SALE BY ONLINE AUCTION THURSDAY 1ST JUNE 2023 9:00AM. Tenanted 319 sq.ft Commercial unit situated in Saltcoats town centre featuring sales floor and staff area. Great investment opportunity - currently let at £4,500 per annum, with a yield of 14.5% at Guide Price. Ideal turnkey investment with immediate income stream.
• Situated in the heart of Saltcoats, this retail unit comprises part of the ground floor of a three storey building of blockwork construction, rendered externally and having a pitched tiled roof with the upper floors being residential. Current rental income of £4,500 per annum.
• The accommodation is composed of sales area with single wc and tea prep or staff area to the rear of the property. The unit benefits from security shutters over the door and shop front as well as a rear exit leading to a public car park which would be useful for deliveries. There is a gas fired boiler serving a number of radiators.
• The unit is 319 sq.ft in size
• The railway station is in close proximity and the rail / public car park is directly opposite the subjects.
Saltcoats is located on the Ayrshire coast approximately 19 miles from Ayr and 32 miles from Glasgow. The town adjoins Stevenston and Ardrossan. Saltcoats, Stevenson and Ardrossan have a combined population of 32,540.
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Please note, images were taken shortly before the tenant moved in.
Tenanted Commercial Unit
Current Rental Income of £4,500 Per Annum/Yield of 14.5% at Guide Price
Ideal Turnkey Investment with Immediate Income Stream
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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