3-5 Main St - Storefront Retail/Residential FOR SALE


Wishaw, NLK ML2 7AF
$256,000 USD
3-5 Main St, Wishaw, NLK for Sale
$256,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 10.5% Cap Rate

3-5 Main St
Wishaw, NLK ML2 7AF


HIGHLIGHTS

  • Large glazed frontage.
  • Roller shutters.
  • On street parking.

OVERVIEW

Offers over £256,000 are invited for clients heritable interest with the benefit of the existing lease, a purchase at this level reflects a NIY of 10.50% after purchasers' costs. Let to Coral Racing Limited on FRI terms, no schedule of condition, the tenant has been in occupation since 2013 with a Passing rent of £27,500 per annum = £23.03/sq ft Zone A, Expiry in August 2029, a tenant only break option in August 2027, subject to six months notice. six months rental penalty, £13,750, if tenant exercised the break.

FOR SALE DETAILS

PRICE

$256,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

10.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,000 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Gregor BrownG M BrownMore Info

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