vacant former bar and restaurant located within a prime location in Ayrshire.
This property presents a massive opportunity for an owner-occupier or investor to step in and benefit from substantial rental income or utilise the space as their own thriving business. Its proximity to local offices and consistent passing trade further enhances its appeal.
With an impressive potential rental income of £15,000 to £20,000 per annum, this property offers a promising yield of 9% to 12%. It's a fantastic opportunity for the astute investor seeking both capital and rental growth potential.
The property is poised for a swift reopening as a bar or restaurant, with minimal refurbishment needed. Additionally, it benefits from a rateable value of £8,700, qualifying for low rates relief, making it an even more attractive investment.
The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.
Location
Ayrshire is renowned for its stunning coastline and historic sites, offering a vibrant community with excellent transport links and thriving local businesses. It’s an ideal location for both commerce and leisure.
Accommodation
The property comprises a welcoming main entrance, an inviting bar area, a cosy sitting area, a practical back room for storage, and well-maintained toilets.
Terms
Guide Price - £175,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- We are excited to present this vacant former bar and restaurant located within a prime location in Ayrshire.
- The property proves to hold massive value in the potential rental income alone, not to mention the passing trade/ Prime location.**
- This property presents a massive opportunity for an owner-occupier or investor to step in and benefit from substantial rental income or utilise the space as their own thriving business. Its proximity to local offices and consistent passing trade further enhances its appeal.
- With an impressive potential rental income of £15,000 to £20,000 per annum, this property offers a promising yield of 9% to 12%. It's a fantastic opportunity for the astute investor seeking both capital and rental growth potential.
- The property is poised for a swift reopening as a bar or restaurant, with minimal refurbishment needed. Additionally, it benefits from a rateable value of £8,700, qualifying for low rates relief, making it an even more attractive investment.