Block of flats

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Block of flats

Academy Street, Dumfries DG1
£196,000

Price History

Initial price £260,000
16/03/25 £220,000
22/03/25 £216,000
29/03/25 £212,000
05/04/25 £208,000
11/04/25 £204,000
17/04/25 £200,000
23/04/25 £196,000
Price Change -24.62%

Description

This property portfolio in Dumfries offers a lucrative investment opportunity for buyers. The property features six spacious residential flats, a pub with a large business area and beer garden, and a salon with a long-term tenant. The flats and pub are currently vacant, while the salon is occupied, generating an annual gross income of £4,620. With the potential to increase the rent to a market rate of £14,400, this property has significant earning potential. The property is situated in a city centre location with easy access to local amenities and transport links. With a purchase price that offers a worthwhile addition to an investor's portfolio, this property is a great opportunity for those looking to diversify their investments.