Retail premises for sale in 11 Galloway Street, Dumfries DG2
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Property features
- Prime Property Auctions is excited to present a commercial investment opportunity in Dumfries town centre *** Guide Price £25,000 ***
- 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 assest they can put their own stamp on.
- ***12/13, Galloway Street, Dumfries DG2 7TL previously sold for £67,000 in 2020,23, Galloway Street, Dumfries, Dumfriesshire DG2 7TL previously sold for £100,000 in 2023 ***
- 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 13% yield if achieved for guide price of £25,000. Property could potentially attract a monthly rental figure of £300 - £400 per month. ***fantastic yielding investment***
Property description
- Prime Property Auctions is excited to present a commercial investment opportunity in Dumfries town centre *** Guide Price £25,000 ***
- 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.
- ***12/13, Galloway Street, Dumfries DG2 7TL previously sold for £67,000 in 2020,23, Galloway Street, Dumfries, Dumfriesshire DG2 7TL previously sold for £100,000 in 2023 ***
- 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 13% yield if achieved for guide price of £25,000. Property could potentially attract a monthly rental figure of £300 - £400 per month. ***fantastic yielding investment***
Property has a Guide price of £25,000 and is sure to appeal to investors looking for an easily lettable commercial property or owner occupiers looking for a large commercial unit they can operate as business.
For rental purposes, the property is currently tenanted at £280/m (£3,360 p/a), which provides an excellent 13% yield if achieved for guide price of £25,000. Property could potentially attract a monthly rental figure of £300 - £400 per month. ***fantastic yielding investment***
Property comprises: Large shop front, W/C and spacious storage space to the rear.
The property is currently tenanted at £280
For rental purposes, the property could attract a monthly rental of £300 - £400pm. This would provide an annual income of £6300 - £7500 per annum.
***Impressive size for the guide price of £25,000***
Sought after main street location benefiting from large daily footfall.
Property benefits from a rateable value of £2100
Potentially high yielding investment property.
This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
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.
For more information about this property, please contact
Prime Property Auctions, G2 on +44 330 098 3814 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Prime Property Auctions, and do not constitute property particulars. Please contact Prime Property Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.