English Street, Dumfries, Dumfriesshire, DG1

Property Details: • Type: Commercial Development • Tenure: N/A • Floor Area: N/A

Key Features: • Full planning to build 20 flats agreed in principle plus one retail unit • Existing site has been demolished after 5 years of back and forth with the relevant authorities • This development could generate as much as £150,000 per annum • Huge investment opportunity • Reduced • Deferred payment agreement possible until full planning is granted

Location: • Nearest Station: Dumfries Station • Distance to Station: 0.3 miles

Agent Information: • Address: 86-90 Paul Street, London, EC2A 4NE

Full Description: Key features * Full planning to build 20 flats agreed in principle plus one retail unit * Existing site demolished in May 2022 after council approval. * This development could generate in excess of £100k per annum * Huge investment opportunity * Financial Support Available from Council towards new build * Deferred payment agreement possible until full planning is granted Description A unique opportunity to build 20 flats and 1 retail store in a lovely high st location. Dumfries has been named as the 2nd happiest place to live in Scotland, by property experts Rightmove, in Dec 2024. Property prices in Scotland have recently seen a significant increase, compared to England & Wales and the property market is stronger and more affordable and has seen a significant interest from overseas investors. Other details... -Dual fronted building, with easy access to public transport and local amenities -About 1370sqm plot -located in a Conservation Area. Sensitive development can easily coexist with preservation efforts. -Funding also offered by council, if flats provided for social housing, up to £20k per flat. -All Design and Planning being managed by 1 of the top Chartered Architects in Birmingham. Update to Planning Application - Jan 2025 amended proposals submitted as per requirements..... -20 flats with 1 retail unit, incorporating