For Sale By Auction | 14:00, 19 September 2019

2, Craighouse Square, Kilbirnie, North Ayrshire, KA25 7AF

*Guide | £25,000+ (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 19/09/2019

Auction Time

14:00

Auction Venue

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

Retail Unit

This ground floor retail unit enjoys central location within the North Ayrshire town of Kilbirnie. The property is being sold with a tenant in situ (Nina's Barbers) with the current lease running until 31st August 2020 and with an annual rent of £3,640 offering an attractive rental yield of 14.6% from day one. The tenant has been trading for around 15 years and has built a strong local business. The property comprises one main operating area totalling approximately 13.5 sq. metres (146 sq. feet) with a currently published rateable value of £750. The keenly positioned Guide Price and rental income from day one makes this opportunity an ideal addition to a commercial portfolio and early expression of interest is recommended.

Tenure

Freehold

Tenant in situ

Rental return from day one

Live lease running to 31st August 2020

Current rental of £3,640 per annum

Well established tenant business

Area

Kilbirnie is a small town in North Ayrshire approximately 20 miles south west of Glasgow. It is easily accessible by road via the M8 and A737, it has a host of great local amenities including a health centre and well-known supermarket. The village of Kilbirnie allows easy access to Glasgow via road and rail it is also conveniently located for both Glasgow and Prestwick Airports. The popular coastal town of Largs with an abundance of recreational facilities including restaurants, shops and tourist hotspots is easily reached by car.

Local Authority

North Ayrshire Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

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