COVID-19 – Important Auction Information
For Sale By Auction | 14:00, 02 September 2022

153 - 155 High Street, Irvine, KA12 8AD

*Guide | £155,000 (plus fees)

  • Mixed Use
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Fri 02/09/2022

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Mixed use property

We are delighted to present to auction this mixed use property enjoying prime location in central Irvine, North Ayrshire. This C-listed, full terraced building, extends over three storeys with a trading commercial unit on the ground floor, and two vacant residential flats on the first and second floors. The commercial unit (approx. 88 sq.m) is currently trading as two connected salon premises with leases in place until October 2023 and a current rental of £12,000 p.a. On the first and second floors, and accessed by a common close off the High Street, are 2 x well-presented two bedroom flats (each approx. 69 sq.m), currently vacant but with a potential combined rental of £10,172 p.a. at LHA rates. The combined existing and potential rental would represent a fantastic potential rental yield in excess of 14% at Guide Price. Early viewing is essential to fully appreciate the outstanding value on offer.

Tenure

Freehold

Area

Irvine, in North Ayrshire, is one of Scotland's New Towns. The High Street is central to the town's retailing area which offers a wide range of retail and leisure options, with both primary and secondary schooling readily available. Glasgow is around 40 minutes drive, and Irvine train station provides a regular rail service to Ayr, Glasgow and further afield.

Local Authority

North Ayrshire Council

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration/Auction Fee of 3.6% of the purchase price of the property including VAT, subject to a minimum of £3,600 including VAT, unless otherwise stated.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.