£79,000

Retail premises for sale

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Fixed price

£79,000

(£47.91/sq. ft)

Retail premises for sale

George Street, Stranraer DG9

1,649 sq. ft

Local area information

Property location

Nearby amenities

  • Park School 0.2 miles
  • Stranraer Ferry Terminal 0.3 miles
  • Stranraer 0.3 miles
  • St Joseph's RC School 0.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold Shop Investment
  • Comprises ground floor retail accommodation with ancillary on the first floor
  • Prominent retail unit on Stranraer’s main retail thoroughfare
  • VAT is applicable to this property
  • Situated adjacent to Superdrug and Subway
  • Nearby occupiers include M&Co, wh Smith, Boots and Santander Bank
Investment Consideration:
Gross Initial Yield: 8.86%
Rental Income: £7,000 p.a.
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.

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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Dumfries & Galloway
  4. Stranraer
  5. George Street

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