Timed Online Auction

12 March 2021, 10am-4pm

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

Description

Full Address: 10 Townhead, Guesthouse Investment, Irvine, Ayrshire, KA12 0BE

9 Bedroom Guest House in Prime Town Centre Location. 2 Storey terraced building with attractive render finish. Excellent Operator Potential or conversion & development into individual dwellings. *** Was sold historically for £320,000 ***

The property is located on the north side of Townhead, west of its junction with East Road within the town of Irvine. Irvine is located approximately 30miles south west of Glasgow and 7 miles west of Kilmarnock. *** EXCELLENT RENTAL POTENTIAL ***

Modern internal condition with layout comprising 9 letting rooms including 7 with ensuite facilities. Modern bathrooms suites and kitchen also. *** Was sold historically for £320,000 *** VIEWING ORGANISED FOR Wednesday 17th of February at 11am. Please contact our offices to confirm attendance.

Excellent Investment Potential and ready made business opportunity with excellent revenue potential as either short term guest house or long term rentals.

Seldom available FREEHOLD sale. The property qualified for rates exemption under the small business bonus scheme.

The property comprises a traditionally styled 2-storey terraced, rendered and painted stone building surmounted by a timber framed and pitched roof overlaid in slate with extensions to the rear. The extensions are single storey in nature, of what we assume to be built in blockwork, overlaid in roughcast and rendered under a variety of roof’s. The first two are smaller extensions having flat roofs, with the main rear extension, added approx 2009, having a tiled mono-pitched roof and rendered elevations. The rear elevation is built up to East Road at the rear. The rear of the demise benefits from a secondary access via East Road, this being a quiet, relatively narrow and mostly residential street. *** Was sold historically for £320,000 *** The property was previously used as a limited service guest house, and is laid out to provide entrance hall with controlled entry door, opening to a service desk, this leading to the 9 no. letting rooms of varying sizes and configurations, with only 2 no. not having en-suite facilities. Within the original 2 storey building, 2 bedrooms are located on the ground floor with separate utility / laundry room and further 2 bedrooms at upper floors accessed via a central stairway, with small kitchen and utility area plus shower room and toilet. A single corridor at ground floor leads to sink / cleaner cupboard, rear extensions and a single letting room to the rear of the corridor itself. Exiting to an external walkway, a further 4 letting rooms are accessible each with en suite facilities within the later extension. Each room has dedicated entrance by way of UPVC does and windows which can be accessed from East Road. NAV/RV - The property has been entered onto the valuation roll with the following NAV/RV as a Guest House; £7,800.

The property is located on the north side of Townhead, west of its junction with East Road within the town of Irvine. Irvine is located approximately 30miles south west of Glasgow and 7 miles west of Kilmarnock. The property benefits from being in close proximity to The portal, a leisure complex operated by North Ayrshire Council. Townhead is a main vehicular route into the town centre from the south east, surrounding land uses are mixed, however there is a dominance of residential accommodation and some commercial businesses such as Coast Estate Agents, Irvine Pool Club and The Salvation Army.

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Pricing Information & Bidding

Opening Bid: £116,250

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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