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12 Ritchie St 3,256 sq ft Retail Property West Kilbride KA23 9AL £600,000 (£184.28/sq ft) 7.20% Net Initial Yield
Investment Highlights
- Long income retail investment
- Single-storey building with rear upper floor
- Prominent town centre location
Executive Summary
The subjects comprise a convenience store located within a substantial single storey property with small two storey section to the rear. The original building dates back to the late Nineteenth Century although with significant alterations and additions during the mid Twentieth Century. The subjects are let to Wm Morrison Supermarkets Ltd who have a Dun & Bradstreet rating of 5A2. The passing rent is £45,500 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
3,256 sq ft
Costar Property Class
C
Year Built
1975
Price
£600,000
Price per sq ft
£184.28
Yield
7.20%
NOI
£43,200
Tenancy
Single
Number of Floors
2
Plot ratio
0.91
Total Plot Size
0.08 ac
Frontage
15 ft on Ritchie Street
Amenities
- 24 Hour Access
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Nearby Major Retailers
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12 Ritchie St
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