Offers in excess of £400,000 are being invited for the purchase of a mixed-use investment in Dumfriesshire that was originally constructed as a bank in 1875.
The "striking" Old Bank Building on Church Gate occupies a prime position upon entry via the A74 to Moffat, which was originally developed as a spa town during the early 18th century and has abut 2,500 permanent residents. The area has a variety of shops that are predominantly a mix of boutique traders, plus a number of hotels, restaurants, cafes and bars.
READ MORE: Ayrshire care homes business changes hands in major deal
Moffat also lies on the A701 which is promoted as a scenic route to Edinburgh and passes by the Devil’s Beef Tub, a deep and dramatic hollow in the hills to the north of the town, making Moffat a well-known overnight stop amongst the road cycling and motorbike communities.
The corner-terraced property is being brought to market by Shepherd Chartered Surveyors and has three storeys plus an attic which were converted during the early part of the 21st century to provide a ground floor retail/professional unit and three two-bedroomed flats.
The 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.
“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," said Fraser Carson, an associate at Shepherd.
“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.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here