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Lot 1k

Guide Price: £89,000 - Bid Now

193 King Street, Castle Douglas, DG7 1DZ


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Key Features:

Town Centre Location Former Hotel with Restaurant - 1st, 2nd & Attic Floors Residential Development Opportunity or HOTEL / RESTAURANT / REDEVELOPMENT (subject consents). Comprise the 1st, 2nd & converted attic floors of a 3 storey traditional building with a 2 no. storey extension to the rear. Formerly a hotel with its most recent incarnation as an Indian restaurant with letting rooms.


  • SUPER LOCATION - The subjects are situated on the corner of Douglas Street and St Andrews Street occupying a South Eastern position opposite the Douglas Arms Hotel and directly above the Jade Palace Restaurant within the town centre of Castle Douglas. RIPE FOR DEVELOPMENT. ***VAT FREE PROPERTY*** SOLD VACANT POSSESSION.
  • RIPE FOR DEVELOPMENT. Spacious reception hall with large carpeted staircase leading to the first floor. Require refurbishment throughout, viewing is essential to understand the potential the property holds either for restaurant / hotel / residential / serviced apartments / hostel (subject to planning). ***Rental potential up to £22,000 per annum.***
  • The subjects previously held planning consent for a hotel with associated restaurant however until recently the subjects operated as a restaurant with guest rooms. THEREFORE VARIOUS POTENTIAL USES subject consents. ---SALE ON INSTRUCTIONS OF ASSET MANAGEMENT COMPANY--- Priced for a fast sale.
  • IDEAL DEVELOPMENT PROPERTY. Castle Douglas is a town of around 4,200 people with an expanding tourist industry situated approximately 18 miles south west from Dumfries in rural Dumfries and Galloway.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

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Further Details:

RIPE FOR DEVELOPMENT. The subjects comprise the 1st, 2nd & converted attic floors of a 3 storey traditional sandstone building surmounted by a pitched roof with a 2 no. storey extension to the rear. The subjects were formerly utilised as a hotel with its most recent incarnation as an Indian restaurant with letting rooms. Access to the subjects are gained via a single timber door at street level from King Street leading to an internal secondary aluminium framed double glazed door presenting a spacious reception hall with large carpeted staircase leading to the first floor. The first floor benefits from characteristics of its former glory as a hotel with accents of traditional decor throughout, the first floor offers spacious dining area, large kitchen with separate prep area along with further dry store and private dining area / office overlooking King Street with the dining area benefitting from views over King Street and St Andrews Street along with the benefit of excellent natural light. The kitchen area to the rear of the subjects benefits from single stairwell leading to a common area to the rear of the demise at ground floor. Access to the 2nd floor is gained via a single staircase situated within the centre of the 1st floor with single return leading to the letting rooms. The 2nd floor boasts 5 large bedrooms with en-suite shower facilities with common w.c. situated within the hallway, each bedroom accommodates a double bed, large chest of drawers along with space for further installation of individual en-suite bathrooms. The attic floor is accessed via the same stairwell the attic space offers 4 no. large bedrooms with en-suite showers and also common w.c. with further room for redevelopment to incorporate w.c.s within each room. SUPER POTENTIAL the property holds either for restaurant / hotel / residential / serviced apartments / hostel (subject to planning). ***Rental potential up to £22,000 per annum.***

Guide Price: £89,000 - Bid Now


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 at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained...

You may submit an offer now on any of our live properties for the sellers to consider. 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.

Map & Location:


Castle Douglas is a town of around 4,200 people with an expanding tourist industry situated approximately 18 miles south west from Dumfries in rural Dumfries and Galloway. Tourist attraction stems from the ease of access to the Solway Coast and the Galloway Hills lying to the west of the town of Dalbeattie (6miles) and east of Gatehouse of Fleet (14miles).

Viewings:


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    22 October 2018


  • Start Time...

    7.00pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

Glasgow Radisson | Edinburgh Marriott


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form