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70 Main Rd 1,030 SF Retail Building Montrose DD10 0BA $363,999 CAD ($353.40 CAD/SF) 11.33% Cap Rate
Investment Highlights
- Investment opportunity with mixed commercial and residential accommodation
- Site extends to approximately 0.13 acres
- Value-add opportunity through letting the vacant residential dwelling
Executive Summary
The property is let in part, with the commercial unit producing £15,000 per annum from a lease to Alliance Property Holdings Limited starting 21 May 2024, with a tenant break option on 21 May 2029 and lease expiry on 20 May 2034. The adjoining two-bedroom residential dwelling is currently vacant, providing a value-add opportunity through residential letting.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,030 SF
Building Class
B
Year Built
1960
Price
$363,999 CAD
Price Per SF
$353.40 CAD
Cap Rate
11.33%
NOI
$41,241 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.13 AC
Frontage
26’ on Main Road
Amenities
- Corner Lot
1 1
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70 Main Rd
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