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
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)
Total area size: 154 sq m (1,656 sq ft)
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.
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