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Stranraer – Freehold Shop Investment

For sale: £80,000.00|1,656 Sq Ft|Retail, Retail - High Street, General Retail, Office, Offices

Property details

FOR SALE£80,000.00
SIZE1,656 Sq Ft
ADDRESS14 George Street, Stranraer, Dumfries & Galloway DG9 7RL
TYPERetail, Retail - High Street, General Retail, Office, Offices
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON25th February 2024

Description

Investment Consideration:
Gross Initial Yield: 8.75%
Rental Income: £7,000 p.a.
VAT is applicable to this property
Heritable (Scottish Equivalent to English Freehold)
Comprises ground floor retail shop t/a barbers with ancillary accommodation at first floor
Prominent retail unit on Stranraer’s main retail thoroughfare, situated adjacent to Superdrug and Subway and Nearby occupiers include M&Co, WH Smith, Boots and Santander Bank.

Property Description:
The property comprises ground floor shop with ancillary accommodation at first floor and provides the following accommodation and dimensions:
Ground Floor: 77 sq m (828 sq ft)
Retail Area, Office, Storage, Kitchenette, WC
First Floor: 77 sq m (828 sq ft)
Office, Storage
Total area size: 154 sq m (1,656 sq ft)

Tenancy:
The property is at present let to an Individual t/a Barbers for a term of 2 Years from 5th February 2024 at a current rent of £7,000* p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,000.

Location:
The property is situated in a prominent position within the town centre, on the northern side of George Street adjacent to Superdrug, Subway and the main town square. Other nearby occupiers include M&Co, WH Smith, Boots and Santander Bank

Location

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Location: 14 George Street, Stranraer, Dumfries & Galloway DG9 7RL

Stranraer (0.3 miles)

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