Commercial development opportunity

This commercial development opportunity with planning permission is located in a prime location in Castle Douglas, Kirkcudbrightshire. Previously operated as a dentist's surgery, the property has been granted planning permission (reference 24/0177/FUL) to convert the first floor into a 3-bedroom dwelling and the second floor into a 2-bedroom flatted dwelling. The proposed first-floor accommodation comprises an entrance hallway, kitchen, three double bedrooms, a bathroom, and a lounge. The proposed second-floor accommodation comprises an entrance hallway, lounge, kitchen/diner, bathroom, and two spacious bedrooms with ample storage space throughout. If converted, both properties could potentially achieve a combined rental income of £1,400 to £1,500 per calendar month, generating an annual income of £16,800 to £18,000, or a gross yield of 18% based on the guide price. Alternatively, the converted property could achieve a gross development value (GDV) of circa £375,000, subject to the degree and specification of renovation. Castle Douglas is a picturesque market town nestled in the heart of Dumfries and Galloway, in southwest Scotland. Known as the Food Town due to its rich agricultural heritage and vibrant local produce scene, Castle Douglas offers a charming blend of rural tranquillity and lively community life, situated just 18 miles southwest of Dumfries and close to the Solway Coast. The town is family-friendly, featuring excellent educational facilities including Castle Douglas High School and several well-regarded primary schools, alongside a variety of clubs and organisations. Transport links connect the town to the wider region with ease, with the A75 running through the town providing direct road access to Dumfries, Stranraer, and beyond, complemented by regular bus services and rail connections from Dumfries to Glasgow and Carlisle.