Description
INCOME PRODUCING INVESTMENT*** FULL BUILDING 2,970 sq ft Single storey retail Unit in in EXCELLENT TRADING POSITION. Scotmid Co op producing £56,054 per annum on a FRI Lease.
The property is let to Botterill’s Convenience Stores Limited (t/a Scotmid Co-operative) FRI Lease for a term of 25 years from February 2007 at a rent of £56,054 pa 5 yearly RPI linked rent reviews.
Modern single-storey retail unit of brick construction beneath a pitched tiled roof. The property benefits from a prominent glazed frontage with ATM provision. Ground Floor - 275.88 sq m (2,970 sq ft)
Well-configured convenience store including main sales area, ancillary office and post office provision along with storage and staff facilities. To the rear is a service yard with access from King St.
Benefits from substantial public parking nearby. Prominent location Neighboring occupiers include - Londis, Marcbanks Pharmacy, beauty salon and eateries.
INCOME PRODUCING INVESTMENT*** FULL BUILDING 2,970 sq ft Single storey retail Unit in in EXCELLENT TRADING POSITION. Scotmid Co op producing £56,054 per annum on a FRI Lease. The property is let to Botterill’s Convenience Stores Limited (t/a Scotmid Co-operative) FRI Lease for a term of 25 years from February 2007 at a rent of £56,054 pa 5 yearly RPI linked rent reviews. Modern single-storey retail unit of brick construction beneath a pitched tiled roof. The property benefits from a prominent glazed frontage with ATM provision. Ground Floor - 275.88 sq m (2,970 sq ft) Well-configured convenience store including main sales area, ancillary office and post office provision along with storage and staff facilities. To the rear is a service yard with access from King St. Benefits from substantial public parking nearby. Prominent location Neighboring occupiers include - Londis, Marcbanks Pharmacy, beauty salon and eateries.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 25 Years
Rent: £56,054 per year / £4,671 per month
Yield: 10% (approx)
Tenant: Company
Notes: The property is let to Botterill’s Convenience Stores Limited (t/a Scotmid Co-operative) on a full repairing and insuring lease for a term of 25 years from February 2007 at a rent of £56,054 per annum. The lease provides for 5 yearly RPI linked rent reviews.
Maps & Location
Map Street View SatelliteMain Street in downtown Renton, Washington, is a vibrant and walkable area that serves as the city's historic and commercial heart. The location offers a mix of locally owned shops, cafés, restaurants, boutiques, and community spaces, creating a lively small-town atmosphere while remaining close to Seattle. Residents and visitors enjoy easy access to nearby attractions such as the Cedar River Trail, Liberty Park, Piazza Park, the Renton Library, and Gene Coulon Memorial Beach Park on the shores of Lake Washington. Main Street benefits from excellent connectivity with the nearby Renton Transit Center, providing King County Metro and Sound Transit bus services to Seattle, Bellevue, Tukwila, and surrounding communities. The neighborhood also offers quick access to Interstate 405 and State Route 167, making commuting by car straightforward.
Document Downloads
Pricing Information & Bidding
Opening Bid: £574,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 165aMain Street, Scotmid Co Op, Renton