The subjects comprise a sizeable three storey end-terraced property that was refurbished in 2010, together with a generously proportioned enclosed garden.
The original building is of stone construction, with a part roughcast and painted external finish, surmounted by a pitched and slate clad roof. In addition, there is a single-storey rear projection of brick construction with a painted render finish, under lean-to roofs clad with slate. The property benefits from a ground floor sales frontage with recessed entrance door and fascia signage, as well as partial double glazing
Location
Castle Douglas, with a population of circa 4,000, is the main administrative town serving the Stewartry district of Dumfries & Galloway. The town is a popular boutique retail destination and is also the main market town for the surrounding rural area, attracting high numbers of local shoppers and tourists. In addition, Castle Douglas is now well established as Scotland's Food Town and hosts a variety of events throughout the year. Commercial occupiers include national multiples together with local businesses offering a varied selection of goods and professional services
Accommodation
Ground Floor 717 sqft
First Floor 480 sqft
Attic Floor 227 sqft
Terms
The property is connected to mains supplies of water, gas and electricity. Drainage is assumed to be into the main public sewer. Space heating is provided in the main by a gas-fired boiler serving a series of wall mounted radiators.
Rateable Value RV - £7,200. The property therefore qualifies for 100% rates relief under the Small Business Bonus Scheme, subject to occupier eligibility.
Planning & Grant Funding We assume the subjects benefit from Class 1A (shops, financial, professional & other services) or Class 4 (business) consent, all in terms of the Town and Country Planning (Use Classes) (Scotland) Order 1997. The property is however well suited to alternative commercial use or residential conversion, subject to Local Authority consents. Interested parties are advised to make their own planning enquiries direct with Dumfries & Galloway Council. Grant funding for residential conversion may be available via the Dumfries & Galloway Council Town Centre Living Fund.
Rent & Lease Terms Rental offers around £16,000 per annum are invited. The property is available by way of a new Full Repairing & Insuring (FRI) lease, for a flexible term, incorporating a regular review pattern.
Tenant incentives may be available, subject to the length of lease agreed. Price Purchase offers over £195,000 are invited.
VAT We are verbally advised that the property is not VAT elected.
Legal Costs Each party will be responsible for their own legal costs incurred in the transaction. The tenant / purchaser will be responsible for any Land and Building Transaction Tax (LBTT) and registration dues, if applicable.
Energy Performance Certificate (EPC) Energy Performance Rating: E A copy of the EPC is available on request.
Specification
- Substantial three storey end-terraced building & private garden
- Refurbished in 2010
- Central position within popular tourist town
- Qualifies for 100% rates relief (subject to occupier eligibility)