Two-bedroom flat and commercial unit investment

Fantastic mixed-use residential and commercial investment opportunity, located within a prime main street location in Castle Douglas. The property comprises a ground floor open-plan commercial unit ready for development, which would lend itself to multiple uses subject to gaining the necessary permissions, alongside a top floor flat featuring two spacious bedrooms, a living area, and a kitchen with ample storage throughout. The flat is currently tenanted at £485 per calendar month (£5,820 per annum) for rental purposes. Once the commercial unit is renovated, the property could potentially achieve a combined rent of £15,000 to £17,000 per annum, offering high yield potential and immediate cashflow. There is also potential for the entire property to be converted to full residential use, subject to gaining the necessary planning permissions. The commercial unit has a rateable value of £9,400, benefiting from 100% small business relief, and benefits from good daily footfall in close proximity to local amenities. Castle Douglas is a small market town in Dumfries and Galloway known for its traditional high street, strong sense of community, and access to southwest Scotland's scenic countryside, including nearby lochs, forests, and coastline. People choose to live there for its slower pace of life, relatively affordable property compared with major Scottish cities, and the appeal of a close-knit rural town with everyday amenities like independent shops, schools, and healthcare. From an investment perspective, Castle Douglas attracts interest in residential property and holiday lets because of steady local demand, tourism linked to outdoor activities, and its position as a service hub for surrounding rural areas.