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19-21 Airds Crescent
810 SF Office Condo Unit Offered at $267,376 CAD in Oban PA34 5SJ
Investment Highlights
- Oban town centre investment opportunity
- The subjects benefit from large display windows fronting to Airds Crescent
- There is a good selection of both local and national operators in the immediate vicinity
Executive Summary
The subject property is located to the east of Argyll Square within Oban town centre on Airds Crescent a one -way street which is directly accessed from the main thoroughfare of George Street (A85 ) and leads to Crombie Road (A816 ) and thereafter Soroba Road. There is on street parking to the front of the property. There is a good selection of both local and national operators in the immediate vicinity. The property comprises the ground floor of a wider 3 -storey and attic mid terraced tenement block of traditional stone construction under a slated pitched roof. The external walls of the ground floor unit have been painted to reflect the current occupier’s corporate branding. The subjects benefit from large display windows fronting to Airds Crescent with access via a UPV door at pavement level. There is a small single storey extension to the rear of the ground floor under a flat fibreglass covered roof.
Property Facts
| Price | $267,376 CAD | Sale Type | Investment |
| Unit Size | 810 SF | Building Class | B |
| No. Units | 1 | Floors | 4 |
| Total Building Size | 2,000 SF | Typical Floor Size | 2,000 SF |
| Property Type | Office (Condo) | Year Built | 1850 |
| Property Subtype | Office/Residential | Lot Size | 0.07 AC |
| Price | $267,376 CAD |
| Unit Size | 810 SF |
| No. Units | 1 |
| Total Building Size | 2,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Sale Type | Investment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 2,000 SF |
| Year Built | 1850 |
| Lot Size | 0.07 AC |
1 Unit Available
Unit 19-21
| Unit Size | 810 SF | Sale Type | Investment |
| Price | $267,376 CAD | Tenure | Freehold |
| Price Per SF | $330.09 CAD | Cap Rate | 7.18% |
| Condo Use | Office | NOI | $19,197.63 CAD |
| Unit Size | 810 SF |
| Price | $267,376 CAD |
| Price Per SF | $330.09 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.18% |
| NOI | $19,197.63 CAD |
Description
Internally the subjects have solid flooring, painted plastered walls and ceilings and fluorescent lighting throughout. The property is currently configured to provide 3 cellular offices, a kitchenette and cloakroom.
Sale Notes
The property is currently let on a 10 -year FRI lease from 28th September 2017 to Clark Thomson Insurance Brokers Ltd (Company No: SC173507) per the lease registered in the Books of Council & Session dated 2nd November 2017 and subsequently assigned to Marsh Corporate Services Ltd (Company No: 00439526) registered on 26th January 2021.
Offers over £150,000, exclusive of VAT are invited in respect of our client’s Heritable Interest in the property with the benefit of the existing lease in place to Marsh Corporate Services Ltd. This reflects an attractive Net Initial Yield of 7.18% after deduction of normal purchaser’s costs.
Interior
Interior
Interior
Interior
Interior
Amenities
- 24 Hour Access
-
Linda Cameron -
Neil Calder -
J & E Shepherd
Presented by
19-21 Airds Crescent
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