5-19 High St & 6-8 Manse St 2 Retail Properties Offered at £4,409,613 in Renfrew
INVESTMENT HIGHLIGHTS
- Prime location in the town centre with dedicated car parking and servicing
- Total passing rent of £511,511 per annum
- Situated directly in front of the main town centre car park owned and managed by Renfrewshire Council
EXECUTIVE SUMMARY
Instructed to seek offers in excess of £5,850,000 (FIVE MILLION, EIGHT HUNDRED AND FIFTY THOUSAND POUNDS STERLING) exclusive of VAT for our client’s heritable interest subject to and with the benefit of the existing lease. A purchase at this level would show an attractive net initial yield of 8.20% after allowing for purchaser’s costs at 6.60%
PROPERTY FACTS
| Price | £4,409,613 |
| Price / SF | £107.48 / SF |
| Net Initial Yield | 8.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 41,027 SF |
| Total Land Area | 0.94 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5-17 High St, Renfrew PA4 8NY | Retail | 17,541 SF | 2005 | - |
| 19 High St, Renfrew PA4 8TR | Retail | 23,486 SF | 1992 | - |
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CONTACTS
-
Stewart Sheridan -
Graeme Millar -
Sheridan Keane Real Estate Investment
