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46 South St 380 SF Retail Condo Unit Offered at $86,755 in Perth PH2 8PD
INVESTMENT HIGHLIGHTS
- Busy central location
- Traditional tenement building
- Good opportunity for private investor
EXECUTIVE SUMMARY
The subjects comprise a mid terraced ground floor retail unit contained within a traditional tenement building. The main walls are of solid stone construction whilst the roof over is pitched and clad in slates.
PROPERTY FACTS
| Total Building Size | 2,692 SF | Floors | 4 |
| Property Type | Retail (Condo) | Typical Floor Size | 612 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1889 |
| Building Class | B | Lot Size | 0.02 AC |
| Total Building Size | 2,692 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 612 SF |
| Year Built | 1889 |
| Lot Size | 0.02 AC |
AMENITIES
- Security System
- Storage Space
1 UNIT AVAILABLE
Unit 46
| Unit Size | 380 SF | Sale Type | Investment |
| Price | $86,755 | Tenure | Freehold |
| Price Per SF | $228.30 | Cap Rate | 11.79% |
| Condo Use | Retail | NOI | $10,228.36 |
| Unit Size | 380 SF |
| Price | $86,755 |
| Price Per SF | $228.30 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 11.79% |
| NOI | $10,228.36 |
DESCRIPTION
The subjects comprise a mid terraced ground floor retail unit contained within a traditional tenement building. The main walls are of solid stone construction whilst the roof over is pitched and clad in slates. The subjects currently trade as an African convenience store.
SALE NOTES
Client is inviting offers of £65,000 for their heritable interest which would reflect a net initial yield of 11.79%.
Internal
NEARBY MAJOR RETAILERS
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46 South St
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