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52 High St 1,034 SF Retail Building Lanark ML11 7EX $315,941 CAD ($305.55 CAD/SF) 8.94% Cap Rate
Investment Highlights
- Town Centre Retail Unit
- Ground Floor 955sq ft
- Long Standing Tenant
Executive Summary
The property comprises a prominent ground floor retail unit extending to approximately 88.7 sq m (955 sq ft), situated on the main retail pitch of High Street in Lanark. The unit forms part of an established commercial parade and benefits from a glazed frontage and accommodation fitted to the tenant’s corporate specification, with ancillary staff and storage facilities to the rear. The property is let on a full repairing and insuring lease to Hays Travel Ltd, with a lease expiring in September 2030 at a passing rent of £15,200 per annum; the 2026 tenant break option has not been exercised. The freehold interest is available for sale at offers over £170,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,034 SF
Building Class
B
Year Built
1890
Price
$315,941 CAD
Price Per SF
$305.55 CAD
Cap Rate
8.94%
NOI
$28,249 CAD
Tenancy
Single
Building Height
3 Stories
Frontage
23’ on High Street
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Nearby Major Retailers
1 of 2
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52 High St
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