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Residential/Commercial Investment, 60/62 George Street / 32 & 30 Queen Street, Stranraer, DG9 7JS

7,233 Sq Ft / Other / Investment

For Sale

Available - Last updated: 18 January 2021

The investment consists of two separate, well managed blocks of property tat can be purchased individually, or, as a package.

60-62 George Street & 32 Queen Street

This sandstone built, corner block is contained over three floors and contains two well-presented shops trading as a tanning salon and a café, three one bedroom flats above the shops over the first and attic floors and a large, split level three bedroom flat taking private access of Queen Street.

30 Queen Street

A mid terraced block converted in the 1980s and contained over three floors, consisting of eight flats in total with three on each of the ground and first floors and two bedsits on the attic floor. The residential properties are occupied by private tenants on standard tenancy agreements.

Location

George Street is a main arterial route within Stranraer Town Centre and a mixed commercial/residential locality, whilst Queen Street runs perpendicular and is a predominantly residential street extending north to Stranraer Harbour and town centre car parking.

Accommodation

George Street Block

60 George Street tanning salon, rolling lease - 85 sqm

62 George Street Café, 10 years left on lease - 41 sqm 

1/R, 62 George Street 1 bed flat - 35 sqm 

1/L, 62 George Street 1 bed flat - 34 sqm 

Attic, 62 George Street 1 bed flat - 48 sqm 

32 Queen Street 3 bed flat -  130 sqm 

30 Queen Street Block

Flat A 1 bed flat – ground with patio - 47 sqm 

Flat B 1 bed flat - ground - 40 sqm 

Flat C 1 bed flat – ground with patio - 40 sqm 

Flat D 1 bed flat – first - 54 sqm 

Flat E 1 bed flat – first - 47 sqm 

Flat F 1 bed flat – first - 40 sqm  

Flat G Bedsit - Attic - 39 sqm 

Flat H Bedsit - Attic - 38 sqm 

Terms

PRICE - Offers are invited for the full portfolio, or, as two separate blocks

LEGAL COSTS - Each party to be responsible for their own costs incurred.

Specification

  • Prominent position within Stranraer Town Centre
  • Well managed & fully let residential/commercial portfolio
  • Two well-presented blocks of property
  • 60-62 George Street & 32 Queen Street - two shops and four flats
  • 30 Queen Street - eight flats
  • Current rent roll of £51,440 per annum
  • Gross Internal Area 672 sq.m (7,233 sq.ft)
  • Offers Invited 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers invited For Sale Freehold NA NA

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Contact agents

Anthony Zdanowicz

DM Hall

01698 225068



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