Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

Income Producing Retail Investment, 29-31 Bridgegate, Irvine, KA12 8BJ

2,131 Sq Ft / Retail / General Retail

For Sale - £259,995.00

Available - Last updated: 09 September 2022

The property comprises a 2 storey commercial development surmounted by a pitched roof with dormers.  

The demise has been divided to form retail space at ground floor with a partially recessed entrance and display window of timber framed and glazed construction, secured by an aluminium roller shutter. 

Internally the property is fit out in accordance with Ramsdens corporate specifications. Lighting is provided by way of L.E.D. panels and halogen spots recessed within the suspended acoustic tile ceiling. The premises offers customer viewing area, with perimeter counter. Partitions have been erected to the rear to form staff room, w.c. facility and store.  

The upper floor is accessed via a single timber framed and glazed door, leading to a single staircase to the 1st floor.  

The office is laid out with main reception / waiting area  with partitioned individual offices along with tea prep and w.c. facilities. The tenant has made use of the attic space with access gained via an internal timber stair, utilised with further storage / office space.  

Location

The property is situated on the south side of Bridgegate, west of its junction with High Street within a prominent position of Irvine town centre. 

Irvine lies 30 miles south west of Glasgow, 15 miles north of Ayr and is the principle town in North Ayrshire with a population of over 34,000 persons and a catchment of over 135,000 persons. The town lies at the convergence of the A78, A737, A767, and A71 road routes providing road access to Greenock, Ayr, Kilmarnock and Glasgow. Prestwick Airport is located 7 miles south of the town.  

Neighbouring occupiers include Brownings Bakers, O2, Nationwide Building Society, Council Offices and the Rivergate Shopping Centre. 

Accommodation

The property has been calculated to extend to the following internal floor area; 

Ground: 85.5sqm (920sq ft)

1st: 68.55sqm (738sq ft)

2nd: 43.95sqm (473sq ft) 

Total: 198sqm (2,131sq ft)

Terms

Sale - The property is available on a freehold basis for a guide price of £259,995 

E.P.C - Available on request 

V.A.T - Figures quoted exclusive of Value Added Tax. The property has been elected for V.A.T. as such the transaction will be treated as a T.O.G.C (transfer of a going concern) 

Legal Costs - Each party shall bear their own legal costs incurred in the transaction  

Anti-Money Laundering - In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time. 

Investment Summary - The property is held on 2 no. full repairing and insuring lease for the ground floor and upper floors.  

Ground: 

Tenant: Ramsdens Financial Limited

Expiry: 9th February 2025

Passing Rent: £16,000p.a.x.

Further: The tenant has been in situ since 2012. For the year ended 30th September, 2020, Ramsdens Financial Limited reported a turnover of £76,938,000, a pre-tax profit of £9,179,000, shareholder's funds of £34,578,000 and a net worth of £30,357,000 

Upper: 

Tenant: Personal Name t/a Austin Kelly & Co.

Expiry: 30th October 2031

Tenant Break: October 2026 with a break penalty of £7,500 if exercised.

Passing Rent: £8,750

Rent Review: October 2026 

Specification

  • Full Building
  • Ground & 1st Floor
  • Town Centre Location
  • Income Producing Investment
  • Let to Ramsdens and Solicitor Firm
  • Passing Rent: £24,750p.a.x
  • Guide Price: £259,995

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £259,995.00 NA

Email me updates about similar new properties


Show similar properties

Contact agents

Will Rennie

TSA Property Consultants

0141 538 0192



Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.