PRIME NEW LISTING. We are excited to present this tenanted commercial unit located within prime location in Sanquhar.
The property is held on a freehold basis, giving the buyer outright ownership and long term control over future strategy.
The properties enjoy a fantastic central location with excellent local amenities and transport connections, creating a compelling proposition for buyers seeking a blend of commercial and residential use with strong potential for capital and rental growth.
The property is being offered at a fantastic discount to ensure a sale and should appeal to purchasers looking for a straightforward acquisition with excellent upside potential.
Location
Sanquhar offers a well established local trading environment with regular passing traffic through the town centre, supporting day to day footfall for High Street occupiers. The area provides a solid mix of independent retailers and service businesses, helping underpin demand for practical commercial space. Road connections link easily to surrounding towns across Dumfries and Galloway, while the rail station improves accessibility for staff and customers travelling regionally. For investors, the combination of affordable entry pricing and ongoing occupier demand can make Sanquhar an attractive location for value add refurbishment and re letting, particularly for flexible units suited to a range of end uses.
Accommodation
Commercial Unit: Roughly 580 sq ft, providing ample space for a variety of uses.
Residential Element: Entrance hallway, living room, kitchen, three bedrooms, and two bathrooms.
Terms
Guide Price: £90,000
The investment is currently producing £650 per month, which is £7,800 per annum from the residential element, providing immediate, income producing security for the buyer. Based on current market rates, the combined rental income is understood to be around £1,300 per month, which is £15,600 per annum if optimised over time, subject to tenancy and due diligence.
The commercial unit could easily achieve £6,000 to £8,000 per annum in rental income once refurbished and let, with the works providing an opportunity to unlock the property's full potential. This is another great option for anyone looking to expand a portfolio or secure an affordable entry point into a mixed use investment, subject to tenancy and gaining the necessary information.
The rateable value has not been provided, and interested parties are advised to make their own enquiries with the local authority regarding any business rates liability or relief, subject to eligibility.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.