14 George Street, Stranraer, Wigtownshire, DG9 7RL

Property Details: • Type: 1,649 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Ground floor shop with ancillary accommodation at first floor. • Heritable (Scottish Equivalent to English Freehold). • Prominent retail unit on Stranraer's main retail thoroughfare • VAT is applicable to this property • Nearby occupiers include M&Co, WH Smith, Boots and Santander Bank • Situated adjacent to Superdrug and Subway

Location: • Nearest Station: Stranraer Station • Distance to Station: 0.5 miles

Agent Information: • Address: 54 Welbeck Street, London W1G 9XS

Full Description: Investment Consideration: Gross Initial Yield: 11.66% Rental Income: £7,000 p.a. VAT is applicable to this property Heritable (Scottish Equivalent to English Freehold) Comprises ground floor retail shop t/a barbers with ancillary accommodation at first floor Prominent retail unit on Stranraer's main retail thoroughfare, situated adjacent to Superdrug and Subway and Nearby occupiers include M&Co, WH Smith, Boots and Santander Bank.

Property Description: The property comprises ground floor shop with ancillary accommodation at first floor and provides the following accommodation and dimensions: Ground Floor: 77 sq m (828 sq ft) Retail Area, Office, Storage, Kitchenette, WC First Floor: 77 sq m (828 sq ft) Office, Storage Total area size: 154 sq m (1,656 sq ft)

Tenancy: The property is at present let to an Individual t/a Barbers for a term of 2 Years from 5th February 2024 at a current rent of £7,000* p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,000.

*Tenant pays reduced rent of £6,000 p.a. for the first year. Vendor will top up rent, so the buyer receives the equivalent to £7,000 p.a. from completion.

Location: The property is situated in a prominent position within the town centre, on the northern side of George Street adjacent to Superdrug, Subway and the main town square. Other nearby occupiers include M&Co, WH Smith, Boots and Santander Bank