NEW DEADLINE for OFFERS - 13th December 2019 at 5pm - Submit Offer Now >>

Lot 13

86 Gallowgate Street, Largs, KA30 8LZ

Guide Price: £175,000

Vacant Freehold Commercial Offer Now Available


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Key Features:

**REDUCED FROM ASKING PRICE OF £300,000** Traditional Restaurant premises in enviable location on Largs Prominade within yards of the World Famous Nardini's Ice Cream Parlour. Boasts stunning views over the Firth of Clyde to the Isle of Cumbrae *FULL CLASS 3 PERMISSION*


  • Realistic rental potential of £18,000 per annum on this well-known and popular Largs institution in the heart of the popular tourist location close to the ferry port, train station and local car parks and attractions
  • Ready to Let condition and can be sold FULLY FURNISHED AND FULLY EQUIPPED. The town centre subject comprises reception area, lounge/bar area, restaurant, fully equipped kitchen, storage, male and female toilets and car park/ loading area
  • **OUTSTANDING INVESTMENT OPPORTUNITY** Restaurant at this location previously turned over in excess of £500,000 in one calendar year. Current business has been successful in this location for 29 years but is now selling due to retirement --- VACANT POSSESSION --- FREEHOLD SALE
  • Largs is an affluent town located on the North Ayrshire coast on the Firth of Clyde located around 30 miles from the centre of Glasgow and is serviced by regular bus, train and ferry links. Population of 11,000.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

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Full Details:

Unique opportunity to purchase a substantial property that has been successfully trading with the previous owners --- Restaurant premises in enviable location on Largs Prominade within yards of the World Famous Nardini's Ice Cream Parlour. Boasts stunning views over the Firth of Clyde to the Isle of Cumbrae *** FULL CLASS 3 PERMISSIONS *** LICENSED PREMISES *** Realistic rental potential of £18,000 per annum on this well-known and popular Largs institution in the heart of the popular tourist location close to the ferry port and to local car parks and attractions. Ready to Let condition and can be sold FULLY FURNISHED AND FULLY EQUIPPED --- SOLD AS SEEN -- VIEWING AVAILABLE --- The town centre subject comprises reception area, lounge/bar area, restaurant, fully equipped kitchen, storage, male and female toilets and car park/ loading area *** OUTSTANDING INVESTMENT OPPORTUNITY TO OPERATE SUCCESSFULL RESTAURANT PREMISES WITH HIGH VISIBILITY UNIT FACING PROMENADE AND PUBLIC CAR PARK *** Historically, restaurant premises at this location turned over in excess of £500,000 in one calendar year. Current business has been successful in this location for past 30 years --- FREEHOLD COMMERCIAL SALE

Guide Price: £175,000 - Offer Now


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 at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Offer Now Explained...

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.

Map & Location:


The seaside town of Largs is a very popular and highly sought after town on the West Coast of Scotland benefiting from having a number of local attractions including Kelburn Country Centre, the Historic Scotland museum at Skelmorlie Aisle and the world famous Nardini's Ice Cream Parlour and restaurant. Largs has proven to be one of Scotland’s most desirable towns to relocate to for many years. Its natural landscape, with a magnificent coastline, takes in the breathtaking sights of Arran, Bute and Cumbrae to the west and the spectacular backdrop of the countryside to the east. Popular with all ages, Largs provides excellent shopping, cafes, bars and restaurants, a world-class marina, golf courses and high performing schools. Those seeking social pursuits can find these within Vikingar, Kelburn Country Park, the ever popular Largs seashore, renowned local golf courses and Largs Yacht Haven. Largs is also home to the world-famous Nardini’s restaurant, this iconic establishment re-opened in late 2008 after a complete refurbishment. Largs is in the enviable position of offering everything you could need with its proximity to Glasgow city centre, Glasgow Airport and Prestwick Airport, Largs is also an ideal commute to Glasgow and worldwide by air.

Viewings:


Open Viewings Scheduled...


  • Tuesday, December 10, 2019  :  2.20pm -> 2.35pm


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    04 February 2020


  • Start Time...

    7.00pm


  • Auction Location...

  • Glasgow Radisson

  • 301 Argyle Street, G2 8DL


View Map & Directions to the GLASGOW RADISSON >>


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form