Tenanted Commercial Property LOT 203

83 Main Street, Largs, KA30 8AJ
OPENING BID

Timed Online Auction

12 March 2021, 10am-4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 83 Main Street, Largs, KA30 8AJ

TENANTED INVESTMENT PROPERTY WITHIN LARGS MAIN STREET. 100% Prime Town Centre Commercial Unit. *LET ON FULL FRI LEASE UNTIL 2025 WITH PASSING RENT OF £5,000 PER ANNUM*

The property comprises a 183 sq.ft ‘kiosk’ retail unit with modern, bi-folding entry doors and signage above. Well presented, open plan sales area with a kitchen area and toilet to the rear.

IDEAL INVESTMENT PROPERTY with immediate rental income of £5,000 per annum to well-established local company on FULL FRI LEASE until 2025 with break in Aug 2022 (6 month notice period). *IDEAL INVESTMENT*

Busy Main Shopping thoroughfare with multiple national retailers including M&Co, Greggs, Tesco, Morrison's, Supedrug, Costa, Specsavers and Card factory as well as local retailers and boutiques.

PRIME RENTAL LOCATION WITHIN EXTREMELY BUSY TOWN CENTRE in popular tourist location. Located directly opposite Largs Train Station handling over 750,000 passengers annually.

TENANTED INVESTMENT PROPERTY WITHIN LARGS MAIN STREET. 100% Prime Town Centre Commercial Unit. *LET ON FULL FRI LEASE UNTIL 2025 WITH PASSING RENT OF £5,000 PER ANNUM* The property comprises a 183 sq.ft ‘kiosk’ retail unit with modern, bi-folding entry doors and signage above. Well presented, open plan sales area with a kitchen area and toilet to the rear. IDEAL INVESTMENT PROPERTY with immediate rental income of £5,000 per annum to well-established local company on FULL FRI LEASE until 2025 with break in Aug 2022 (6 month notice period). Busy Main Shopping thoroughfare with multiple national retailers including M&Co, Greggs, Tesco, Morrison's, Supedrug, Costa, Specsavers and Card factory as well as local retailers and boutiques. PRIME RENTAL LOCATION WITHIN EXTREMELY BUSY TOWN CENTRE in popular tourist location. Located directly opposite Largs Train Station handling over 750,000 passengers annually.

MAIN STREET is MAIN ST LARGS SUPER SPOT CLOSE TO MAJOR RETAILERS. Popular location this property would let easily. QUALIFIES FOR 100% RATES RELIEF. It provides a host of local amenities to include high performing schools, super market, local shops, and restaurants. The train station provides rail links towards Glasgow. Prestwick and Glasgow Airports are also located within 30 miles of the town. Largs is well served with Leisure amenities to include Largs Yacht Haven Marina (a world class marina), challenging golf courses, tennis and bowling clubs. POPULAR SEASIDE TOWN FOR TOURISTS .

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2025
Rent: £5,000 per year / £417 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: FRI licence £5,000 per annum Pine martin plants Ltd Expires 25th Aug 2025 Tenant break on 23rd Aug 2022 providing 6 months notice

Document Downloads

  LEGAL PACK (Pending)

Location

Pricing Information & Bidding

Opening Bid: £39,000

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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 12 March 2021, 10am-4pm
Type: Timed Online Auction

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