Property for saleGalloway Street, Dumfries DG2
Local area information
- Laurieknowe School 0.1 miles
- Loreburn School 0.3 miles
- Dumfries 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Turnkey property
- Being sold with tenant in situ
- Located on busy main street
- May be eligible for small business rates relief
- Current rental income £350pcm / £4200pa
- Current rental yield of over 18% at Guide Price
- Visit the Auction House Scotland website to download the Legal Pack
New to auction is this cash flowing commercial space on the busy Galloway Street. The property comprises of sales area, back room, w/c and a small courtyard to the rear, the property is approximately 260 sq. Meters, currently trading as a vape shop and is receiving £350 pcm and if purchased at the guide price would yield at 18%. The rateable value is currently £2075 per annum which means the property may be eligible for rates relief under the small business bonus scheme. With such an attractive guide price this will inevitably attract much attention and early expression of interest is recommended.
The property is situated on the south side of Galloway Street between its junctions with Glasgow Road and Howgate Street within the town of Dumfries. The town of Dumfries has three golf courses, a hospital and a Morrisons supermarket. The railway station provides access to Glasgow, Edinburgh and south to Carlisle, where connections can be made for the rest of England. Excellent local primary schools and Dumfries Academy is a well regarded secondary. The Crichton University campus is also nearby. The A74 motorway provides motorway connections both north to Glasgow and south, via the M6, to Carlisle, Penrith and central and southern England.
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
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