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2-10 Greig St 504 SF Retail Condo Unit Offered at $121,757 in Inverness IV3 5PT
Investment Highlights
- Fully let retail investment in Inverness city centre location.
- FRI lease in place expiring August 2035.
- Passing rent of £9,000 per annum.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 10.00% |
| Sale Type | Investment |
| Cap Rate | 10.00% |
| Tenure | Freehold |
Description
The available accommodation comprises a ground floor retail unit arranged to provide a hot food counter and sales area, preparation space, rear store and WC facilities. The unit extends to approximately 46.83 sq m (504 sq ft) and benefits from a prominent glazed frontage onto Greig Street, making it suitable for retail, takeaway or similar commercial uses subject to any required consents.
Sale Notes
For Sale as a fully let investment. The property is leased on Full Repairing and Insuring terms at a passing rent of £9,000 per annum, with lease expiry on 31 August 2035 and a tenant break option on 1 September 2030. Offers are invited over £90,000, reflecting a gross initial yield of approximately 10.00% before purchaser's costs
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 8 | 504 SF | Retail | $121,757 ($241.58/SF) | $12,175.65 |
Unit 8
| Unit Size |
| 504 SF |
| Condo Use |
| Retail |
| Price |
| $121,757 ($241.58/SF) |
| NOI |
| $12,175.65 |
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Unit 8
| Unit Size | 504 SF |
| Condo Use | Retail |
| Price | $121,757 ($241.58/SF) |
| NOI | $12,175.65 |
| Sale Type | Investment |
| Cap Rate | 10.00% |
| Tenure | Freehold |
| Description | |
| The available accommodation comprises a ground floor retail unit arranged to provide a hot food counter and sales area, preparation space, rear store and WC facilities. The unit extends to approximately 46.83 sq m (504 sq ft) and benefits from a prominent glazed frontage onto Greig Street, making it suitable for retail, takeaway or similar commercial uses subject to any required consents. | |
| Sale Notes | |
| For Sale as a fully let investment. The property is leased on Full Repairing and Insuring terms at a passing rent of £9,000 per annum, with lease expiry on 31 August 2035 and a tenant break option on 1 September 2030. Offers are invited over £90,000, reflecting a gross initial yield of approximately 10.00% before purchaser's costs |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 4,239 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,000 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1910 |
| Building Class | B |
| Total Building Size | 4,239 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 2,000 SF |
| Year Built | 1910 |
Amenities
- Security System
- Storage Space
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Nearby Major Retailers
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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2-10 Greig St
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