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19-21 Airds Crescent

810 SF Office Unit Offered at £150,000 in Oban PA34 5SJ

Investment Highlights

  • Oban town centre investment opportunity
  • The subjects benefit from large display windows fronting to Airds Crescent
  • There is a good selection of both local and national operators in the immediate vicinity

Executive Summary

The subject property is located to the east of Argyll Square within Oban town centre on Airds Crescent a one -way street which is directly accessed from the main thoroughfare of George Street (A85 ) and leads to Crombie Road (A816 ) and thereafter Soroba Road. There is on street parking to the front of the property. There is a good selection of both local and national operators in the immediate vicinity. The property comprises the ground floor of a wider 3 -storey and attic mid terraced tenement block of traditional stone construction under a slated pitched roof. The external walls of the ground floor unit have been painted to reflect the current occupier’s corporate branding. The subjects benefit from large display windows fronting to Airds Crescent with access via a UPV door at pavement level. There is a small single storey extension to the rear of the ground floor under a flat fibreglass covered roof.

Property Facts

Price £150,000
Unit Size 810 SF
No. Units 1
Total Building Size 2,000 SF
Property Type Office (Unit)
Property Subtype Office/Residential
Sale Type Investment
Building Class B
Number of Floors 4
Typical Floor Size 2,000 SF
Year Built 1850
Lot Size 0.07 AC

1 Unit Available

Unit 19-21

Unit Size 810 SF
Price £150,000
Price Per SF £185.19
Unit Use Office
Sale Type Investment
Tenure Freehold
Net Initial Yield 7.18%
NOI £10,770
Description

Internally the subjects have solid flooring, painted plastered walls and ceilings and fluorescent lighting throughout. The property is currently configured to provide 3 cellular offices, a kitchenette and cloakroom.

Sale Notes

The property is currently let on a 10 -year FRI lease from 28th September 2017 to Clark Thomson Insurance Brokers Ltd (Company No: SC173507) per the lease registered in the Books of Council & Session dated 2nd November 2017 and subsequently assigned to Marsh Corporate Services Ltd (Company No: 00439526) registered on 26th January 2021.

Offers over £150,000, exclusive of VAT are invited in respect of our client’s Heritable Interest in the property with the benefit of the existing lease in place to Marsh Corporate Services Ltd. This reflects an attractive Net Initial Yield of 7.18% after deduction of normal purchaser’s costs.

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Amenities

  • 24 Hour Access
  • Listing ID: 31246532

  • Date on Market: 18/03/2024

  • Last Updated:

  • Address: 19-21 Airds Crescent, Oban PA34 5SJ

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