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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

FULL BUILDING 7,989 sq feet over ground 7,025 sq feet + basement + 1st floor. ADJACENT SCOTMID, Bank of Scotland. Rent £22,000 per annum New lease for a period of 10 years from 2024-2034

Super spot in popular CASTLE DOUGLAS along from Boots, Banks, SCOTMID, Pharmacy. 10 Year lease to Wilkies Trading Limited at £22k pa. Ending 2034.

SUPER SIZE LARGEST BUILDINGS IN CASTLE DOUGLAS former WOOLWORTHS.... Title Number KRK1844.

Occupiers close by include Co-op Food, Bank of Scotland, Post Office and Boots Pharmacy. The property is situated on the south side of King Street, between its junctions with Academy Street/Church St

The town of Castle Douglas is located in South-West Scotland at the northern end of Carlingwark Loch, some 9 miles north of Kirkcudbright and 18 miles south-west of Dumfries.

'Wilkies' 113-121 King Street , Castle Douglas, DG7 1LZ, FULL BUILDING FULL BUILDING 7,989 sq feet over ground 7,025 sq feet + basement + 1st floor. ADJACENT SCOTMID, Bank of Scotland. New lease has been agreed at £22,000 per annum but has not yet been signed. Therefore the new purchaser can either renegotiate this or occupy the property themselves as the new lease has yet been finalised, leaving it open for the new owner to negotiate terms and either agree them or alternatively occupy the property or sequel. Alternative terms terms.

Occupiers close by include Co-op Food, Bank of Scotland, Post Office and Boots Pharmacy. The property is situated on the south side of King Street, between its junctions with Academy Street & Church Stree The town of Castle Douglas is located in South-West Scotland at the northern end of Carlingwark Loch, some 9 miles north of Kirkcudbright and 18 miles south-west of Dumfries. Occupiers close by include Co-op Food, Bank of Scotland, , Scotmid and Boots Pharmacy amongst some other local traders

Full Address: 113-121 King Street, Let Wilkies Investment, Castle Douglas, DG7 1LZ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £22,000 per year / £1,833 per month
Yield: 14% (approx)
Tenant: Company
Notes: Rent £22,000 per annum New lease for a period of 10 years

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Pricing Information & Bidding

Guide Price: £180,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £189,000

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

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