BIDDING OPENS in...

Map & Location

Map   Street View   Satellite

Description

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

***INCOME PRODUCING INVESTMENT*** Ramage's Bar & First Floor Flat FULLY LET INVESTMENT producing £16,000 PA rising to £18,000 pa on 10 year lease.

Let on a 10 year commercial FRI lease until 23 May 2034 rental at £16,000 pa until 23 May 2026 thereafter rising to £18,000 pa annually. Business Rates and Insurance are covered by the tenant.

SUPER SIZE + CONDITION*** Large public house seating 25 persons with separate large one bedroom first floor flat included within the lease. LOCATED IN A PROMINENT POSITION

Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Kilbirnie

Newton Street in Kilbirnie provides residents with a peaceful, community-focused environment close to essential services, outdoor recreational areas, and accessible transport links.

***INCOME PRODUCING INVESTMENT*** Ramage's Bar & First Floor Flat FULLY LET INVESTMENT producing £16,000 PA rising to £18,000 pa on 10 year lease. Let on a 10 year commercial FRI lease until 23 May 2034 rental at £16,000 pa until 23 May 2026 thereafter rising to £18,000 pa annually. Business Rates and Insurance are covered by the tenant. SUPER SIZE + CONDITION*** Large public house seating 25 persons with separate large one bedroom first floor flat included within the lease. LOCATED IN A PROMINENT POSITION Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Kilbirnie. Newton Street in Kilbirnie provides residents with a peaceful, community-focused environment close to essential services, outdoor recreational areas, and accessible transport links.

Newton Street in Kilbirnie, North Ayrshire, is a residential street situated in this historic town in southwest Scotland. Kilbirnie is known for its scenic surroundings, friendly community, and a blend of traditional and modern housing. Just a short walk or drive from Newton Street, Kilbirnie's town center offers shops, supermarkets, and essential services. Tesco Superstore and local stores provide convenient shopping options for residents. Kilbirnie is well-connected by road, with the A737 providing direct routes to Paisley, Glasgow, and the rest of Ayrshire. Glengarnock Railway Station, nearby, offers regular train services to Glasgow and other destinations, making it a convenient location for commuters.

Full Address: 1-3 Newton Street, Portfolio Sale, Kilbirnie, Ayrshire, KA25 6HN

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £16,000 per year / £1,333 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: Let on a 10 year commercial FRI lease until 23 May 2034 rental at £16,000 pa until 23 May 2026 thereafter rising to £18,000 pa annually. Business Rates and Insurance are covered by the tenant.

Document Downloads

Legal Pack (Available)

Video Property Tour

View Video Presentation on Youtube

Pricing Information & Bidding

Opening Bid: £98,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

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.

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

View Full Auction Catalogue