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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

SUPER COMMERCIAL INVESTMENT OPPORTUNITY. Single storey shop located in extremely densely populated residential estate within the Ayrshire town of Auchinleck. Sold with long term tenant.

Property is currently let at a reduced rental of £240pcm (£2,880 per annum) but offers realistic potential rental of over £5,000 per annum. Occupies super trading position in BUSY LOCATION.

SUPER SIZE AND LOCATION. Internally the shop measures approximately 42sqm (450sqft) and boasts parking to the front and large, shared car-park to the rear. Potential change of use. Currently Shop.

Potential HOT FOOD LOCATION in excellent trading position (subject to gaining necessary consents). Single storey, flat roof and clearance to the rear make HOT FOOD an excellent prospect.

Auchinleck is approximately 15 minutes from Kilmarnock, 25 minutes from Irvine, 25 minutes from Ayr and 40 minutes from Glasgow City Centre via the A76 and M77 road network. POPULAR LOCATION

SUPER COMMERCIAL INVESTMENT OPPORTUNITY. Single storey shop located in extremely densely populated residential estate within the Ayrshire town of Auchinleck. Potential rental of £450pcm (£5,400 p.a). Property is currently let at a reduced rental of £240pcm (£2,880 per annum) but offers realistic potential rental of over £5,000 per annum. Occupies super trading position in BUSY LOCATION. SUPER SIZE AND LOCATION. Internally the shop measures approximately 42sqm (450sqft) and boasts parking to the front and large, shared car-park to the rear. Potential change of use. Currently Shop. Potential HOT FOOD LOCATION in excellent trading position (subject to gaining necessary consents). Single storey, flat roof and clearance to the rear make HOT FOOD an excellent prospect. Auchinleck is approximately 15 minutes from Kilmarnock, 25 minutes from Irvine, 25 minutes from Ayr and 40 minutes from Glasgow City Centre via the A76 and M77 road network. POPULAR LOCATION

The village of Auchinleck offers a range of amenities including supermarket shopping and primary schooling. Secondary schooling is available in the neighbouring town of Cumnock. For the commuter, the A76 leads onto the A77 which then gives access to Glasgow and the central belt, while Auchinleck train station offers a regular service to the north and south. Auchinleck is a popular East Ayrshire town within commuting distance of Ayr and Kilmarnock. There are local shops and businesses close by, offering village style amenities. The nearest good sized town town is Cumnock. Glasgow is approximately 45 minutes drive away, with access to the M77 within 15 minutes. Cumnock itself boasts a range of amenities including a shopping mall, large supermarket and primary and secondary schooling. This property is ideally suited for first time buyer and/or buy-to-let investors.

Full Address: 34 Well Road, Auchinleck, Ayrshire, KA18 2JZ

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Tenancy Details

Type of Agreement: Basic Lease
Length: rolling
Rent: £2,880 per year / £240 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Long-term tenant since 2010. Low rent for location.

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Pricing Information & Bidding

Opening Bid: £25,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... 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.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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