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12 Ritchie St 3,256 SF Retail Building West Kilbride KA23 9AL $1,132,860 CAD ($347.93 CAD/SF) 7.20% Cap Rate
Investment Highlights
- Long income retail investment
- Single-storey building with rear upper floor
- Prominent town centre location
Executive Summary
The subjects comprise a convenience store located within a substantial single storey property with small two storey section to the rear. The original building dates back to the late Nineteenth Century although with significant alterations and additions during the mid Twentieth Century. The subjects are let to Wm Morrison Supermarkets Ltd who have a Dun & Bradstreet rating of 5A2. The passing rent is £45,500 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
3,256 SF
Building Class
C
Year Built
1975
Price
$1,132,860 CAD
Price Per SF
$347.93 CAD
Cap Rate
7.20%
NOI
$81,566 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.91
Lot Size
0.08 AC
Frontage
15’ on Ritchie Street
Amenities
- 24 Hour Access
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Nearby Major Retailers
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12 Ritchie St
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