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Large Commercial Premises, 24 Victoria Street, Newton Stewart, DG8 6BT

1,388 Sq Ft / Retail / Investment

For Sale - £45,000.00

Available - Last updated: 22 January 2024

The property comprises of a ground floor retail unit contained within a two-storey building of stone construction beneath a pitched and slated roof, interconnecting to two single storey rear extensions of stone/brick construction beneath pitched and slated roofs. Internally, the subjects comprise open plan retail accommodation with office, storage, kitchen and w.c. facilities.      

Property is situated within the business district of Newton Stewart attracting a large footfall, which is sure to attract large volumes of business.  

Would suit an owner occupier or a commercial landlord looking for an easily lettable commercial property with a potential rental monthly value of £541 - £625 which gifts a 13% - 15% gross yield based off a purchase price of £50,000.     

The property was used as a successful florist however could be used for a variety of other uses such as an office, shop unit, café or more. There could also be potential to turn it into a fast-food restaurant (subject to researching and gaining the necessary contents).      

Property benefits from being in the busiest street in Newton Stewart, offering a range of commutable benefits and attractions, sure to appeal to landlords looking for an excellent turnkey commercial investment.

Location

Newton Stewart is located within Dumfries & Galloway and has a resident population of approximately 4,092 persons (Census 2011). The town is situated approximately 24 miles east of Stranraer and 41 miles west of Dumfries, connected by the A75 trunk road. The subject property is situated on the west side of Victoria Street, within the town centre of Newton Stewart.

Accommodation

Approximately 1,388 sq ft (129 sq m)

Terms

Guide Price - £45,000

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

  • Prime Property Auctions New Entry. Large Commercial unit located in the busy thoroughfare of Newton Stewart, Dumfries and Galloway. 
  • Large premises that extends to approximately 129 meters squared. Excellent Rental potential of £6,500 - £7,500. 
  • Sure to appeal to a variety of buyers. Would suit an owner occupier or a commercial landlord looking for an easily lettable commercial property. 
  • Super Rental yield potential of 13% - 15% if achieved for Guide price of £50,000. 
  • Property benefits from being in the busiest street in Newton Stewart, offering a range of commutable benefits and attractions, sure to appeal to landlords looking for an excellent turnkey commercial investment.  

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £45,000.00 NA

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Contact agents

John Morris & Luis Guarin

Prime Property Auctions

0141 538 0212



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