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Retail Unit Haddington Rd 11,400 sq ft Retail Property Tranent EH33 1HW £1,025,000 (£89.91/sq ft) 9% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Situated on a generously sized site providing ample customer car parking and excellent servicing.
- Located immediately adjacent to a popular Aldi store.
- Extremely prominent roadside location on Haddington Road (A199) and close to the A1 arterial route.
EXECUTIVE SUMMARY
We are instructed to invited offers in excess of £1,025,000 (one million and twenty-five thousand pounds). A purchase at this level would reflect an attractive Net Initial Yield of 9% after purchaser costs.
The property is let entirely to The Factory Shop Limited on FRI terms, for a period of 10 years from 25 November 2017 and expiring on 24 November 2027. The passing rent is £97,500 per annum, exclusive of VAT.
The property is let entirely to The Factory Shop Limited on FRI terms, for a period of 10 years from 25 November 2017 and expiring on 24 November 2027. The passing rent is £97,500 per annum, exclusive of VAT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Standalone
Property Size
11,400 sq ft
Costar Property Class
C
Year Built
1980
Price
£1,025,000
Price per sq ft
£89.91
Yield
9%
NOI
£92,250
Tenancy
Single
Number of Floors
1
Plot ratio
0.76
Total Plot Size
0.34 ac
Frontage
164 ft on Haddington Road
AMENITIES
- 24 Hour Access
- Roller Shutters
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NEARBY MAJOR RETAILERS
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Retail Unit | Haddington Rd
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