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10 Strothers Ln 1,512 SF 100% Leased Retail Building Inverness IV1 1LR $665,411 CAD ($440.09 CAD/SF) 9.72% Cap Rate
Investment Highlights
- The property is arranged on ground floor to provide a restaurant/takeaway
- Total accommodation of approx. 140.46 sqm (1512 sq ft)
- To be let to Pizza Hut franchisee Glenshire Brands (1) Ltd on a lease expiring 2041
Executive Summary
The property comprises an investment opportunity for sale.
The property is held on a new full repairing and insuring head lease to Glenshire Brands (1) Ltd t/a Pizza Hut, expiring February 2041 at a passing rent of £35,000per annum with rent reviews every 5 years at an open market value. The tenant has an option to determine in 2036.
The property is held on a new full repairing and insuring head lease to Glenshire Brands (1) Ltd t/a Pizza Hut, expiring February 2041 at a passing rent of £35,000per annum with rent reviews every 5 years at an open market value. The tenant has an option to determine in 2036.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Building Size
1,512 SF
Building Class
C
Year Built
2000
Price
$665,411 CAD
Price Per SF
$440.09 CAD
Cap Rate
9.72%
NOI
$64,693 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
1.00
Lot Size
0.03 AC
Frontage
35’ on Strothers Lane
1 1
Nearby Major Retailers
1 of 2
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10 Strothers Ln
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