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34 South St 1,191 SF Retail Building Boness EH51 0EA $167,258 ($140.43/SF) 9.60% Cap Rate
Investment Highlights
- Extensively refurbished Café premises
- Corner Position with busy main road frontage
- Prominent town centre location
Executive Summary
The subjects are presently let to Mr Keith Snedden on a 5 year fullrepairing and insuring lease from 14th April 2023 at a passing rent of £12,000 pax.
The subjects comprise an extensively refurbished Café premises, contained within a detached, single storey property which is of rendered brick construction, contained under a pitched and slated roof. The retail frontage to South Street comprises a typical pass door together with a series of display windows, all of which have the benefit of outer roller security shutters. Internally the subjects are presently arranged to provide a main café area, together with a kitchen, office and two toilet facilities.
The subjects comprise an extensively refurbished Café premises, contained within a detached, single storey property which is of rendered brick construction, contained under a pitched and slated roof. The retail frontage to South Street comprises a typical pass door together with a series of display windows, all of which have the benefit of outer roller security shutters. Internally the subjects are presently arranged to provide a main café area, together with a kitchen, office and two toilet facilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,191 SF
Building Class
B
Year Built
1956
Price
$167,258
Price Per SF
$140.43
Cap Rate
9.60%
NOI
$16,057
Tenancy
Single
Building Height
1 Story
Frontage
40’ on South Street
Amenities
- Security System
- Automatic Blinds
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Nearby Major Retailers
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34 South St
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