Town Centre Location
Former Hotel with Restaurant
1st, 2nd & Attic Floors
Residential Development Opportunity
P.O.A
Location
The subjects are situated on the corner of Douglas Street and St Andrews Street occupying a South Eastern position opposite the Douglas Arms Hotel and directly above the Jade Palace Restaurant within the town centre of Castle Douglas.
Castle Douglas is a town of around 4,200 people with an expanding tourist industry situated approximately 18 miles south west from Dumfries in rural Dumfries and Galloway. Tourist attraction stems from the ease of access to the Solway Coast and the Galloway Hills lying to the west of the town of Dalbeattie (6miles) and east of Gatehouse of Fleet (14miles).
Subjects
The subjects comprise the 1st, 2nd & converted attic floors of a 3 storey traditional sandstone building surmounted by a pitched roof with a 2 no. storey extension to the rear. The subjects were formerly utilised as a hotel with its most recent incarnation as an Indian restaurant with letting rooms.
Access to the subjects are gained via a single timber door at street level from King Street leading to an internal secondary aluminium framed double glazed door presenting a spacious reception hall with large carpeted staircase leading to the first floor.
The first floor benefits from characteristics of its former glory as a hotel with accents of traditional decor throughout, the first floor offers spacious dining area, large kitchen with separate prep area along with further dry store and private dining area / office overlooking King Street with the dining area benefitting from views over King Street and St Andrews Street along with the benefit of excellent natural light. The kitchen area to the rear of the subjects benefits from single stairwell leading to a common area to the rear of the demise at ground floor.
Access to the 2nd floor is gained via a single staircase situated within the centre of the 1st floor with single return leading to the letting rooms. The 2nd floor boasts 5 large bedrooms with en-suite shower facilities with common w.c. situated within the hallway, each bedroom accommodates a double bed, large chest of drawers along with space for further installation of individual en-suite bathrooms.
The attic floor is accessed via the same stairwell the attic space offers 4 no. large bedrooms with en-suite showers and also common w.c. with further room for redevelopment to incorporate w.c.s within each room.
The subjects have been neglected within recent years and require refurbishment throughout, viewing is essential to understand the potential the property holds either for restaurant / hotel / residential / serviced apartments / hostel (subject to planning)
NAV/RV
The subjects have been assessed and entered onto the valuation roll with the following NAV/RV
£XXX
Planning
The subjects previously held planning consent for a hotel with associated restaurant however until recently the subjects operated as a restaurant with guest rooms. Interested partiers should satisfy themselves as to current planning and proposed planning applications in respect of the subjects
Proposal
Our client is inviting offers for their freehold and leasehold interest in the subjects. Further information available form the marketing agent.
V.A.T.
The subjects have not been elected for V.A.T.