Tenanted Commercial LOT 199

28 Bridgegate Square, Irvine, KA12 8BJ
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Description

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

Prime Commercial Location 1,546sq ft Ground & 1st Floor. Passing Rent: £13,000p.a.x Lease Held On Personal Name “Oor Wulls” Second Hand Furniture. Expiry 9th October 2025

Estimated Rental Potential of up to £18,000p.a.x in future. The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern

The property is situated on the North side of Bridgegate, within the pedestrianised town centre and a highly visible and busy position within the Ayrshire town of Irvine.

The space offers a prominent dual display window frontage with centrally located double door entrance of aluminium framed and glazed construction.

Internally the property is presented in an open plan layout with recessed L.E.D lighting within the suspended acoustic tile ceiling. Partitions have been erected to the rear to form staff facilities

The property comprises a mid terraced retail space of steel framed and portal construction surmounted by a mansard style roof. The space offers a prominent dual display window frontage with centrally located double door entrance of aluminium framed and glazed construction. Internally the property is presented in an open plan layout with recessed L.E.D lighting within the suspended acoustic tile ceiling. Partitions have been erected to the rear to form staff facilities The first floor is accessed to the rear of the demise via a single staircase providing ancillary showroom space The property is held on a formal licence to occupy with tenants liability reflecting those of a full repairing and insuring lease; Tenant: Personal Name t/a “Oor Wulls” Expiry: 9th October 2025 Passing Rent: £13,000p.a.x (payable weekly) Further: The tenant is well established within the town, this location being a second store along with their first venture on High Street. The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern

Tenancy Details

Type of Agreement:
Length:
Rent: £13,000 per year / £1,083 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes:

Maps & Location

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The property is situated on the North side of Bridgegate, within the pedestrianised town centre and a highly visible and busy position within the Ayrshire town of Irvine. 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 34,000 persons and a catchment of over 135,000 persons. The town lies at the convergence of the A78, A737, A767, and A71 road routes providing road access to Greenock, Ayr, Kilmarnock and Glasgow. Prestwick Airport is located 7 miles south of the town. Neighbouring occupiers include Savers, The Rivergate Shopping Centre, Ramsdens Pawnbrokers, Nationwide Building Society and Irvine Town Hall.

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Pricing Information & Bidding

Opening Bid: £99,000

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Terms & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)

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