Summary - 14 George Street, Stranraer, Wigtownshire, DG9 7RL DG9 7RL
1 bed 1 bath Retail Property (high street)
Investment-grade town centre unit with immediate rental income and strong frontage.
Heritable (Scottish freehold) retail building on George Street
A prominent two-storey high‑street retail unit in the heart of Stranraer, offered heritable (Scottish freehold) with immediate rental income. The ground floor is in use as a barber shop with ancillary first‑floor accommodation; the current tenant holds a two‑year lease from 5 February 2024 with full repairing and insuring covenants and a £1,000 deposit. VAT is applicable to the sale.
The property extends to approximately 154 sq m (1,656 sq ft) arranged as retail area, office, storage, kitchenette and WC on the ground floor and additional office/storage on the first floor. Its main retail frontage sits on George Street near Superdrug and Subway, surrounded by national and local occupiers, supporting steady footfall on Stranraer’s principal shopping thoroughfare.
For investors this offers an immediate gross initial yield of 9.33% based on current rent of £7,000 p.a. and a guide price of £75,000. The building’s Victorian character and open-plan retail space present straightforward options for continued leasing as a convenience operator or for light refit to attract alternative occupiers.
Note the location sits within a very deprived area classification and broadband speeds are reported slow, which may affect certain occupier profiles. The property is described as extremely large for the town centre provision and has no flood risk reported. Buyers should account for VAT, the short unexpired lease term, and standard maintenance or refurbishment where required to align with market rents.
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