DEADLINE CLOSES in...

Map & Location

Map   Street View   Satellite

Description

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

Prime Town Centre Location Ground & 1st Floor 1,914sq ft. Held on F.R.I Lease Expiry: April 2029 (Tenant had option to extend lease) Deposit of £2,333 Held. Passing Rent: £14,000p.a.x.

The property extends to the following internal area; Ground: 110.55sqm (1,190sq ft) 1st: 67.26sqm (724sq ft) Total: 177.81sqm (1,914sq ft)

Facing SANTANDER directly adjacent to the entrance to the Rivergate Shopping Centre. PRIME TRADING POSITION busy pedestrianised town centre neighbouring Subway, Betfred, Semi-Chem, Nationwide.

***SALE BY ASSET MANAGEMENT COMPANY*** price to sell fast was part of block that sold for £2,000,000. Ideal long term investment property would let easily at entrance to main RIVERGATE SHOPPING CENTRE

Irvine is the principal town with North Ayrshire having a resident population of circa 33,000 persons and benefiting from a catchment in the region of 200,000 persons. Only 30 minutes to Glasgow

The property comprises a mid terraced retail space of steel framed and portal construction surmounted by a mansard style roof. The space offers a prominent dual display window frontage with centrally located double door entrance of aluminium framed and glazed construction. Internally the property is presented in an open plan layout with recessed L.E.D lighting within the suspended acoustic tile ceiling. Partitions have been erected to form staff facilities and office space. The first floor is accessed to the rear of the demise via a single staircase providing ancillary storage and workshop space. The property extends to the following internal area; Ground: 110.55sqm (1,190sq ft) 1st: 67.26sqm (724sq ft) Total: 177.81sqm (1,914sq ft) The property is held on a full repairing and insuring head lease in the following terms; Tenant: Close To Next Gen Ltd Expiry: 8th April 2029 Tenant Break: 9th April 2026 Passing Rent: £14,000p.a.x Deposit: £2,333 Held By Landlord The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern).

The property is situated on the North side of Bridgegate, within the pedestrianised town centre and a highly visible and busy position within the Ayrshire town of Irvine. Irvine lies 30 miles south west of Glasgow, 15 miles north of Ayr and is the principle town in North Ayrshire with a population of over 34,000 persons and a catchment of over 135,000 persons. The town lies at the convergence of the A78, A737, A767, and A71 road routes providing road access to Greenock, Ayr, Kilmarnock and Glasgow. Prestwick Airport is located 7 miles south of the town. Neighbouring occupiers include Savers, The Rivergate Shopping Centre, Ramsdens Pawnbrokers, Nationwide Building Society and Irvine Town Hall.

Full Address: 36 Bridgegate Square, Ready Let Investment, Irvine, Ayrshire, KA12 8BJ

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2029
Rent: £14,000 per year / £1,167 per month
Yield: 19% (approx)
Tenant: Company
Notes: Tenant: Close To Next Gen Ltd Expiry: 8th April 2029 Tenant Break: 9th April 2026 Passing Rent: £14,000p.a.x Deposit: £2,333 Held By Landlord

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Guide Price: £90,000


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.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% 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.

Payment Calculator

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.

Payment Calculator

Auction Details

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

View Full Auction Catalogue