Log In/Sign up
Your email has been sent.
10 Quality St 1,878 sq ft Retail Property North Berwick EH39 4HP £950,000 (£505.86/sq ft) 5% Net Initial Yield
Investment Highlights
- Double Frontage.
- Prime Location.
Executive Summary
The subjects are let on an FRI basis to ARCL NB Ltd at a rent of £50,000 per annum. An assignation and variation was agreed on 15 April 2024 with the lease expiring 31 October 2042. There is a £12,000 deposit held for the first two years of the lease and the next rent review is 1 November 2026 and 3 yearly thereafter.
Client is seeking offers in excess of £950,000 reflecting a NIY of 5%, assuming purchaser's costs of 5.54%
Client is seeking offers in excess of £950,000 reflecting a NIY of 5%, assuming purchaser's costs of 5.54%
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
1,878 sq ft
Costar Property Class
B
Year Built
1970
Price
£950,000
Price per sq ft
£505.86
Yield
5%
NOI
£47,500
Tenancy
Single
Number of Floors
3
Plot ratio
0.63
Total Plot Size
0.07 ac
Frontage
23 ft on Quality Street
Amenities
- Restaurant
- Signage
- Storage Space
- Smoke Detector
1 1
Nearby Major Retailers
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
10 Quality St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.