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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY*** Barber shop currently LET £8k pa raising to £10k pa in 2024 on FRI LEASE until March 2028 located in Stranraer town centre. IMMEDIATE RENTAL INCOME
SUBSTANTIAL ground floor unit approx. 1,175sq ft in BUSY TOWN CENTRE location. LET at £8,000per annum increasing to £9,000 in March 2024 and £10,000p.a. for the remainder of the term.
PRIME TENANTED INVESTMENT PROPERTY Situated on the south side of Hanover Street. EXCELLENT TOWN CENTRE LOCATION WITH HIGH VOLUMES OF PASSING TRADE.
Nearby occupiers include Lloyds Pharmacy, Royal Bank of Scotland and Subway. PRIME TRADING LOCATION.
Stranraer is located on the south west coast of Scotland, approx. 87 miles south of Glasgow, 50 miles south of Ayr & 73 miles west of Dumfries. The town has a population of around 13,000 persons
EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY*** Barber shop currently LET on FRI LEASE until March 2028 located in Stranraer town centre. IMMEDIATE RENTAL INCOME.
SUBSTANTIAL ground floor unit approx. 1,175sq ft in BUSY TOWN CENTRE location. LET at £8,000per annum increasing to £9,000 in March 2024 and £10,000p.a. for the remainder of the term.
The property comprises a ground floor retail unit within a larger two storey mid terrace building. The premises offer an open plan retail area, with storage and staff facilities located to the rear. There is a larger timber framed single glazed display window facing on to Hanover Street with proprietary signage above. The floors have been overlaid with a combination of laminate and carpeted floor coverings and the walls have been lined with stud partitions and retail racking. The ceiling is a suspended tile grid system and is interspersed with recessed fluorescent light fittings.
Nearby occupiers include Lloyds Pharmacy, Royal Bank of Scotland and Subway. PRIME TRADING LOCATION.
PRIME TENANTED INVESTMENT PROPERTY Situated on the south side of Hanover Street. EXCELLENT TOWN CENTRE LOCATION WITH HIGH VOLUMES OF PASSING TRADE.
Stranraer is located on the south west coast of Scotland, approximately 87 miles south of Glasgow, 50 miles south of Ayr and 73 miles west of Dumfries. The town has a population of around 13,000 persons with a large commuter and rural catchment. The town lies at the junction of the A75 and A77 road routes, with Cairnryan ferry terminal only six miles to the north, offering regular ferry crossings to Northern Ireland.
Full Address: 47 Hanover Street, Stranraer, DG9 7RX
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2028
Rent: £8,000 per year / £667 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: ey Notes (L
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SPECIAL Terms of Sale
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- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £1,750 for on time settlement
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Buy Now Price = £72,000
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Auction Details
Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction
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