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Description

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

TENANTED GROUND FLOOR COMMERCIAL***120.79sq m (1,300 sq ft) let to Royal Mail at £7,100 pa. Fantastic investment opportunity with high yield as interest rates decrease would produce a 10%+ yield.

Royal MAIL GROUP Lease start: March 2022 Expiry: March 2032 Rent: £7,100 pa Rent Increase: Rent increased annually 25/3 on a standard 2.5% Escalator Tenant Break: Annually providing 12 months notice.

VAT FREE ideal development opportunity with immediate income and potential to increase further by developing the upper floors.

SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**

Beith is connected by several smaller roads that link to nearby villages and rural areas, making it accessible by car from different directions.

TENANTED GROUND FLOOR COMMERCIAL***120.79sq m (1,300 sq ft) let to Royal Mail at £7,100 pa. Fantastic investment opportunity with high yield as interest rates decrease would produce a 10%+ yield. Royal MAIL GROUP Lease start: March 2022 Expiry: March 2032 Rent: £7,100 pa Rent Increase: Rent increased annually 25/3 on a standard 2.5% Escalator Tenant Break: Annually providing 12 months notice. VAT FREE ideal development opportunity with immediate income and potential to increase further by developing the upper floors. SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** Beith is connected by several smaller roads that link to nearby villages and rural areas, making it accessible by car from different directions.

Eglinton Street runs through the town of Beith and is part of its residential and commercial area. Like many streets in small Scottish towns, it features a mix of residential homes, local shops, and some historical buildings that reflect the town's past. The town of Beith is also known for its proximity to natural landscapes and parks, making it a pleasant area for both residents and visitors. Beith is situated in the southwest of Scotland, not far from the larger towns of Paisley and Glasgow. It is part of the council area of North Ayrshire. A737: The primary road connecting Beith to nearby towns and cities. This route provides direct access to Glasgow to the northeast and Irvine to the southwest. Beith is connected by several smaller roads that link to nearby villages and rural areas, making it accessible by car from different directions. The nearest railway station is in Glengarnock, about 2 miles from Beith. This station is on the Ayrshire Coast Line, providing regular services to Glasgow Central, Ayr, and Largs. It’s a convenient option for residents commuting to larger cities or towns.

Full Address: 29 Eglinton St, Let Royal Mail Investment, Beith, Ayrshire, KA15 1AA

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £7,100 per year / £592 per month
Yield: 13% (approx)
Tenant: Company
Notes: Royal MAIL GROUP Lease start: March 2022 Expiry: March 2032 Rent: £7,100 pa Rent Increase: Rent increased annually 25/3 on a standard 2.5% Escalator Tenant Break: Annually providing 12 months notice.

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Pricing Information & Bidding

Opening Bid: £56,000

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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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: 06 February 2025, 10am-3pm
Type: Timed Online Auction

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