60-62 Union St 1,226 SF Retail Building Larkhall ML9 1DR $630,891 CAD ($514.59 CAD/SF) 9.79% Cap Rate

This modern single-storey retail investment is located in a prime pitch on Union Street, Larkhall, and is let to the strong covenant of Coral Racing Ltd, part of the Entain Group. The tenant has been in occupation since 2011, with the lease recently extended to February 2037, offering long-term secure income with upcoming upward-only rent reviews. The current passing rent is £33,283 per annum, rebasing to £31,000 in February 2027. The heritable property extends to approximately 1,226 sq ft and benefits from a small unused rear area. Offers are sought in excess of £340,000, reflecting a net initial yield of 9.47% assuming standard purchaser’s costs. VAT is applicable but the transaction is expected to qualify as a TOGC.