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10 St Andrew St 810 SF Retail Condo Unit Offered at $223,458 CAD in Dalkeith EH22 1AN
INVESTMENT HIGHLIGHTS
- Located next to the main public car park in Dalkeith on St Andrew Street
- Passing rent of £11,500 per annum (£14.65/ sq ft Zone A)
- Self contained ground floor retail unit with extensive glazed frontage
EXECUTIVE SUMMARY
The subject property is located in the historic and popular market town of Dalkeith, Midlothian, approximately 8 miles south-east of Edinburgh city centre. Dalkeith serves as a key commuter town and a local retail hub for the surrounding residential areas. The property benefits from a prominent position on St Andrew Street enjoying excellent footfall and vehicular traffic. Nearby occupiers include Lidl, B&M, Greggs, Baynes, Betfred, Ladbrokes and JD Wetherspoon. The area is well-served by public transport, with numerous bus routes connecting to Edinburgh and surrounding towns. The road infrastructure in and around the town is excellent, with easy connections to the A7 and A68, leading to the Edinburgh City Bypass (A720). The property is comprised of a ground floor retail unit forming part of a semi-detached, 2 storey and attic building held under a pitched and slated roof.
PROPERTY FACTS
| Total Building Size | 1,644 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,644 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 2005 |
| Building Class | B | Lot Size | 0.05 AC |
| Total Building Size | 1,644 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 1,644 SF |
| Year Built | 2005 |
| Lot Size | 0.05 AC |
AMENITIES
- 24 Hour Access
1 UNIT AVAILABLE
Unit 2
| Unit Size | 810 SF | Sale Type | Investment |
| Price | $223,458 CAD | Tenure | Freehold |
| Price Per SF | $275.87 CAD | Cap Rate | 9.41% |
| Condo Use | Retail | NOI | $21,027.44 CAD |
| Unit Size | 810 SF |
| Price | $223,458 CAD |
| Price Per SF | $275.87 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 9.41% |
| NOI | $21,027.44 CAD |
DESCRIPTION
The property is open plan internally with access via a glazed pedestrian door whilst benefiting from extensive glazed main road frontage. There is a single disabled compliant WC towards the rear of the shop as well as a fire escape to
the lane at the rear of the building.
SALE NOTES
Instructed to seek offers in excess of £120,000 (ONE HUNDRED AND TWENTY THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level reflects an attractive 9.41% net initial yield after allowing for standard purchasers’ costs of 2.63%.
NEARBY MAJOR RETAILERS
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10 St Andrew St
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