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10 Strothers Ln 1,512 sq ft 100% Let Retail Property Inverness IV1 1LR £360,000 (£238.10/sq ft) 9.72% Net Initial Yield
Investment Highlights
- The property is arranged on ground floor to provide a restaurant/takeaway
- Total accommodation of approx. 140.46 sqm (1512 sq ft)
- To be let to Pizza Hut franchisee Glenshire Brands (1) Ltd on a lease expiring 2041
Executive Summary
The property comprises an investment opportunity for sale.
The property is held on a new full repairing and insuring head lease to Glenshire Brands (1) Ltd t/a Pizza Hut, expiring February 2041 at a passing rent of £35,000per annum with rent reviews every 5 years at an open market value. The tenant has an option to determine in 2036.
The property is held on a new full repairing and insuring head lease to Glenshire Brands (1) Ltd t/a Pizza Hut, expiring February 2041 at a passing rent of £35,000per annum with rent reviews every 5 years at an open market value. The tenant has an option to determine in 2036.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Property Size
1,512 sq ft
Costar Property Class
C
Year Built
2000
Price
£360,000
Price per sq ft
£238.10
Yield
9.72%
NOI
£35,000
Occupancy Rate
100%
Number of Floors
1
Plot ratio
1.00
Total Plot Size
0.03 ac
Frontage
35 ft on Strothers Lane
1 1
Nearby Major Retailers
1 of 2
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10 Strothers Ln
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