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110 South St 626 sq ft Retail Unit Offered at £440,000 in St Andrews KY16 9QD
Investment Highlights
- Located centrally in St Andrews
- Short distance from the coast
Executive Summary
The property comprises two adjoining buildings connecting at first floor level over a pend. On the west side of the pend is a traditional stone built two storey and attic building under a pitched and slated roof. This is connected at first floor to a modern, more extensive, stone built pitched and slated building. The property is located within the core town centre of St Andrews being located on the south side of South Street in close proximity to Madras College (South Street), the Holy Trinity Church and the connecting streets of Logie’s Lane, Church Street and Queens Gardens.
Property Facts
| Total Property Size | 4,610 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,551 sq ft |
| Property Subtype | Shopfront Retail / Office | Year Built | 1990 |
| Costar Property Class | B | Parking Allocation | 1.08/1,000 sq ft |
| Total Property Size | 4,610 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Office |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 1,551 sq ft |
| Year Built | 1990 |
| Parking Allocation | 1.08/1,000 sq ft |
Amenities
- Security System
1 Unit Available
Unit 110
| Unit Size | 626 sq ft | Sale Type | Investment |
| Price | £440,000 | Tenure | Freehold |
| Price Per sq ft | £702.88 | Net Initial Yield | 6.00% |
| Unit Use | Retail | NOI | £26,400 |
| Unit Size | 626 sq ft |
| Price | £440,000 |
| Price Per sq ft | £702.88 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.00% |
| NOI | £26,400 |
Description
The subjects are accessed via a pedestrian door with UPVC double glazed windows and comprise open plan reception and waiting area with two treatment rooms located off and a rear kitchen and W.C. There is a single car parking space to the rear included.
Sale Notes
The subjects are let to Footmed healthcare Services Limited with property rental guarantee. The lease is on full repairing and insuring terms and expires 14th March 2029. The annual rent is £27,500. A copy of the lease can be provided to all serious interested parties.
Nearby Major Retailers
Presented by
110 South St
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