The subjects comprise a single storey shed formed in brick with rendered finish and surmounted by a pitched roof clad in profile sheeting
Location
The subjects are located on Shewalton Road an established commercial location to the south of Irvine town centre. Irvine is the principal settlement within the North Ayrshire Council area having a resident population of around 33,200.
Accommodation
TOTAL 529.52 sq m (5,698sq ft )
Terms
RATING ASSESSMENT The property is currently entered in the Valuation Roll as follows: RV £15,500 25% rates remission may be available to qualifying occupiers under the Small Business Bonus Scheme.
ENERGY PERFORMANCE CERTIFICATE A copy of the EPC is available upon request.
LEASE The property is let on internal repairing and insuring terms for a period of 5 years from 1st September 2021 at a passing rent of £19,200 per annum. A copy of the lease is available upon request.
PRICE Offers over £150,000. The asking price reflects a Net Initial Yield of 12.6%.
COSTS Each party will be responsible for their own legal costs incurred in the transaction with the tenant being responsible for tax and registration dues in the normal fashion.
VALUE ADDED TAX All prices, rents and premiums, where quoted, are exclusive of VAT. Prospective purchasers/lessees are advised to satisfy themselves independently as to the incident of Value Added Tax in respect of this transaction.
Specification
- WITHIN ESTABLISHED INDUSTRIAL LOCATION
- 529.52 SQ. M. (5,698 SQ. FT.)
- PASSING RENT £19,200 PER ANNUM
- LET UNTIL AUGUST 2026
- OFFERS OVER £150,000