Available
Stranraer – Retail Shop
14 George Street, Stranraer, Dumfries & Galloway DG9 7RLFreehold Retail Shop Investment
Price
£60,000
Rent P.A.
£7,000
Yield
11.66%
Tenure
Freehold
Lease Term
2 Years
Years Left on Lease
1y 2m
Area
1,656 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises two-storey retail premises t/a barbers
- Heritable (Scottish Equivalent to English Freehold)
- Situated in the heart of the town centre with occupiers nearby include Superdrug, Subway, WH Smith, Boots, Santander Bank
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises ground floor shop with ancillary accommodation at first floor and provides the following accommodation and dimensions:
Ground Floor: 77 sq m (828 sq ft)
Retail Area, Office, Storage, Kitchenette, WC
First Floor: 77 sq m (828 sq ft)
Office, Storage
Total area size: 154 sq m (1,656 sq ft)
Ground Floor: 77 sq m (828 sq ft)
Retail Area, Office, Storage, Kitchenette, WC
First Floor: 77 sq m (828 sq ft)
Office, Storage
Total area size: 154 sq m (1,656 sq ft)
Tenancy Description
The property is at present let to an Individual t/a Barbers for a term of 2 Years from 5th February 2024 at a current rent of £7,000* p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,000.
*Tenant pays reduced rent of £6,000 p.a. for the first year. Vendor will top up rent, so the buyer receives the equivalent to £7,000 p.a. from completion.
*Tenant pays reduced rent of £6,000 p.a. for the first year. Vendor will top up rent, so the buyer receives the equivalent to £7,000 p.a. from completion.
Tenancies & Accommodation
Location Description
The property is situated in a prominent position within the town centre, on the northern side of George Street adjacent to Superdrug, Subway and the main town square. Other nearby occupiers include M&Co, WH Smith, Boots and Santander Bank
