Summary - THE BUCKS HEAD, ROSE STREET DG9 7RP
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime town center location on Hanover Street, Stranraer.
- Ground floor retail space with an open plan layout (669 sq ft).
- Currently leased to The Good Life Health Store Ltd at a passing rent of £6,000 p.a., with lease expiry in July 2032.
- Well-established in the community, surrounded by both local and national businesses.
- Price set at £60,000 for a freehold title.
**Potential Concerns:**
- Only 9 years remain on the current lease, which may deter mortgage lenders.
- The area has a classification of 'challenged transitionaries', indicating potential socio-economic concerns.
This well-positioned retail property, located in a bustling area of Stranraer, is a fantastic opportunity for investors or first-time buyers looking to capitalize on the growing foot traffic in the town center. Spanning 669 square feet, the space benefits from high arched windows that enhance visibility, making it ideal for retail display. The existing tenant, a local health food retailer, brings stability with a lease that runs until July 2032, providing an income stream for the new owner.
However, potential buyers should note that the limited duration of the current lease may be a concern for secure financing, and the local area faces some socio-economic challenges. Nonetheless, this property presents a unique opportunity given its strategic location near numerous amenities and transport links, promising not just immediate cash flow but also long-term growth potential. Don’t miss out—properties at this price point and location are rare!
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