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Description

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

Substantial Industrial Unit within East Ayrshire. Currently rented for £35,000 per annum - £2,900 per month. Circa 50,000 Sq.Ft commercial premises in East Ayrshire. Freehold Sale. Full ownership.

Comprising; Reception area, main production/office building. Roller shutters for security. Yard. Demised W/c facilities. Substantial premises with associated car parking.

The subjects are located within a small industrial estate comprising a mix of workshops, stores and office premises. Lugar is a small village one mile north of Cumnock on the A70.

Lugar is a small village in East Ayrshire, southwest Scotland. Lugar is about 16.5 miles (26.6 km) south east of Kilmarnock. Lugar was built to accommodate the workers at the ironworks around 1845.

Lugar was once dominated by a large ironworks with several blast furnaces. Like the mining industry in nearby areas, though, the iron industry has been decimated by economic decline.

Detached Building. Industrial Premises with tenant in place (Local Building Company )on prominent roadside location on A70. The subjects are located within a small industrial estate comprising a mix of workshops, stores and office premises. Lugar is a small village one mile north of Cumnock on the A70 which links East Ayrshire to the M74. One mile from the outskirts of Cumnock. The property comprises a former plant and machinery facility. Steel portal frame construction. Services - Mains drainage, water and electricity supplies are available within the site. Close to A76 Kilmarnock-Dumfries route. ESTABLISHED COMMERCIAL LOCATION - INCLUDES PARKING - SUITED TO A RANGE OF COMMERCIAL USES - Full rates remission may be available to qualifying occupiers under the Small Business Bonus Scheme. Offers in the region of £350,000 are sought for our clients Heritable (Scottish equivalent of English Freehold) interest in the property. Approximate boundaries are shown edged red on the site plan.

Located in Lugar, a small village in East Ayrshire, southwest Scotland. Lugar is in Auchinleck Parish, Kyle District, Ayrshire. It is 1.5 miles (2.4 km) ENE of Cumnock, and about 1-mile (1.6 km) from Cronberry and 2 miles (3.2 km) from Gasswater. Ayr, is the principal settlement in the South Ayrshire Council area with a resident population of around 46,800.

Full Address:  Lugar Works, Block 2, Lugar, East Ayrshire, KA18 3JG

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Map & Location

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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)

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.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2040
Rent: £35,000 per year / £2,917 per month
Yield: 17% (approx)
Tenant: Private Individual
Notes: Currently rented for £35,000 per annum - £2,900 per month.

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Pricing Information & Bidding

Guide Price: £238,000


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 prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)

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

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.

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Auction Details

Date & Time: 23 May 2025, 12pm
Type: Deadline for Offers

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