Tenanted Commercial Property LOT 129

5 Bath Street, Largs, Ayrshire, KA30 8BL
OPENING BID

Timed Online Auction

30 July 2021, 10am-4pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 5 Bath Street, Largs, Ayrshire, KA30 8BL

PRIME TENANTED 2 STOREY COMMERCIAL PREMISES let to Wilkies Ltd on a 10 Year FRI Lease basis with annual rental of £16,995. Fantastic Investment Opportunity with major national tenant in place. Total internal area 331.95sqm (3,573sq ft).

The property is situated on the east side of Bath Street at its junction with the A78 within the main commercial precinct of Largs.

Tenant: Wilkies Limited Term: 1st July 2015 - 30th June 2025 Rent: £16,995per annum

The property has been measured on a net internal area basis and calculated to extend to the following areas: Ground: 162.11sqm (1,745sq ft) 1st Floor: 169.84sqm (1,828sq ft) Total: 331.95sqm (3,573sq ft)

Largs railway station, directly opposite the subjects, has regular services to Glasgow. As the gateway to the Isles of Cumbrae, the nearby ferry terminal handles some 750,000 passengers annually. Neighbouring occupiers include Nardiniís, Geraldos Gelato, Bank of Scotland & Costa Coffee.

TOWN CENTRE FULL BUILDING LET RETAIL INVESTMENT TENANT: WILKIES LIMITED EXPIRY: 30th JUNE 2025 PASSING RENT: £16,995p.a The property comprises a substantial 2 storey commercial development of steel framed construction surmounted by a flat roof overlaid in bituminous felt. The unit benefits from a prominent glazed frontage with extensive display windows with access gained via a partially recessed entrance leading to an open plan sales area. The first floor is accessed via an open staircase with single return offering further sales area, storage and staff facilities. Lighting is provided by way of fluorescent strips recessed within a suspended acoustic tile ceiling. Area The property has been measured on a net internal area basis and calculated to extend to the following areas: Ground: 162.11sqm (1,745sq ft) 1st Floor: 169.84sqm (1,828sq ft) Total: 331.95sqm (3,573sq ft) Executive Summary Tenant: Wilkies Limited Term: 1st July 2015 - 30th June 2025 Rent: £16,995per annum

The property is situated on the east side of Bath Street at its junction with the A78 within the main commercial precinct of Largs. Largs is located within North Ayrshire region and has a population of 11,000 persons. The town lies on the A78 road route extending north to Greenock (15 miles) and south to Irvine (20 miles). The A760 extends east on to the A737 at Beith, providing road access to Glasgow (33 miles). Largs railway station, directly opposite the subjects, has regular services to Glasgow. As the gateway to the Isles of Cumbrae, the nearby ferry terminal handles some 750,000 passengers annually. Neighbouring occupiers include Nardiniís, Geraldos Gelato, Bank of Scotland & Costa Coffee.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2025
Rent: £16,995 per year / £1,416 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Tenant: Wilkies Limited Term: 1st July 2015 - 30th June 2025 Rent: £16,995per annum

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Location

Pricing Information & Bidding

Opening Bid: £170,000

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).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 30 July 2021, 10am-4pm
Type: Timed Online Auction

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