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Plans
7 South Strand St, Ready Let Investment Stranraer
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Description
PRIME INVESTMENT*** Let TOWN CENTRE property. FULL BUILDING 170.68 sqm (1,837 sq ft) over ground and first floor. EXCELLENT TRADING POSITION Let at £10,000 per annum rising to £15,000 5 Year FRI Lease
The property ha been calculated to extend to the following net internal areas - Ground: 121.07 sqm (1,303 sq ft) 1st Floor: 49.58 sqm (534 sq ft) Total: 170.68 sqm (1,837 sq ft
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Ready let property with instant income.
IDEAL LOCATION set in a prominent position in the town centre with neighboring occupiers including WH Smith, Santander, Subway, Superdrug and many more.
South Strand Street is in Stranraer Town Centre, right off the main retail and pedestrian heart of the town. It sits adjacent to George Street, which is the primary retail thoroughfare in Stranraer. The area is a mix of shops, small businesses, services, and civic buildings. The street runs close to key local landmarks and public spaces and forms part of a conservation area with a mix of historic and modern buildings. Stranraer’s railway station is nearby offering local and regional connections.
Full Address: 7 South Strand St, Ready Let Investment, Stranraer, DG9 7JE
Show MoreMap & Location
Map Street View SatelliteTenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 5 Years
Rent: £10,000 per year / £833 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: Tenant = Bolton Phones Ltd. Rent Rising to £13,000 pa in year 3 of lease then £15,000 pa in year 5 of lease.
Document Downloads
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
Pricing Information & Bidding
Guide Price: £64,000
What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.
Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Submit Offer NowSPECIAL Terms of Sale
- 10% Deposit (Minimum £3,000)
- Buyers Fee = 3% of Sale Price (Minimum £4,000 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.