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102-104 Argyll St 1,711 SF Retail Building Dunoon PA23 7NE $128,318 ($75.00/SF) 16.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent roadside location.
- Destination seaside town
- Great footfall Area
EXECUTIVE SUMMARY
Offers over £145,000 are invited reflecting a Net Initial Yield of 10.48% after purchaser’s costs.
The property is currently let to Semi Chem on full repairing and insuring terms from 12th September 2019 for a 5 year lease expiring 10th April 2025 at a current passing rent of £16,000 per annum. There is a Tenant Break Option on 31st January 2023 with 6 months prior written notice being required.
The property is currently let to Semi Chem on full repairing and insuring terms from 12th September 2019 for a 5 year lease expiring 10th April 2025 at a current passing rent of £16,000 per annum. There is a Tenant Break Option on 31st January 2023 with 6 months prior written notice being required.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,711 SF
Year Built
1898
Price
$128,318
Price Per SF
$75.00
Cap Rate
16.58%
NOI
$21,274
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.04 AC
Frontage
28’ on Argyll Street
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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102-104 Argyll St
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