Shepherd markets prominent mixed-use investment within historic spa town
Shepherd Chartered Surveyors has brought to market the Old Bank Building in Moffat for sale as a mixed-use investment.
The striking building comprises a substantial three storey and attic, corner-terraced property that was originally constructed as a bank in 1875 and converted during the early part of the 21st century to provide a ground floor retail/professional unit and three two-bedroomed flats.
The property is set on Church Gate, overlooking the High Street, and occupies a prime position upon entry to the town from the A74.
The retail/professional unit is currently vacant and extends to an open plan sales area, office, store, kitchenette, and WC. One of the flats is presently operated as a short-term holiday let with the two remaining flats being subject to private residential tenancy agreements.
Fraser Carson, Associate at Shepherd, said: “Moffat is a popular tourist and boutique retail destination, which benefits from good motorway links as well as a strategic position on the A701 scenic route to Edinburgh.
“The category C listed building has been sympathetically converted to provide a versatile commercial unit and three spacious flats, which retain outstanding original features and possess unrivalled views over the town and surrounding countryside.
“With the town profiting from strong occupier demand, this property presents a good investment opportunity with scope to increase rental income through future asset management.”
Purchase offers over £400,000 are invited. Interested parties should contact the sole selling agent on tel 01387 264333.
For further information please contact Fraser Carson on tel 01387 264333