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128-130 Gray St 3,734 sq ft 100% Let Retail Property Broughty Ferry DD5 2DG £280,000 (£74.99/sq ft) 9.13% Net Initial Yield
Investment Highlights
- Retail Investment in popular and affluent town.
- Income £26,250 per annum.
- Offers over £280,000 equating to a NIY of 9.13%.
- Rare purchase opportunity.
- Lease expires July 2030.
Executive Summary
The subjects comprise basement, ground and first floor levels of corner tenement building situated at the junction of Gray Street and Queen Street. The subjects are occupied by Premier Store and Partners Hairdresser. 128/130 Gray Street: Premier Store - ground and basement floor levels trading as Premier Store with Post Office. 128 Gray Street: Partners Hairdresser - accessed off Gray Street and located at first floor level.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront
Property Size
3,734 sq ft
Costar Property Class
B
Year Built
1911
Price
£280,000
Price per sq ft
£74.99
Yield
9.13%
NOI
£25,564
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Amenities
- Security System
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- Service type
- 1,362 sq ft
- -
- -
Partners Hair and Beauty, voted Scottish Hair Salon at the Scottish Hair and Beauty awards in May 2012. Tayside’s First Exclusive, Multi-award Winning Aveda Salon and also voted as Best Hair and Beauty Salon in Tayside and Angus and Best Small Business for the last 3 years by” The Best OF”. Using plant and flower derived products, with one mission, connecting hair, beauty and wellness. Our salon has a reputation for Stylist’s and colourists that are well trained and a product that’s phenomenal .
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
|
Service type | 1,362 sq ft | - | - |
1 1
Nearby Major Retailers
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128-130 Gray St
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