Tenanted Commercial LOT 97

5 Bridgegate, Irvine, KA12 8BJ
BIDDING OPENS in...

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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £2500 +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.

Description

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

***INCOME PRODUCING COMMERCIAL INVESTMENT***Full building - Ground & First floor Total 47.49sqm (511sq ft) Let to E-Cigarette Retailer. Running On Tacit. Passing Rent: £10,500p.a.

The property extends to the following new internal floor area; Ground: 20.45sqm (220sq ft) 1st: 27.04sqm (291sq ft) Total: 47.49sqm (511sq ft) NAV/RV: £7,800

The property is held on lease to E Cigarette Outlet (UK) Ltd having expired in August 2024 the lease is now running on tacit relocation. The tenant currently pays £10,500p.a.

Internally the property offers an open plan retailing area at ground floor with access to first floor from the rear of the demise providing storage space. W.C. facilities are located at ground floor.

Bridgegate is located in the heart of the town. As a central pedestrianised street, it plays a vital role in Irvine’s shopping and social life. Rivergate Shopping Centre is close by.

***INCOME PRODUCING COMMERCIAL INVESTMENT***Full building - Ground & First floor Total 47.49sqm (511sq ft) Let to E-Cigarette Retailer. Running On Tacit. Passing Rent: £10,500p.a. The property extends to the following new internal floor area; Ground: 20.45sqm (220sq ft) 1st: 27.04sqm (291sq ft) Total: 47.49sqm (511sq ft) NAV/RV: £7,800 The property is held on lease to E Cigarette Outlet (UK) Ltd having expired in August 2024 the lease is now running on tacit relocation. The tenant currently pays £10,500p.a. Internally the property offers an open plan retailing area at ground floor with access to first floor from the rear of the demise providing storage space. W.C. facilities are located at ground floor. Bridgegate is located in the heart of the town. As a central pedestrianised street, it plays a vital role in Irvine’s shopping and social life. Rivergate Shopping Centre is close by.

The property is situated on the south side of Bridgegate close to its junction with High Street within the main commercial centre of the town. Irvine lies 30 miles south west of Glasgow, 15 miles north of Ayr and is the principle town in North Ayrshire with a population of over 34,000 persons and a catchment of over 135,000 persons. The town lies at the convergence of the A78, A737, A767, and A71 road routes providing road access to Greenock, Ayr, Kilmarnock and Glasgow. Prestwick Airport is located 7 miles south of the town.

Full Address: 5 Bridgegate, Irvine, KA12 8BJ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling lease
Rent: £10,500 per year / £875 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: Let to E-Cigarette Retailer Running On Tacit Passing Rent: £10,500p.a.

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Pricing Information & Bidding

Opening Bid: £68,000

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 = 2% of Sale Price (Minimum £2,500 + 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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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: 06 March 2025, 10am-3pm
Type: Timed Online Auction

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