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Map & Location

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Description

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

2 Tenanted Ground Floor Commercial Units let to Royal Mail & Co-op Funeralcare at £13,100pa. Fantastic investment opportunity with high yield as interest rates decrease would produce a 10%+ yield.

Royal MAIL GROUP…. Lease start date / expiry date: March 2022 / March 2032… Rent: £7,100 pa expiry date: September 2003 / September 2028 (break in Sept 2023 not exercised)… Rent: £6,000 pa

VAT FREE ideal development opportunity with immediate income and potential to increase further by developing the upper floors.

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

Beith is connected by several smaller roads that link to nearby villages and rural areas, making it accessible by car from different directions.

Eglinton Street runs through the town of Beith and is part of its residential and commercial area. Like many streets in small Scottish towns, it features a mix of residential homes, local shops, and some historical buildings that reflect the town's past. The town of Beith is also known for its proximity to natural landscapes and parks, making it a pleasant area for both residents and visitors. Beith is situated in the southwest of Scotland, not far from the larger towns of Paisley and Glasgow. It is part of the council area of North Ayrshire. A737: The primary road connecting Beith to nearby towns and cities. This route provides direct access to Glasgow to the northeast and Irvine to the southwest. Beith is connected by several smaller roads that link to nearby villages and rural areas, making it accessible by car from different directions. The nearest railway station is in Glengarnock, about 2 miles from Beith. This station is on the Ayrshire Coast Line, providing regular services to Glasgow Central, Ayr, and Largs. It’s a convenient option for residents commuting to larger cities or towns.

Full Address: 29 and 31 Eglinton St, Royal Mail and Co-op Funeralcare, Beith, Ayrshire, KA15 1AA

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 8 Years
Rent: £13,100 per year / £1,092 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: Royal MAIL GROUP…. Lease start date / expiry date: March 2022 / March 2032… Rent: £7,100 pa expiry date: September 2003 / September 2028 (break in Sept 2023 not exercised)… Rent: £6,000 pa

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Pricing Information & Bidding

Opening Bid: £95,000

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: 05 December 2024, 10am-3pm
Type: Timed Online Auction

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