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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

***COMMERCIAL INCOME PRODUCING INVESTMENT*** 57.11 sqm (615 sq ft) Tenanted ground floor commercial property Currently producing £14,500 per annum on a FRI lease with 6 years remaining.

SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**

Hays Travel Ltd £14,500 per annum on a FRI lease with 6 years remaining. Tenant break and rent review September 2025 The property is fitted out in accordance with the tenants requirements.

Popular trading location with excellent footfall located fronting Main Street in the centre of Largs.

Neighbouring occupiers include - Boots, Greggs, WHSmiths and many other national and local businesses. Close to Largs railway station and along the main bus route.

***COMMERCIAL INCOME PRODUCING INVESTMENT*** 57.11 sqm (615 sq ft) Tenanted ground floor commercial property Currently producing £14,500 per annum on a FRI lease with 6 years remaining. SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** Hays Travel Ltd £14,500 per annum on a FRI lease with 6 years remaining. Tenant break and rent review September 2025 The property is fitted out in accordance with the tenants requirements. Popular trading location with excellent footfall located fronting Main Street in the centre of Largs. Neighbouring occupiers include - Boots, Greggs, WHSmiths and many other national and local businesses. Close to Largs railway station and along the main bus route.

Largs, population circa 12,000, is itself a busy seaside town located approximately 30 miles south-west of Glasgow on the main A78 Clyde Coast route. Historically a holiday destination for the industrial West of Scotland towns, it is still geared largely to tourism. The town is served by the Glasgow suburban rail network, and is the terminal for the ferries to Great Cumbrae island. Largs railway station is within close proximitey to the property and provides regular services to Glasgow and the wider railway network.

Full Address: 73 Main Street, Tenanted Retail Investment, Largs, Ayrshire, KA30 8AJ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 6 Years
Rent: £14,500 per year / £1,208 per month
Yield: 11% (approx)
Tenant: Company
Notes: Ground floor retail Hays travel FRI Lease Exp September 2030 Rent £14,500

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Pricing Information & Bidding

Guide Price: £153,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 24 October 2024, 3pm
Type: Deadline for Offers

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