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34-34A Charlotte St 1,466 sq ft Retail Unit Offered at £325,000 in Stranraer DG9 7EF
INVESTMENT HIGHLIGHTS
- Town centre high street location
- Nearby occupiers include Semichem, Card Factory, Farmfoods, Gordons Chemists and The Original Factory Shop
- High footfall
EXECUTIVE SUMMARY
Stranraer is located on the south west coast of Scotland with the town situated some 45 miles south of Ayr and has a residential population in the region of 13,000 and a far wider catchment owing to a number of towns in the outlying region. Stranraer provides direct links via rail and road to the Cairnryan Ferry Terminal approximately 6 miles east which operates both P&O and Stena lines to Larne Harbour and Port of Belfast.
PROPERTY FACTS
| Total Property Size | 2,690 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 852 sq ft |
| Property Subtype | Shopfront | Year Built | 1909 |
| Costar Property Class | B | Total Plot Size | 0.05 ac |
| Total Property Size | 2,690 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 852 sq ft |
| Year Built | 1909 |
| Total Plot Size | 0.05 ac |
AMENITIES
- Security System
- Storage Space
1 UNIT AVAILABLE
Unit 34
| Unit Size | 1,466 sq ft | Sale Type | Investment |
| Price | £325,000 | Tenure | Freehold |
| Price Per sq ft | £221.69 | Net Initial Yield | 9.68% |
| Unit Use | Retail | NOI | £31,460 |
| Unit Size | 1,466 sq ft |
| Price | £325,000 |
| Price Per sq ft | £221.69 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 9.68% |
| NOI | £31,460 |
DESCRIPTION
The subject property boasts a wide frontage onto Charlotte Street with three large glazed display windows. The unit is arranged over the ground floor of a three storey mid terraced traditional stone building with a pitched and slated roof. There is a single storey extension at the rear of the property which is constructed of brick and also held under a pitched and slated roof.
Internally, the subjects comprise an open plan space fitted out in Betfred's corporate style to facilitate its use as a bookmaker.
SALE NOTES
Investment oppotunity. The property is let to Done Brothers (Cash Betting) Ltd t/a Betfred on a FRI Lease. The tenant has just renewed at the end of 2023 with the new expiry date now December 2033 at a rent of £32,500 pa. There is a tenant only break option in December 2028 subject to six months' notice.
Interior Photo
Interior Photo
Interior Photo
NEARBY MAJOR RETAILERS
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34-34A Charlotte St
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