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34-34A Charlotte St
1,466 SF Retail Condo Unit Offered at $403,780 in Stranraer DG9 7EF
Investment Highlights
- Town centre high street location
- Nearby occupiers include Semichem, Card Factory, Farmfoods, Gordons Chemists and The Original Factory Shop
- High footfall
Executive Summary
Stranraer is located on the south west coast of Scotland with the town situated some 45 miles south of Ayr and has a residential population in the region of 13,000 and a far wider catchment owing to a number of towns in the outlying region. Stranraer provides direct links via rail and road to the Cairnryan Ferry Terminal approximately 6 miles east which operates both P&O and Stena lines to Larne Harbour and Port of Belfast.
Property Facts
| Price | $403,780 | Sale Type | Investment |
| Unit Size | 1,466 SF | Building Class | B |
| No. Units | 1 | Floors | 3 |
| Total Building Size | 2,690 SF | Typical Floor Size | 852 SF |
| Property Type | Retail (Condo) | Year Built | 1909 |
| Property Subtype | Storefront | Lot Size | 0.05 AC |
| Price | $403,780 |
| Unit Size | 1,466 SF |
| No. Units | 1 |
| Total Building Size | 2,690 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 852 SF |
| Year Built | 1909 |
| Lot Size | 0.05 AC |
1 Unit Available
Unit 34
| Unit Size | 1,466 SF | Sale Type | Investment |
| Price | $403,780 | Tenure | Freehold |
| Price Per SF | $275.43 | Cap Rate | 9.68% |
| Condo Use | Retail | NOI | $39,085.91 |
| Unit Size | 1,466 SF |
| Price | $403,780 |
| Price Per SF | $275.43 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 9.68% |
| NOI | $39,085.91 |
Description
The subject property boasts a wide frontage onto Charlotte Street with three large glazed display windows. The unit is arranged over the ground floor of a three storey mid terraced traditional stone building with a pitched and slated roof. There is a single storey extension at the rear of the property which is constructed of brick and also held under a pitched and slated roof.
Internally, the subjects comprise an open plan space fitted out in Betfred's corporate style to facilitate its use as a bookmaker.
Sale Notes
Investment oppotunity. The property is let to Done Brothers (Cash Betting) Ltd t/a Betfred on a FRI Lease. The tenant has just renewed at the end of 2023 with the new expiry date now December 2033 at a rent of £32,500 pa. There is a tenant only break option in December 2028 subject to six months' notice.
Interior Photo
Interior Photo
Interior Photo
Amenities
- Security System
- Storage Space
Nearby Major Retailers
Learn More About Investing in Retail Properties
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34-34A Charlotte St
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