Portfolio of Properties LOT 405

31-33 Knockcushan Street, Girvan, KA26 9AG
BIDDING OPENS in...

Description

  • Status: Available
  • Type: Portfolio
  • Ownership: Freehold
  • Occupation: Vacant

***Incredible portfolio of large commercial premises and 2 x 2 bedroom flats*** Massive potential to split portfolio and resell***

***Long established profitable amusement arcade with high profit margins. Massive potential to enhance business operation. Owner selling due to retirement*** All machines and equipment included***

***Ground floor contains amusement arcade and totals approx 380 sq metres. Upper floor contains 2x two bed flats. One vacant and one tenanted at £6,000 pa. The vacant flat requires refurbishment***

***Previous residential sales evidence: 51 Knockcushan Street. Nov 21. £156,500 10 Knockcushan Street. Dec 24. £77,500***

***Massive development potential for conversion to residential dwellings. Previous planning granted in 2018. Potential up to 5 / 6 flats over entire site (subject to planning)***

***Incredible portfolio sale with massive potential. The portfolio comprises a large commercial premises along with 2x 2 bedroom flats. The ground floor comprises a large commercial unit occupying circa 380 square metres. This has traded as an amusement arcade for decade and delivers high profit margins. There is huge potential to enhance and grow the business. Current owner has restricted operation due to upcoming retirement. Planning was granted in 2018 for conversion of the ground floor space into residential dwellings . South Ayrshire Council 18/00548/APP. The upper level contains 2 residential flats. 1. Large tenanted flat comprising, hallway, lounge, 2 bedrooms, kitchen and bathroom. This is currently tenanted at £6,000 per annum. 2. Another smaller vacant flat comprising, hallway, lounge, kitchen, 2 bedrooms, and bathroom. This flat will require full internal upgrading. In addition there is full height attic space over the flats and flat roof over the commercial space to the rear which offer additional potential development opportunities subject to planning. Located at Girvan Harbour the property enjoys stunning sea views over to world famous Ailsa Craig. The premises have traded successfully for a number of years as a well known amusement arcade. The current owners are happy to assist in a managed hand over of the business should the new owners wish to continue trading. All machines and equipment are owned outright and are included in the sale. ***Incredible portfolio of large commercial premises and 2 x 2 bedroom flats*** Massive potential to split portfolio and resell*** ***Long established profitable amusement arcade with high profit margins. Massive potential to enhance business operation. Owner selling due to retirement*** All machines and equipment included*** ***Ground floor contains amusement arcade and totals approx 380 sq metres. Upper floor contains 2x two bed flats. One vacant and one tenanted at £6,000 pa. The vacant flat requires refurbishment*** ***Previous residential sales evidence: 51 Knockcushan Street. Nov 21. £156,500 10 Knockcushan Street. Dec 24. £77,500*** ***Massive development potential for conversion to residential dwellings. Previous planning granted in 2018. Potential up to 5 / 6 flats over entire site (subject to planning)***

Maps & Location

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Girvan is located in a corner of south west Ayrshire which has long been known for its unspoilt scenery and mild climate throughout the year. There are excellent golfing facilities with courses in Girvan and at Dailly, Turnberry, Stranraer and Portpatrick. There are the usual field sports, excellent rivers for fishing the most notable of which in the district is the River Stinchar. Superb routes for walking including the Southern Upland Way. Galloway Forest Park and the National Trust’s Culzean Castle are both within easy driving distance. The county town of Ayr is about 22 miles.

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Pricing Information & Bidding

Opening Bid: £156,000

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Terms & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)

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    STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.

    * If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

General Terms & Conditions of Sale
Lot Specific Terms - 31-33Knockcushan Street, Girvan






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