138 & 138A King Street, Castle Douglas, DG7 1LU

Description

• PRIME NEW ENTRY. We are excited to present this fantastic mixed use investment opportunity. Spacious 2 bedroom flat and commercial unit, located within a prime location in Castle Douglas. 

• For rental purposes, the flat is currently tenanted at £450 p/m (£5,400 per annum). Once commercial unit is renovated, property could potentially achieve a combined rent of £10,800-£12,000 p/a. **High yield potential**

• Excellent development opportunity. Sure to appeal to shrewd investors looking for a mixed use investment opportunity with great yield potential. 

• Commercial unit has a rateable value of £9,400, benefiting from 100% small business relief. 

• Property is situated in a prime main street location, benefiting from good daily footfall and is in close proximity to local amenities. 

NEW ENTRY. Fantastic mixed use residential & commercial investment opportunity, located within a prime location in Castle Douglas. 

Property Comprises: 

Ground floor:Open-plan unit ready for development. Would lend itself for multiple uses subject to gaining necessary permissions. 

Top Floor:Flat with 2 spacious bedrooms, living area, and kitchen. Property benefits from ample storage throughout. 

Sure to appeal to investors looking for an excellent mixed use investment opportunity producing immediate cashflow. 

Potential for property to be converted to full residential use, subject to gaining necessary planning permissions.

Combined rent potential of £10,800-£12,000 per annum. Excellent yield potential. 

The property is located in a prime main street location, attracting large daily footfall - **PRIME LOCATION**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our Offer Now 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

Castle Douglas is a small market town in Dumfries and Galloway known for its traditional high street, strong sense of community, and access to some of southwest Scotland’s most scenic countryside, including nearby lochs, forests, and coastline. People choose to live there for its slower pace of life, relatively affordable property compared with major Scottish cities, and the appeal of a close-knit rural town that still has everyday amenities like independent shops, schools, and healthcare. From an investment perspective, Castle Douglas attracts interest in residential property and holiday lets because of steady local demand, tourism linked to outdoor activities, and its position as a service hub for surrounding rural areas, which helps support small businesses and rental stability even without large-scale urban growth. 

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.