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34-38 Portland St 1,352 SF Retail Condo Unit Offered at $215,488 in Troon KA10 6EA
Investment Highlights
- Freehold retail investment opportunity
- Passing rent of £12,000 per annum
- Let to established national charity occupier
Executive Summary
The property forms part of a traditional two-storey mixed-use terrace located on Portland Street, the principal commercial thoroughfare within Troon town centre. Constructed in brick beneath a pitched roof, the building benefits from an established retail position among a mix of national and local occupiers, with high levels of passing pedestrian and vehicular traffic throughout the day.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Tenure | Freehold |
Description
The accommodation comprises a ground floor retail unit extending to approximately 1,352 sq ft (125.6 sq m). The space is arranged as an open-plan sales area with ancillary staff welfare facilities, tea preparation area and storage space to the rear. The unit benefits from a prominent dual-window frontage providing strong visibility onto Portland Street.
Sale Notes
Freehold retail investment let to Marie Curie on an FRI lease producing £12,000 per annum. The lease expires in February 2030, with the 2025 tenant break option having not been exercised. The quoting price of £160,000 reflects an approximate yield of 7.50% before purchaser's costs.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 34 | 1,352 SF | Retail | $215,488 ($159.38/SF) | $16,161.62 |
Unit 34
| Unit Size |
| 1,352 SF |
| Condo Use |
| Retail |
| Price |
| $215,488 ($159.38/SF) |
| NOI |
| $16,161.62 |
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Unit 34
| Unit Size | 1,352 SF |
| Condo Use | Retail |
| Price | $215,488 ($159.38/SF) |
| NOI | $16,161.62 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Tenure | Freehold |
| Description | |
| The accommodation comprises a ground floor retail unit extending to approximately 1,352 sq ft (125.6 sq m). The space is arranged as an open-plan sales area with ancillary staff welfare facilities, tea preparation area and storage space to the rear. The unit benefits from a prominent dual-window frontage providing strong visibility onto Portland Street.</li></ul> | |
| Sale Notes | |
| Freehold retail investment let to Marie Curie on an FRI lease producing £12,000 per annum. The lease expires in February 2030, with the 2025 tenant break option having not been exercised. The quoting price of £160,000 reflects an approximate yield of 7.50% before purchaser's costs.</li></ul> |
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 | 4,209 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 4,209 SF |
| Property Subtype | Storefront | Year Built | 1910 |
| Building Class | B | Lot Size | 0.11 AC |
| Total Building Size | 4,209 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 4,209 SF |
| Year Built | 1910 |
| Lot Size | 0.11 AC |
Amenities
- Security System
- Storage Space
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Nearby Major Retailers
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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34-38 Portland St
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