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Stranraer – Freehold Shop Investment

For sale: £119,000.00|1,656 Sq Ft|Retail, Retail - High Street, General Retail, Office, Offices

Property details

FOR SALE£119,000.00
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 2022

Description

Investment Consideration:
Gross Initial Yield: 7.66%
Rental Income: £9,120 p.a.
VAT is applicable to this property
Heritable (Scottish Equivalent to English Freehold).
Prominent retail unit on Stranraer’s main retail thoroughfare
Situated adjacent to Superdrug and Subway
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 M&R Electronics Limited for a term of 5 Years from 26th November 2021 at a current rent of £9,120 per annum and the lease contains full repair and insuring covenants. Open market rent review in November 2024. Deposit held of £1,520.

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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