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Description

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

20-24 Castle Street consists of Pharmacy and upper left 2 bedroom residential flat including attic floor. Pharmacy is let on FRI agreement at £10,000 per annum. Residential flat is vacant possession.

Rowlands Pharmacy Investment - Internal area approx. 111.12 Sq.M and for the flat an internal area of approx. 117.58 Sq.M. There is also a store which has an area of 38.49 Sq.M. Freehold Sale.

Mixed use portfolio of a commercial premises and residential flat (above the pharmacy). Rent £10,000 per annum. 15 year lease expiring on 24/03/2031 Tenant is Phoenix Medical Group.

Perfect Investment Property with established tenant in place on ground floor. The property is located within the Ayrshire village of New Cumnock which offers a selection of local amenities.

New Cumnock has a selection of amenities all within easy reach and additional everyday amenities, including shops and supermarkets are available a short distance away in the larger town of Cumnock.

20-24 Castle Street consists of a tenanted pharmacy unit (ground floor) and an upper left 2 bedroom residential flat including attic floor. The pharmacy (Rowlands) is let on a FRI (full repair and insure) lease agreement at £10,000 per annum. The residential flat is vacant possession. Freehold Sale. Rowlands Pharmacy Investment - Internal area approx. 111.12 Sq.M and for the flat an internal area of approx. 117.58 Sq.M. There is also a store which has an area of 38.49 Sq.M. There are supermarkets locally including Asda in Cumnock and Tesco in Auchinleck. For commuters there are excellent road and rail links with the A76 linking to Dumfries and Kilmarnock. The centre of Glasgow is around one hours drive while both Ayr and Kilmarnock are within thirty minutes drive Mixed use portfolio of a commercial premises and residential flat (above the pharmacy). Rent £10,000 per annum. 15 year lease expiring on 24/03/2031. Tenant is Phoenix Medical Group. Desirable town location. Prominent main street commercial frontage. Strong residential demand in the local area. New Cumnock is a town in East Ayrshire which has seen considerable redevelopment by Dumfries House Trust in recent years including the full renovation of both the outdoor swimming pool and Town Hall which hosts a variety of local activities.

New Cumnock is a welcoming rural town in East Ayrshire, known for its scenic surroundings, rich heritage, and strong sense of community. Set amongst rolling hills and picturesque countryside, it offers a peaceful lifestyle while still providing essential amenities and good transport links. New Cumnock sits within beautiful East Ayrshire landscapes, surrounded by lush green hills, woodlands, and river walks - ideal for those who enjoy nature, walking, cycling, and outdoor pursuits. The town’s position near the River Nith and Afton Water adds to its natural charm. Historically a mining town, New Cumnock’s identity is shaped by its industrial past, with memorials, historic buildings, and landmarks reflecting its story. Visitors and residents can explore sites such as the Auld Kirk, Cumnock Castle ruins, and outdoor displays celebrating the area’s mining heritage.

Full Address: 20-24 Castle Street, New Cumnock, Ayrshire, KA18 4AH

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Annual
Rent: £10,000 per year / £833 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Rent £10,000 pa 15 year lease expiring on 24/03/2031 Tenant is Phoenix Medical Group

Document Downloads

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Pricing Information & Bidding

Opening Bid: £125,000

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Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 07 May 2026, 10am-3pm
Type: Timed Online Auction

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