• Town Centre Parade with very generous ancillary car parking
• Fully let with 48% of income from Lloyds Pharmacy & Ladbrokes
• Asset management & development opportunities
• Passing rent £72,250 p.a.x
• Offers over £675,000 exc invited
• Net initial yield of 10.21%
Location
New Street Shopping Centre lies within the heart of
Stevenston Town Centre close to local bus routes on
Boglemart Street (B780), the main arterial route running
through the town leading west to Saltcoats (2miles) and
east to A78 (1 mile). Stevenston railway station is a short
walk from the property. Stevenston Library, Three Towns
Dental Care Health Centre and Three Towns Care Home
are located adjacent.
Stevenston, a town of over 9000 residents lies within
North Ayrshire region and has a catchment of over 33,000
persons within the ‘Three Towns’ area incorporating
Saltcoats and Ardrossan. The town lies 5 miles north of
Irvine and 30 miles south west of Glasgow.
Accommodation
The Centre comprise a parade of part single and part
two storey buildings with the subjects contained on the
ground floor, comprising of five commercial units and two
residential flats together with a large surfaced car park
accessed off Afton Road offering 40 free car spaces.
Terms
PRICE
Offers over £675,000 are invited for our client’s heritable
interest, which represents a net initial yield of 10.21%
assuming purchaser costs at 4.86%.
VAT
We are advised that the property has been elected for
VAT. All rents and prices are quoted exclusive of VAT.