Tenanted Commercial LOT 168

8 Polwarth Street, Galston, KA4 8HG
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Guide Price
£34,000


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24 October 2024, 3pm

Map & Location

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Description

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

Located Within Town Centre Ground Floor Unit Rates & V.A.T. Free Let To Funeral Director 410sq ft Opportunity For Lease Extension Passing Rent: £4,800p.a.

The ground floor property is held on lease to a private individual t/a Thomas McKellar Funerals running on tacit having expired in June 2022 at a passing rent of £4,800per annum.

The area extends to 410sq ft and benefits from rates exemption under the small business bonus scheme.

Galston is a town in East Ayrshire, Scotland, situated in the valley of the River Irvine, about 4 miles east of Kilmarnock. Historically, it has been associated with coal mining and agriculture.

It grew during the industrial era with developments in textiles, particularly lace weaving and carpet-making. The town also boasts the Galston Parish Church, dating back to the 19th century.

Galston is part of a larger group of settlements known as "The Valley," alongside Newmilns and Darvel, and it has a close-knit community with various local events.

Full Address: 8 Polwarth Street, Galston, KA4 8HG

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Tacit Renewal
Rent: £4,800 per year / £400 per month
Yield: 18% (approx)
Tenant: Private Individual
Notes: lease to a private individual t/a Thomas McKellar Funerals running on tacit having expired in June 2022 at a passing rent of £4,800per annum.

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Pricing Information & Bidding

Guide Price: £34,000


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VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

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

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