18 Riverway
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18 Riverway
3,449 SF Retail Building Irvine KA12 8AG $2,484,157 ($720/SF) 6% Cap Rate
Investment Highlights
- Highly prominent drive thru investment opportunity
- Irvine is located in North Ayrshire, approximately 32 miles south west of Glasgow
- Located at the entrance to Riverway Retail Park, the dominant retail park in Irvine
Executive Summary
Offers are sought in excess of £1,960,000 (One Million, Nine Hundred and Sixty Thousand Pounds Sterling) exclusive of VAT for the benefit of our client’s heritable interest. A purchase at this level would reflect a Net Initial Yield of 6% after allowing for purchaser’s costs of 6.21%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Building Size
3,449 SF
Building Class
B
Year Built
2007
Price
$2,484,157
Price Per SF
$720
Cap Rate
6%
NOI
$149,049
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.71 AC
Parking
25 Spaces (7.25 Spaces per 1,000 SF Leased)
Frontage
90 FT on Riverway Retail Park
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Nearby Major Retailers
-
Ross Burns -
Burns Property Consultancy
Learn More About Investing in Retail Properties
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18 Riverway
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