Log In/Sign Up
Your email has been sent.
10 Quality St 1,878 SF Retail Building North Berwick EH39 4HP $1,273,665 ($678.20/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in the heart of North Berwick
- Unique investment opportunity in sought-after east Lothian town
- Currently let to ARCL NB Ltd
EXECUTIVE SUMMARY
The subjects are let on an FRI basis to ARCL NB Ltd at a rent of £50,000 per annum. An assignation and variation was agreed on 15 April 2024 with the lease expiring 31 October 2042. There is a £12,000 deposit held for the first two years of the lease and the next rent review is 1 November 2026 and 3 yearly thereafter.
Client is seeking offers in excess of £950,000 reflecting a NIY of 5%, assuming purchaser's costs of 5.54%
Client is seeking offers in excess of £950,000 reflecting a NIY of 5%, assuming purchaser's costs of 5.54%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
1,878 SF
Building Class
B
Year Built
1970
Price
$1,273,665
Price Per SF
$678.20
Cap Rate
5%
NOI
$63,683
Tenancy
Single
Building Height
3 Stories
Building FAR
0.63
Lot Size
0.07 AC
Frontage
23’ on Quality Street
AMENITIES
- Restaurant
- Signage
- Storage Space
- Smoke Detector
1 1
NEARBY MAJOR RETAILERS
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
10 Quality St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.