Map & Location

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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

Located Within Town Centre Ground Floor Unit Rates & V.A.T. Free Let To Funeral Director 410sq ft Opportunity For Lease Extension Passing Rent: £4,800p.a.

The ground floor property is held on lease to a private individual t/a Thomas McKellar Funerals running on tacit having expired in June 2022 at a passing rent of £4,800per annum.

The area extends to 410sq ft and benefits from rates exemption under the small business bonus scheme.

Galston is a town in East Ayrshire, Scotland, situated in the valley of the River Irvine, about 4 miles east of Kilmarnock. Historically, it has been associated with coal mining and agriculture.

It grew during the industrial era with developments in textiles, particularly lace weaving and carpet-making. The town also boasts the Galston Parish Church, dating back to the 19th century.

Galston is part of a larger group of settlements known as

Full Address: 8 Polwarth Street, Galston, KA4 8HG

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Tacit Renewal
Rent: £4,800 per year / £400 per month
Yield: 19% (approx)
Tenant: Private Individual
Notes: lease to a private individual t/a Thomas McKellar Funerals running on tacit having expired in June 2022 at a passing rent of £4,800per annum.

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Pricing Information & Bidding

Opening Bid: £25,000

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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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.

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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VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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