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93-97 Portland St 702 SF Retail Condo Unit in Troon KA10 6QU
Investment Highlights
- Take Away Unit
- Expiry October 2035 (With Option To Extend)
- Held on F.R.I Lease on Personal Name
Executive Summary
The property comprises a building of traditional construction arranged over two floors with retail accommodation on the ground floor and residential above.
Property Facts
| Total Building Size | 1,170 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,170 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1900 |
| Building Class | C | Lot Size | 0.05 AC |
| Total Building Size | 1,170 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 1,170 SF |
| Year Built | 1900 |
| Lot Size | 0.05 AC |
Amenities
- Storage Space
1 Unit Available
Unit 93
| Unit Size | 702 SF | Tenure | Freehold |
| Condo Use | Retail | NOI | $15,961.06 |
| Sale Type | Investment |
| Unit Size | 702 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| NOI | $15,961.06 |
Description
The ground floor commercial space is fitted as a chinese take away, with customer servery to the front, partitioned pitching within the middle of the = property and rear stores, w.c and prep area within a single storey extension to the rear.
The property has been extensively renovated by the tenant.
Sale Notes
The property is held on a full repairing and insuring head lease on a personal name expiring 30th October 2035, with a tenants break option on 31st October 2030. The tenant has an option to extend the lease for a further 10years. The current passing rent is £12,000p.a. with a fixed increase to £13,000p.a. from 31st October 2027. There are rent review cycles every 5th year (next October 2030). The landlord holds a deposit of £1,500.
Nearby Major Retailers
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93-97 Portland St
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