
E.P.C
Available on request
Viewing
By appointment via the marketing agent
Tie
The subjects are free of tie
Title
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction