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2 Shore Rd 4,321 SF Retail Building Wick KW1 4NT $356,705 ($82.55/SF)
Investment Highlights
- Lease Start - 27/09/2019.
- Passing Rent - £39,000 per annum inclusive of VAT.
- On the instruction of Ali & Sons Holding Limited.
- Lease Expiry - 27/09/2024.
- Let to North Wick Restaurant Ltd t/a The Spice Tandoori Restaurant.
Executive Summary
PRIME NEW LISTING. We are excited to present this tenanted restaurant commercial unit located within a prime location in Wick.
This unit is perfectly positioned for an ambitious investor looking to add to their portfolio. Situated in a prime location with strong foot traffic and ample passing trade, it is an opportunity not to be missed.
The property currently produces a whopping £35000 per annum in rental income. If bought at the guide price, this would produce a fantastic 14% yield based on the guide price.
Located on the north side of The Shore within the Harbour area of Wick close to the town centre. This area is linked closely to the town centre by two key bridges across Wick River. The subjects comprise a 2 storey detached commercial unit which is currently used as a restaurant.
This unit is perfectly positioned for an ambitious investor looking to add to their portfolio. Situated in a prime location with strong foot traffic and ample passing trade, it is an opportunity not to be missed.
The property currently produces a whopping £35000 per annum in rental income. If bought at the guide price, this would produce a fantastic 14% yield based on the guide price.
Located on the north side of The Shore within the Harbour area of Wick close to the town centre. This area is linked closely to the town centre by two key bridges across Wick River. The subjects comprise a 2 storey detached commercial unit which is currently used as a restaurant.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
4,321 SF
Building Class
B
Year Built
1980
Price
$356,705
Price Per SF
$82.55
Tenancy
Single
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.06 AC
Frontage
82’ on The Shore
Amenities
- Storage Space
- Monument Signage
1 1
Nearby Major Retailers
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Company Not Provided
2 Shore Rd
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