Property for sale in Galloway Street, Dumfries DG2

Guide price £22,500
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Property for sale

Tenure:
Freehold
Council tax band:
Not available

Property features

  • 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

Property description

Cash flowing commercial investment
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 £350pam and if purchased at the guide price would yield at 18%. The rateable value is currently £2075pa 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.


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Property info

Floorplan(s): 36512492

36512492 View original

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House Scotland, and do not constitute property particulars. Please contact Auction House Scotland 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.

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