38 King Street, Castle Douglas, Kirkcudbrightshire, DG7

Partially Fitted Restaurant
Private Parking
Town Centre Location
2,968sq ft
Low Rateable Value
Rent: £22,000per annum

Location

The property is situated on the west side of King Street on the main commercial thoroughfare on Castle Douglas.

Castle Douglas is a town of around 4,200 people with an expanding tourist industry situated approximately 18miles South West from Dumfries, within the Dumfries & Galloway region. Tourist attraction stems from the ease of access to the Salway Coast and the Galloway Hills lying to the West of the town of Dalbeattie (6 miles) and East of Gatehouse of Fleet (14 miles).

Property

The property comprises the ground floor of a larger traditional stone development with dedicated parking to the rear.

Internally the property has been formed in a restaurant layout with open plan dining area, bar and partitioned w.c. facilities with an open plan kitchen situated to the rear of the dining area. The main food prep, sinks, office and stores are situated to the rear of the demise with access to the car park. The restaurant previously operated with 45 covers however there is scope to increase this to 60.

Licence

The property benefits from an on sales licence until 2300hrs 7 days .

NAV/RV

£14,950

In line with the governments hospitality rates relief scheme in effect from 1st April 2025. Tenants will only be liable for 40% of the chargeable amount equating to an approximate rates payable amount of £2,196per year.

Area

The property has been calculated to extend to the following internal area;

275.72sqm (2,968sq ft)

Rent

The property is available on a new full repairing and insuring head lease for a negotiable term for £22,000p.a.

V.A.T

Figures quoted exclusive of V.A.T

Legal

Each party shall bear their own legal costs incurred in the transaction

A.M.L

In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time