62 Newmanswall Avenue
Montrose, DD1 9DDFor Sale
Size: 217.30 sq.m (2,339 sq.ft)
Type: Investment
Location: Montrose
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Key Points:
- Detached convenience store investment
- Let to Scottish Midland Co-operative Society Limited (Scotmid)
- Lease regeared to June 2041, with tenant break in June 2036
- Current passing rent of £30,000 per annum
- 5 yearly CPI-linked rent reviews (1% collar / 3% cap)
- FRI lease
- Offers over £400,000 exclusive of VAT
- Attractive NIY of approximately 7.33%