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93-97 Portland St 702 SF Retail Condo Unit Offered at $239,904 CAD in Troon KA10 6QU
Investment Highlights
- Take Away Unit
- Expiry October 2035 (With Option To Extend)
- Fixed Increase in 2027 to £13,000p.a.
- Held on F.R.I Lease on Personal Name
- Passing £12,000p.a.
- Price: £120,000
Executive Summary
The property comprises a building of traditional construction arranged over two floors with retail accommodation on the ground floor and residential above.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 9.23% |
| Sale Type | Investment |
| Cap Rate | 9.23% |
| Tenure | Freehold |
Description
The ground floor commercial space is fitted as a chinese take away, with customer servery to the front, partitioned pitching within the middle of the = property and rear stores, w.c and prep area within a single storey extension to the rear.
The property has been extensively renovated by the tenant.
The property has been extensively renovated by the tenant.
Sale Notes
The property is held on a full repairing and insuring head lease on a personal name expiring 30th October 2035, with a tenants break option on 31st October 2030. The tenant has an option to extend the lease for a further 10years. The current passing rent is £12,000p.a. with a fixed increase to £13,000p.a. from 31st October 2027. There are rent review cycles every 5th year (next October 2030). The landlord holds a deposit of £1,500.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 93 | 702 SF | Retail | $239,904 CAD ($341.74 CAD/SF) | $22,145.03 CAD |
Unit 93
| Unit Size |
| 702 SF |
| Condo Use |
| Retail |
| Price |
| $239,904 CAD ($341.74 CAD/SF) |
| NOI |
| $22,145.03 CAD |
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Unit 93
| Unit Size | 702 SF |
| Condo Use | Retail |
| Price | $239,904 CAD ($341.74 CAD/SF) |
| NOI | $22,145.03 CAD |
| Sale Type | Investment |
| Cap Rate | 9.23% |
| Tenure | Freehold |
| Description | |
| The ground floor commercial space is fitted as a chinese take away, with customer servery to the front, partitioned pitching within the middle of the = property and rear stores, w.c and prep area within a single storey extension to the rear.<br> <br> The property has been extensively renovated by the tenant.</li></ul> | |
| Sale Notes | |
| The property is held on a full repairing and insuring head lease on a personal name expiring 30th October 2035, with a tenants break option on 31st October 2030. The tenant has an option to extend the lease for a further 10years. The current passing rent is £12,000p.a. with a fixed increase to £13,000p.a. from 31st October 2027. There are rent review cycles every 5th year (next October 2030). The landlord holds a deposit of £1,500.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 1,170 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,170 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1900 |
| Building Class | C | Lot Size | 0.05 AC |
| Total Building Size | 1,170 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 1,170 SF |
| Year Built | 1900 |
| Lot Size | 0.05 AC |
Amenities
- Storage Space
1 1
Nearby Major Retailers
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Street
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93-97 Portland St
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