Timed Online Auction

27 January 2022, 10am-3pm

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

Description

Full Address: 39 Countess Street, Tenanted Takeaway Investment, Saltcoats, KA21 5HP

PRIME INCOME PRODUCING INVESTMENT. Saltcoats town centre HOT FOOD INVESTMENT with immediate rental income of 13,000 per annum giving excellent return on investment. ***VAT FREE INVESTMENT***20 YEAR FRI LEASE***

IMMEDIATE RENTAL INCOME OF 13,000 per annum- increasing to 14,000 in 2023 on extremely secure 20 year FRI lease running until 2041. 100% secure investment with well-established local business.

SUPER SIZE- 1,641 Sq.ft. in the heart of 100% PRIME location in Saltcoats Town Centre **Exciting Investment opportunity***High Yielding investment*** within yards of Saltcoats Train Station. PROPERTY COMPLETED TO EXTREMELY HIGH STANDARD

***Prominent high footfall position*** NEXT TO TRAIN STATION and Excellent Town Centre Location***Amazing Investment***Densely populated residential district*** within busy costal town. 30,000 SPENT ON UPGRADING BY TENANT

Town Centre Opposite Train Station, Car Parks, Town Hall, Main thoroughfare into town centre. Nearby occupiers include: Bar One, William Hill, Semi Chem, Boots, Sainsburys, hairdressers & opticians. ***VAT FREE INVESTMENT***

PRIME INCOME PRODUCING INVESTMENT. Saltcoats town centre HOT FOOD INVESTMENT with immediate rental income of 13,000 per annum giving excellent return on investment. ***VAT FREE INVESTMENT*** IMMEDIATE RENTAL INCOME OF 13,000 per annum- increasing to 14,000 in 2023 on extremely secure 20 year FRI lease running until 2041. 100% secure investment with well-established local business. SUPER SIZE- 1,641 Sq.ft. in the heart of 100% PRIME location in Saltcoats Town Centre **Exciting Investment opportunity***High Yielding investment*** within yards of Saltcoats Train Station ***Prominent high footfall position*** NEXT TO TRAIN STATION and Excellent Town Centre Location***Amazing Investmentl***Densely populated residential district*** within busy costal town. Town Centre Opposite Train Station, Car Parks, Town Hall, Main thoroughfare into town centre. Nearby occupiers include: Bar One, William Hill, Semi Chem, Boots, Sainsburys, hairdressers & opticians. ***VAT FREE INVESTMENT***

***Prominent high footfall position*** NEXT TO TRAIN STATION and Excellent Town Centre Location***Well placed for a wide range of amenities & excellent retail shopping facilities. Ideally located. 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

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2041
Rent: 13,000 per year / 1,083 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: rent increase to 14,000 in 2023

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Pricing Information & Bidding

Opening Bid: £141,000

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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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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