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Commercial property with potential for development

Dumfries, DG1 - Get Access

Description

SUPER DEVELOPMENT/ INVESTMENT OPPORTUNITY within affluent Dumfries suburb. Previous planning granted for 5 bedroom townhouse with potential resale value of over £350,000 following refurbishment. Large Georgian, former NHS treatment facility set over 3 levels, stripped out and framed in preparation for completion. Proposed layout comprises 2 x lounges, 5 bedrooms, study, kitchen and 2 bathrooms. Attractive rear garden. SUPER PROJECT FOR DEVELOPER with sales in the area of up to £650,000. High demand for residential property locally giving excellent potential for quick turnaround or for long-term rental. Change of use to revert to residential has been fully approved by Dumfries and Galloway Planning Department but a property of this size within this sought after location would lend itself to multiple uses including short term rental or Bed and Breakfast. SUPER LOCATION WITHIN AFFLUENT AREA IN DUMFRIES on the Robert Burns tourist trail. Ideally located within walking distance of the town centre on the outskirts of the attractive Dockhead Park on the banks of the River Nith. This is a Category C listed building and Listed Building Consent will be required for any proposed alterations by a new owner. Dumfries is the principal shopping and administrative centre in the Dumfries and Galloway region of southwest Scotland, with a population of around 37,500. The town lies approximately 75 miles south of Glasgow, 34 miles northwest of Carlisle and is bypassed by the A75 trunk road. The town’s retail catchment includes other nearby towns and villages, together with the surrounding rural hinterland.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 2,691 sq ft (Floor plan)

The property is a large Georgian former NHS treatment facility, stripped out and framed for completion, located in an affluent suburb of Dumfries. The valuation is based on its potential as a high-demand development/investment opportunity, considering its size, location, and previous planning approval for a 5-bedroom townhouse. The valuation floor area of 2691 sq ft was used, derived from the provided floor plan.

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