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Commercial Investment Opportunity, 50 Friars Vennel, Dumfries, DG1 2RL

not specified / Retail / General Retail

For Sale - £30,000.00

Available - Last updated: 22 October 2024

Prime Opportunity for Commercial investors looking for a property in an excellent location with high yield potential. Sure to appeal to investors looking for an affordable commercial investment opportunity.

For rental purposes, The property is currently tenanted at £280. It could attract a monthly rental of £300 - £400pm. This would provide an annual income of £6300 - £7500 per annum.

Location

Dumfries is an attractive option for buying and investing due to its affordable property prices, which are lower than in larger cities, making it accessible for homebuyers and investors. The town features a diverse economy with job opportunities in tourism, agriculture, and new businesses, contributing to its growth. Surrounded by stunning natural beauty, Dumfries attracts visitors, boosting local businesses. Its good transport links to Glasgow and Edinburgh make commuting convenient, while the friendly community offers excellent schools, parks, and healthcare, ideal for families and retirees. With a rich history and cultural attractions drawing tourists, Dumfries has potential for future growth, especially with any planned developments.

Accommodation

Property Comprises:  Sales area to the front,  staff and toilet facilities to the rear

Terms

Guide Price - £30,000

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.

Specification

  • Brand new to the market is this tenanted commercial property situated on Friars Vennel in Dumfries *** Guide Price - £30,000 ***
  • *** 63-65, Friars Vennel, Dumfries DG1 2RQ previously sold for £100,000, School Of Arts, George Street, Dumfries DG1 1EA previously sold for £95,000 ***
  • Fantastic Opportunity for Commercial investors looking for an affordable commercial premises in a busy location with high yield potential or owner occupiers looking for an exceptional commercial asset they can put their own stamp on.
  • Property is situated on a busy street in Dumfries, benefiting from large footfall traffic - ***PRIME COMMERCIAL INVESTMENT LOCATION***
  • For rental purposes, the property is currently tenanted at £280/m (£3,360 p/a), which provides an excellent 11% yield if achieved for guide price of £30,000. Property could potentially attract a monthly rental figure of £300 - £400 per month. ***FANTASTIC YIELDING INVESTMENT***

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £30,000.00 NA

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Contact agents

John Morris & Luis Guarin

Prime Property Auctions

0141 538 0212



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