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3 Castle Street, Dumfries, DG1 1DJ

  • Auction
  • Lot 3
  • United Kingdom
  • Retail
  • Commercial

Guide Price £110,000

Bidder Security £3,500 *fully refundable if unsuccessful bidder
Auction Date 25 April
Bidding Opens 10:00 (GMT+1)
Bidding Closes 11:08 (GMT+1)

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Property Summary

  • Heritable town centre former bank
  • Totals about 72.93 sq m (785 sq ft)
  • Suits investors/owner occupiers
  • Vacant possession

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Linda Clark
Vendor's Solicitor

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Linda Clark
Vendor's Solicitor

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Property description

A period two storey mid terrace property of traditional construction. Formerly a ground floor banking hall on the ground floor 42.27 sq m (455 sq ft) and first floor offices/ancillary accommodation 30.66 sq m (330 sq ft). The building totals about 72.93 sq m (785 sq ft).

Location

Dumfries is a market town and former royal burgh in Dumfries and Galloway, near the mouth of the River Nith on the Solway Firth, 25 miles (40 km) from the Anglo-Scottish border.

Dumfries is linked to the Northbound A74(M) motorway at Beattock via the A701 road. The A75 road eastbound links Dumfries to the southbound A74(M), leading to the M6 motorway and Carlisle. The A75 road west links Dumfries with the ferry port of Stranraer. The A76 road connects to Kilmarnock in Ayrshire.

Dumfries railway station lies on the Glasgow South Western Line. It was awarded Best Station Awards by British Rail in 1986 and 1987. The train service is now operated by ScotRail which provides services to Glasgow Central and Carlisle, and less frequent services direct to Newcastle. The nearest station to Dumfries on the West Coast Main Line is 14 miles (23 km) east along the A709 road at Lockerbie, and the nearest West Coast Main Line station linking directly to Dumfries by rail is Carlisle.

The property is situated on Castle Street, adjacent to its junction with High Street, the town’s principal retailing thoroughfare.

Planning

Dumfries & Galloway Council (030 33 33 3000) www.dumgal.gov.uk

Tenure

Heritable (Scottish equivalent of Freehold).

Additional Details

FLOORACCOMMODATIONSQ MSQ FT
GroundFormer banking hall42.27455
FirstOffices/ancillary offices/store30.66330
TOTAL 72.93785

All areas have been provided by the vendor.

VAT

Please refer to Legal Documents

Helpful links

*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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