Log In/Sign up
Your email has been sent.
14 George St 1,656 sq ft Retail Property Stranraer DG9 7RL £75,000 (£45.29/sq ft) 9.33% Net Initial Yield
Investment Highlights
- Prominent retail unit on Stranraer’s main retail thoroughfare
- Heritable (Scottish Equivalent to English Freehold)
- Situated adjacent to Superdrug and Subway
Executive Summary
Investment Consideration:
VAT is applicable to this property
Heritable (Scottish Equivalent to English Freehold)
Comprises ground floor retail shop t/a barbers with ancillary accommodation at first floor
Prominent retail unit on Stranraer’s main retail thoroughfare, situated adjacent to Superdrug and Subway and Nearby occupiers include M&Co, WH Smith, Boots and Santander Bank.
Property Description:
The property comprises ground floor shop with ancillary accommodation at first floor and provides the following accommodation and dimensions:
Ground Floor: 77 sq m (828 sq ft)
Retail Area, Office, Storage, Kitchenette, WC
First Floor: 77 sq m (828 sq ft)
Office, Storage
Total area size: 154 sq m (1,656 sq ft)
Tenancy:
The property is at present let to an Individual t/a Barbers for a term of 2 Years from 5th February 2024 at a current rent of £7,000* p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,000.
Location:
The property is situated in a prominent position within the town centre, on the northern side of George Street adjacent to Superdrug, Subway and the main town square. Other nearby occupiers include M&Co, WH Smith, Boots and Santander Bank
VAT is applicable to this property
Heritable (Scottish Equivalent to English Freehold)
Comprises ground floor retail shop t/a barbers with ancillary accommodation at first floor
Prominent retail unit on Stranraer’s main retail thoroughfare, situated adjacent to Superdrug and Subway and Nearby occupiers include M&Co, WH Smith, Boots and Santander Bank.
Property Description:
The property comprises ground floor shop with ancillary accommodation at first floor and provides the following accommodation and dimensions:
Ground Floor: 77 sq m (828 sq ft)
Retail Area, Office, Storage, Kitchenette, WC
First Floor: 77 sq m (828 sq ft)
Office, Storage
Total area size: 154 sq m (1,656 sq ft)
Tenancy:
The property is at present let to an Individual t/a Barbers for a term of 2 Years from 5th February 2024 at a current rent of £7,000* p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,000.
Location:
The property is situated in a prominent position within the town centre, on the northern side of George Street adjacent to Superdrug, Subway and the main town square. Other nearby occupiers include M&Co, WH Smith, Boots and Santander Bank
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,656 sq ft
Costar Property Class
B
Year Built
1900
Price
£75,000
Price per sq ft
£45.29
Yield
9.33%
NOI
£6,996
Tenancy
Single
Number of Floors
2
Plot ratio
1.90
Total Plot Size
0.02 ac
Frontage
15 ft on George Street
Amenities
- Storage Space
About 14 GEORGE ST , STRANRAER, DGY DG9 7RL
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
1 1
Nearby Major Retailers
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
14 George 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.