Shepherd offers ambulance depot investment opportunity in Newton Stewart for sale
Shepherd Chartered Surveyors is offering an ambulance depot investment opportunity in Newton Stewart, Dumfries and Galloway, for sale.
The property is situated in Holmpark Industrial Estate, an established and popular industrial locale within the Minnigaff area of Newton Stewart accessed directly off New Galloway Road, the main feeder route into the town for west bound traffic from the A75. The property is therefore easily accessible from the main road network.
The 3,660 sq ft modern detached unit has a large parking/yard area to the front, together with additional areas of ground to the side and rear. The yard area to the front provides scope for an extension to the building or alternatively there is planning permission granted for an additional unit to be erected, therefore generating additional rental income.
The property is tenanted by The Scottish Ambulance Service, the frontline of the NHS in Scotland.
Fraser Carson, surveyor in Shepherd’s Dumfries office, said: “Given the tenant, this investment opportunity provides an unquestionable covenant and, as such, it is anticipated that it will generate much interest amongst property investors.
“The lease expires in August 2021, while the passing rent is £19,741.50 pa with three yearly upwards only market rent reviews, the next being August 2018.”
Offers in excess of £230,000 are invited, representing a 8.35% net initial yield. Interested parties should contact the sole selling agent on 01387 264333.
For further information please contact Fraser Carson on 01387 264333.