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Investment property let at £8,640 per annum

Dalry, KA24 - Get Access

1 bath

Description

Large commercial unit located in the busy thoroughfare of Dalry, North Ayrshire. The compact premises extends to approximately 240 square feet, and is tenanted at an excellent rent of £8,640 per annum (£720 per calendar month). The property comprises a ground floor retail unit contained within a two-storey building. Internally, the subjects comprise reception, storage, kitchen, and w.c. facilities. The property has a rateable value of £1,900, making it eligible for the small business relief scheme. It benefits from being situated on a busy street in Dalry, attracting a large footfall. This unit is sure to appeal to a variety of buyers, and would suit an owner-occupier or a commercial landlord looking for a ready-let commercial property. The property currently achieves a gross yield of 15% based on a guide price of £58,000, making it sure to appeal to a shrewd investor. Currently used as a successful Chinese takeaway, the unit could also be used for a variety of other purposes such as an office, shop unit, café, or more, offering a range of commutable benefits and attractions. Dalry, Ayrshire, is a picturesque town nestled amidst the rolling hills and scenic landscapes of southwestern Scotland. Located in the historic county of Ayrshire, Dalry offers a charming blend of natural beauty, rich history, and warm Scottish hospitality. As you approach Dalry, you are greeted by breathtaking views of the surrounding countryside. The town is situated in a verdant valley, surrounded by lush green fields and meandering rivers. Dalry is a town steeped in history, evident in its architecture and landmarks, with streets lined with quaint stone buildings, many dating back centuries. Local landmarks include Dalry Parish Church, with its striking spire reaching towards the sky, and Dalry Town Hall, a grand Victorian-era building standing as a testament to the town's past.
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Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 240 sq ft (Listing)

Valuing a compact commercial retail unit on Main Street in Dalry requires assessing both its income-generating potential and the physical condition of the premises. The property currently operates as a takeaway and is let at a passing rent of £8,640 per annum. Image analysis indicates a dated condition with a score of 4/10, requiring modernization of the commercial kitchen and shopfront. Floor area is established at 240 sq ft based on the property listing details.

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