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Description
3 COMMERCIAL UNITS Prime Town Centre Location comprising 8,217sq ft in total. PART INCOME PRODUCING Class 1/2 Retail Space with Hot Food Potential. Rent potetial £55-60,000 annually when full let.
34 Bridgegate Ground: 150.4sqm (1,619sq ft) 1st: 113.9sqm (1,226sq ft) Total: 264sqm (2,845sq ft) Currently Vacant ESTIMATED RENTAL VALUE = £22,000p.a
36 Bridgegate Ground: 110.56sqm (1,190sq ft) 1st: 67.27sqm (724sq ft) Total: 177.83sqm (1,914sq ft) Held on F.R.I Lease Expiry: April 2029 (Tenant had option to extend lease) Passing Rent: £14,000pa
38-40 Bridgegate Ground: 188.13sqm (2,025sq ft) 1st: 133.13sqm (1,433sq ft) Total: 321.26sqm (3,458sq ft) Currently Vacant HISTORICALLY LET FOR = £45,000p.a
Internally each property offers ground floor retailing/cafe/showroom space with w.c. & tea prep area at upper floors further providing storage space. A fire escape is accessible at upper floor level.
3 COMMERCIAL UNITS Prime Town Centre Location comprising 8,217sq ft in total. PART INCOME PRODUCING Class 1/2 Retail Space with Hot Food Potential. FANTASTIC YIELD POTENTIAL once fully occupied. 34 Bridgegate Ground: 150.4sqm (1,619sq ft) 1st: 113.9sqm (1,226sq ft) Total: 264sqm (2,845sq ft) Currently Vacant ESTIMATED RENTAL VALUE = £22,000p.a 36 Bridgegate Ground: 110.56sqm (1,190sq ft) 1st: 67.27sqm (724sq ft) Total: 177.83sqm (1,914sq ft) Held on F.R.I Lease Expiry: April 2029 (Tenant had option to extend lease) Passing Rent: £14,000pa 38-40 Bridgegate Ground: 188.13sqm (2,025sq ft) 1st: 133.13sqm (1,433sq ft) Total: 321.26sqm (3,458sq ft) Currently Vacant HISTORICALLY LET FOR = £45,000p.a Internally each property offers ground floor retailing/cafe/showroom space with w.c. & tea prep area at upper floors further providing storage space. A fire escape is accessible at upper floor level. WAA historically sold for £1.2 million and L THE for over £135,000 Annually ****potential now £65,000 PA once shops are let individually***
Maps & Location
Map Street View SatelliteThe property is situated on the North side of Bridgegate, within the pedestrianised town centre and a highly visible and busy position within the Ayrshire town of Irvine. 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. Neighbouring occupiers include Savers, The Rivergate Shopping Centre, Ramsdens Pawnbrokers, Nationwide Building Society and Irvine Town Hall.
Document Downloads
Pricing Information & Bidding
Opening Bid: £75,000
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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.
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General Terms & Conditions of Sale
Lot Specific Terms - 34-40Bridgegate, Portfolio of 3 Retail Units, Irvine