Deadline for Offers

14 May 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 44-46 Dockhead St, Let MandCo Investment, Saltcoats, KA21 5EH

PRIME TENANTED M & Co INVESTMENT. ** NEW 5 YEAR LEASE EXTENSION was 50,000 now 25,000 pa** Located in Saltcoats PRIME TOWN CENTRE. FRI lease from 2007 until 2025. IMMEDIATE RENTAL INCOME OF 25,000 per annum. Property not VAT elected. No VAT payable.

PROMINANT FULL BUILDING within busy pedestrianised High Street. Super size- 5,850sq.ft (543.33 sq.m) over ground and 1st Floor. Ground- retail- 279.19 sq.m (3,005sq.ft) First- Ancillary-264.14 sq.m (2,843 sq ft)

Extremely stable TENANT IN OCCUPATION AND PAYING RENT. Lease from 18/05/2007 to. 31/12/2025. Immediate rental income of 25,000 per annum.

Super High Street location close to train station and car parking. Neighbouring occupiers include Subway, Peacocks, Specsavers, Greggs, Boots, Costa Coffee, Timpsons and Bank of Scotland.

100% prime income producing investment with national tenant and well fitted out. 31 miles south of Glasgow, 21 miles north of Ayr, 15 miles west of Kilmarnock. Ideal long term investment purchase with super return

*VAT FREE TENANTED INVESTMENT* Prime tenanted investment in Saltcoats town centre let to M&Co on FRI lease from 2007 until 2025. IMMEDIATE RENTAL INCOME OF 25,000 per annum. PROMINANT FULL BUILDING within busy pedestrianised High Street. Super size- 5,850sq.ft (543.33 sq.m) over ground and 1st Floor. Ground- retail- 279.19 sq.m (3,005sq.ft) First- Ancillary-264.14 sq.m (2,843 sq ft) Extremely stable TENANT IN OCCUPATION AND PAYING RENT. Lease from 18/05/2007 to. 31/12/2025. Immediate rental income of 25,000 per annum. Super High Street location close to train station and car parking. Neighbouring occupiers include Subway, Peacocks, Specsavers, Greggs, Boots, Costa Coffee, Timpsons and Bank of Scotland. 100% prime income producing investment with national tenant and well fitted out. 31 miles south of Glasgow, 21 miles north of Ayr, 15 miles west of Kilmarnock. Ideal long term investment purchase with super return

Saltcoats is the second of North Ayrshire's Three Towns, which also includes Stevenston and Ardrossan. The town boasts beautiful beach, ideal for those who like walking and is a popular town with many local amenities including shopping, the Auchenharvie centre for swimming and sports activities and a skate park. It is ideally situated for golf fans, with courses at Ardeer in Stevenston and West Kilbride. The seaside town has a thriving tourism and summer let market - Close to the water and local amenities -Excellent commuter links with M77 motorway nearby giving access to Glasgow in under 45 minutes - Regular train links to Ayr, Largs & Glasgow

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2025
Rent: 25,000 per year / 2,083 per month
Yield: 15% (approx)
Tenant: Company
Notes: Lease from 18/05/2007 to 31/12/2025 25,000 per annum. M&Co

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Location

Pricing Information & Bidding

Guide Price: £168,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 14 May 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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