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102-104 Argyll St 1,711 SF Retail Building Dunoon PA23 7NE $129,314 ($75.58/SF) 16.58% Cap Rate
Investment Highlights
- Prime Retail Investment.
- 185.84 sq. m. (1,710 sq. ft.).
- Passing rent £10,000 per annum.
- Net Initial Yield 10.34%.
- Prime town centre location.
- Let until April 2030.
- Offers over £95,000.
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
Building Class
C
Year Built
1898
Price
$129,314
Price Per SF
$75.58
Cap Rate
16.58%
NOI
$21,439
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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