Tenanted Commercial Property LOT 48

24-26 Eglinton Street, Irvine, KA12 8AS
OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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

Description

Full Address: 24-26 Eglinton Street, Irvine, KA12 8AS

PRIME LET COMMERCIAL UNIT Located within busy town centre. IMMEDIATE RENTAL INCOME of 28,000 Per Annum. Long term tenant - tenant has been in occupation since 2010.

PRIME TRADING POSITION within busy pedestrianised town centre with neighbouring occupiers including Subway, Betfred, Semi-Chem, Nationwide, The Rivergate Shopping Centre and Iceland.

Perfect Investment Opportunity. Currently LET to CEIS AYRSHIRE LIMITED at 28,000 Per Annum. IMMEDIATE INCOME PRODUCING INVESTMENT WITHIN BUSY TOWN CENTRE.

Eglinton Street is a busy commercial thoroughfare within Irvine Town Centre, acting as an extension to High Street/Seagate and forming part of the main bus route in 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 40,000 persons.

PRIME LET COMMERCIAL UNIT Located within busy town centre. IMMEDIATE RENTAL INCOME of 28,000 Per Annum. Long term tenant - tenant has been in occupation since 2010. PRIME TRADING POSITION within busy pedestrianised town centre with neighbouring occupiers including Subway, Betfred, Semi-Chem, Nationwide, The Rivergate Shopping Centre and Iceland. Currently LET to CEIS AYRSHIRE LIMITED at 28,000 Per Annum. Perfect Investment Opportunity. IMMEDIATE INCOME PRODUCING INVESTMENT WITHIN BUSY TOWN CENTRE. Eglinton Street is a busy commercial thoroughfare within Irvine Town Centre, acting as an extension to High Street/Seagate and forming part of the main bus route in 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 40,000 persons.

Irvine is an attractive coastal town in North Ayrshire with an approximate population of around 39,000 people, it is the largest settlement within North Ayrshire. This ensures the town bustles throughout the year but also attracts tourists drawn to explore many championship Golf Courses close by including Turnberry and Royal Troon, as well as many places of much history, one of which is the Scottish. Central Location within the Popular coastal town of Irvine. Recently, Irvine Harbour side's regeneration has been spectacular with a 20 million leisure centre called the Portal and many new residential properties being built. The town itself lies approximately 32 miles south of Glasgow Irvine train station - (0.5 miles)

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Tenancy Details

Type of Agreement:
Length:
Rent: 28,000 per year / 2,333 per month
Yield: 9% (approx)
Tenant: Company
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £279,000

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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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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