Retail property (out of town)

• Brand new to the market is this tenanted commercial property situated on Friars Vennel in Dumfries * Guide Price - £20,000 *
• * 63-65, Friars Vennel, Dumfries DG1 2RQ previously sold for £100,000, School Of Arts, George Street, Dumfries DG1 1EA previously sold for £95,000 *
• 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.
• 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 £20,000. Property could potentially attract a monthly rental figure of £300 - £400 per month. *FANTASTIC YIELDING INVESTMENT*

Brand new to the market is this tenanted commercial property situated on Friars Vennel in Dumfries * Guide Price - £20,000 *

Property Comprises :  Sales area to the front,  staff and toilet facilities to the rear

Prime Opportunity for Commercial investors looking for a property in an excellent location with high yield potential. Sure to appeal to investors looking for an affordable commercial investment opportunity.

Property benefits from a rateable value of £2,250 per annum, benefiting from SMALL BUSINESS RATES RELIEF.

 

For rental purposes, The property is currently tenanted at £280. It could attract a monthly rental of £300 - £400pm. This would provide an annual income of £6300 - £7500 per annum.

Sure to appeal to shrewd commercial investors looking for a rare Commercial premises with great high yield potential.

The local area has shown same great sales evidence:

* 63-65, Friars Vennel, Dumfries DG1 2RQ previously sold for £100,000, School Of Arts, George Street, Dumfries DG1 1EA previously sold for £95,000 *

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 :

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.