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*** Former Chinese Take Away Restaurant - CLASS 3 Hot Food Takeaway *** Sure to appeal to landlords looking for a High yielding investment Opportunity, 19% rental yield Potential.
- Comprises - Front and rear main door entrances with security roller shutter, Reception area, kitchen area, toilets and store room.
- Excellent Rental potential of £150 PER WEEK, £7,000 - £8,000 per annum. *** VAT FREE PROPERTY*** IDEAL INVESTMENT PURCHASE.
- Property presented requiring full internal renovation prior to occupation. Historically operated as a hot food Chinese takeaway within the area of Ayrshire district of Cumnock.
- New Cumnock benefits from great access to all of South and East Ayrshire. Popular parade of shops close to high residential area Lloyds Pharmacy,
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Full Details:Hot Food (CLASS 3 permission and Use) TAKE AWAY Restaurant in town centre location. Security roller shutter access and free parking available to the side and rear of the unit. Full Hot food Class 3 consents and permissions in placer for trading. Would generate an excellent rental return and long term investment purchase once tenanted and refurbished. Self contained premises on parade of shops - Freehold sale presented at realistic guide *** Former Chinese Take Away Restaurant *** Comprises - Front and rear main door entrances with security roller shutter, Reception area, kitchen area, toilets and store room. Located on a popular parade of shops beside local community centre and day to day convenience store *** Requires full refurbishment internally *** May be suited to change of use as a storage facility - Full vacant possession available upon completion. PRICE REDUCED for auction sale - Property presented requiring full internal renovation prior to occupation. Historically operated as a hot food Chinese takeaway within the area of Ayrshire district of Cumnock. Presented to the market on freehold sale basis - Renovation Required
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 at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Bid Now Explained...You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Map & Location:
New Cumnock benefits from great access to all of South and East Ayrshire. Local amenities include a number of independent traders and nationals such as the Co-operative supermarket. Transport links are available to Ayr, Kilmarnock and Glasgow. Historically operated as Chinese take away Class 3 Hot food UNIT. Previously operating successfully for a number of years building the business and customer base Popular parade of shops close to high residential area Lloyds Pharmacy, Petrol Station, Bakers *** Busy residential area *** Suitable for Small Business Rate Relief and no VAT is applicable on purchase price ***
Internal Open Viewings...
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime...
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
22 October 2019
Glasgow Radisson Hotel
301 Argyle Street, G2 8DL
Registration...You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.
Legal Packs...All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.
Deposits...If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:
Deposit Method...Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.
How To Bid:
Offer Now...You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person...Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live...If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Download the Telephone Bidders Form
Bid by Proxy... (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...