Summary - 40 40, Stranraer, DG9 DG9 7PW
1 bed 1 bath Land
Mixed-use site with redevelopment potential close to town centre.
Prominent corner site of c.0.14 ha (0.35 acre)
An unusual mixed‑use corner site in Stranraer offered at a reduced guide of £170,000. The detached two‑storey building sits on c.0.14 hectare (0.35 acre) and combines a ground‑floor shop, a former pub, and a substantial four‑bedroom flat above. The plot includes extensive garden ground with previously granted (now lapsed) planning for flats, presenting potential for residential redevelopment subject to local authority consents.
For an investor or developer, the property delivers multiple income and conversion options: a 54 sqm shop, a 158 sqm former pub (no current licence) and a 161 sqm upper flat (four bedrooms, two bathrooms) with gas central heating and double glazing. The shop and pub have modest rateable values and may qualify for 100% Small Business Bonus relief depending on occupier status. Indicative layout and OS site plans are available to support feasibility work.
Drawbacks and constraints are clear: previous planning has lapsed so any new scheme requires fresh permissions, and the area records very high deprivation with very slow broadband speeds. Parts of the buildings will require refurbishment and updating to modern standards; services and statutory consents should be checked. This is a value‑led opportunity for a buyer prepared to manage planning, refurbishment and letting or redevelopment risk.
Viewing is recommended for those seeking a large, flexible town centre parcel with short‑term rental potential and medium‑term development upside; budget for works and statutory processes when assessing returns.
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