The subjects comprise the ground floor of a two storey end terrace building formed in stone and surmounted by a pitched roof clad in slate.
Location
The subjects are located in the main commercial area of Dunoon in a prominent position on the east side of Argyll Street between its junctions with Moir Street to the north and Ferry Brae to the south. Nearby occupiers include M & Co., Home Hardware and Boots the Chemist. Dunoon is the main settlement on the Cowal Peninsula and has a resident population of 8,250. The town is accessible by both road and ferry, the ferry crossings being from Greenock and Gourock via Cal Mac and Western respectively, both of which offer a regular crossing 7 days a week.
Accommodation
185.84 SQ. M. (1,710 SQ. FT.)
Terms
A copy of the EPC is available upon request.
LEASE TERMS & TENANT COVENANT The property is currently let to Semi Chem on a full repairing and insuring terms on a 5-year lease expiring 10th April 2025 at a current passing rent of £16,000 per annum. A copy of the lease is available upon request.
INVESTMENT CONSIDERATIONS FRI Lease , Established national occupier , Prime town centre location
PRICE Offers over £125,000 are invited reflecting a net initial yield of 12.6% after purchasers costs.
COSTS Each party will be responsible for their own legal costs incurred in the transaction.
VALUE ADDED TAX All prices, rents and premiums, where quoted, are exclusive of VAT.
Specification
- PRIME TOWN CENTRE LOCATION
- 185.84 SQ. M. (1,710 SQ. FT.)
- LET UNTIL APRIL 2025
- PASSING RENT OF £16,000 PER ANNUM
- OFFERS OVER £125,000
- NET INITIAL YIELD 12.6%