14 George St | Stranraer DG9 7RL
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14 George St
Stranraer DG9 7RL
Retail Property For Sale
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.
*Tenant pays reduced rent of £6,000 p.a. for the first year. Vendor will top up rent, so the buyer receives the equivalent to £7,000 p.a. from completion.
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.
*Tenant pays reduced rent of £6,000 p.a. for the first year. Vendor will top up rent, so the buyer receives the equivalent to £7,000 p.a. from completion.
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
Storefront
Building Size
1,656 SF
Building Class
B
Year Built
1900
Price
£60,000
Price Per SF
£36
Net Initial Yield
11.66%
NOI
£6,996
Tenancy
Single
Number of Floors
2
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.
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