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Description

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

***INCOME PRODUCING COMMERCIAL INVESTMENT*** 6,449sq ft Over ground and first floor located fronting High Street. FRI lease at £24,000 pa with 5 years remaining. ***SUPERSIZE PROPERTY***

Internally the property offers an open open sales area over ground floor with access to the upper floor via two flights of steps, one at the middle of the shop and the other at the rear.

TENANTED INVESTMENT OPPORTUNITY*** H&A Mobile Phone and Whole Sale Limited Expiry: 23rd September 2029 Passing Rent: £24,000p.a Full repairing and insuring lease.

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

The property is situated on the east side of High Street, north of its junction with Bank Street on a highly visible and busy position within the Ayrshire town of Irvine.

***INCOME PRODUCING COMMERCIAL INVESTMENT*** 4,099sq ft Over ground and first floor located fronting High Street. FRI lease at £24,000 pa with 5 years remaining. ***SUPERSIZE PROPERTY*** Internally the property offers an open open sales area over ground floor with access to the upper floor via two flights of steps, one at the middle of the shop and the other at the rear. TENANTED INVESTMENT OPPORTUNITY*** H&A Mobile Phone and Whole Sale Limited Expiry: 23rd September 2029 Passing Rent: £24,000p.a Full repairing and insuring lease. SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** The property is situated on the east side of High Street, north of its junction with Bank Street on a highly visible and busy position within the Ayrshire town of Irvine.

High Street in Irvine, North Ayrshire, is one of the town’s main thoroughfares and historic areas. Irvine is known for its mix of history, shopping, and easy access to coastal attractions, making it a unique spot with plenty of character. High Street offers a variety of retail shops, ranging from well-known chains to small independent stores. You’ll find everything from fashion boutiques and gift shops to home goods and essentials. Close to High Street, the Rivergate Shopping Centre is Irvine’s largest shopping center, with a range of stores, cafes, and restaurants. Nearby amenities include banks, pharmacies, cafes, and restaurants, making High Street a convenient place for residents and visitors alike. 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.

Full Address: 124 High Street, Let Investment, Irvine, KA12 8AH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 Years
Rent: £24,000 per year / £2,000 per month
Yield: 12% (approx)
Tenant: Company
Notes: H&A Mobile Phone and Whole Sale Limited £24000pa 5 year lease

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Pricing Information & Bidding

Opening Bid: £204,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. 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.

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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: 07 November 2024, 10am-3pm
Type: Timed Online Auction

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