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14 George St 1,656 SF Retail Building Stranraer DG9 7RL $101,409 ($61.24/SF) 9.33% Cap Rate
Investment Highlights
- Prominent retail unit on Stranraer’s main retail thoroughfare
- Heritable (Scottish Equivalent to English Freehold)
- Situated adjacent to Superdrug and Subway
Executive Summary
Investment Consideration:
VAT is applicable to this property
Heritable (Scottish Equivalent to English Freehold)
Comprises ground floor retail shop t/a barbers with ancillary accommodation at first floor
Prominent retail unit on Stranraer’s main retail thoroughfare, situated adjacent to Superdrug and Subway and 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 an Individual t/a Barbers for a term of 2 Years from 5th February 2024 at a current rent of £7,000* p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,000.
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
VAT is applicable to this property
Heritable (Scottish Equivalent to English Freehold)
Comprises ground floor retail shop t/a barbers with ancillary accommodation at first floor
Prominent retail unit on Stranraer’s main retail thoroughfare, situated adjacent to Superdrug and Subway and 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 an Individual t/a Barbers for a term of 2 Years from 5th February 2024 at a current rent of £7,000* p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,000.
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
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,656 SF
Building Class
B
Year Built
1900
Price
$101,409
Price Per SF
$61.24
Cap Rate
9.33%
NOI
$9,459
Tenancy
Single
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.02 AC
Frontage
15’ on George Street
Amenities
- Storage Space
About 14 GEORGE ST , STRANRAER, DGY DG9 7RL
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
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14 George St
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