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Investment property with parking in Dalmellington

Bellsbank, KA6 - Get Access

Description

Investment property: Large detached commercial unit located in the popular Ayrshire town of Dalmellington, situated near a local Nisa supermarket and facing residential properties in a busy residential area on the main bus route through the village. The property spans approximately 1,270 sq. ft (117.99 sq. m) and features ample parking with a car park to the rear. It is suitable for a range of uses and ideally suited to a local trader looking to expand their current business. The detached self-contained unit offers excellent potential subject to gaining all relevant consents. It is currently vacant and would achieve approximately £500pcm (£6,000 p/a), representing a 15% yield at guide price. Local sales evidence includes 62 Merrick Drive, Dalmellington, which previously sold for £70,000 and £60,000. The Ayrshire town of Dalmellington provides a range of local shops and amenities including local schooling, and benefits from good road links to Ayr and Glasgow to the north and Stranraer and Dumfries to the south. Dalmellington is a small town in East Ayrshire, situated 50 miles south-west of Glasgow, offering a busy parade of shops, free-hold commercial sale, and excellent transport links nearby including Prestwick International Airport and swift commuting via the A713.
Comparable sales
35, Macaterick Drive, Dalmellington, KA6 7SU 0.0 mi
House
£57,500
7 months ago
24, Macaterick Drive, Dalmellington, KA6 7SU 0.1 mi
House
£50,000
9 months ago
24, Minnoch Road, Dalmellington, KA6 7SX 0.1 mi
House
£58,500
1 year ago
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,270 sq ft (Listing)

This detached commercial unit in Dalmellington was valued using direct local comparable evidence from the same street. The property spans 1,270 sq. ft and currently exhibits a low condition score requiring extensive refurbishment. Valuation reconciles the baseline market value established by nearby sales with the necessary capital expenditure for repairs.

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