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82 High St 1,034 sq ft 100% Let Retail Property Markinch KY7 6DQ £190,000 (£183.75/sq ft) 10.18% Net Initial Yield
Investment Highlights
- The property is arranged on ground floor to provide a Hair Salon
- Total accommodation of approx. 96.06 sqm (1,034 sq ft)
- Let on a 10 year lease expiring 2030 (No Breaks)
Executive Summary
The property comprises an Heritable Retail Investment opportunity for sale.
The property comprises a ground floor commercial unit set within a mixed use traditional development surmounted by a pitched roof. offering a prominent frontage with recessed entrance door leading to an open plan salon area with partitions at the rear to form stores, tea prep and w.c facilities. The property is held on a full repairing and insuring head lease on a personal name from 26th November 2020 at a passing rent of £19,340per annum, there is an RPI Linked annual review with 2% collar and no cap
The property comprises a ground floor commercial unit set within a mixed use traditional development surmounted by a pitched roof. offering a prominent frontage with recessed entrance door leading to an open plan salon area with partitions at the rear to form stores, tea prep and w.c facilities. The property is held on a full repairing and insuring head lease on a personal name from 26th November 2020 at a passing rent of £19,340per annum, there is an RPI Linked annual review with 2% collar and no cap
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
1,034 sq ft
Costar Property Class
C
Year Built
1926
Price
£190,000
Price per sq ft
£183.75
Yield
10.18%
NOI
£19,340
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Amenities
- Security System
- Roller Shutters
1 1
Nearby Major Retailers
1 of 2
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82 High St
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