Commercial with Residential Development Potential, 32 Eglinton Street, Irvine, KA12 8AS

Property comprises: 2 large recently renovated studios with spotlights, fully kitted bathroom (including shower) and hallway.    

Property was previously occupied by a successful hair and beauty business. The property would lend itself to a variety of uses, such as office, shop unit, café or more. There could be potential to run as a hot food takeaway (subject to researching and gaining the necessary consents).

Property could command a rent of £6,000 per annum giving it an impressive yield of 13.3% based on the guide price of £45,000. Would suit a commercial landlord looking for an easily lettable commercial investment. Would suit an owner occupier or a commercial landlord looking for an easily lettable commercial property.

Location

Irvine is one of the largest Towns in Ayrshire southwest Scotland, on the coast about 13 miles north of Ayr, with a long Sandy Beach, Boat Museum, Country Park, and a good selection of Bar Diners and Restaurants. Irvine stretches from the area of Gailes in the south, with some top Links Golf Courses, to Eglinton Country Park 4 miles north. The Main Street in the centre of Town, and the large Rivergate Shopping Centre next to the Main Street, are the busiest parts of Town, with a good selection of Shops and Diners. The Train Station is next to the Rivergate Shopping Centre, with the Harbour and Beach to the west of the Train Station. The Beach is long with Fine Sand and the Grassland alongside is miles long. The beach area has free parking for hundreds of cars.

Accommodation

Size - 1,000 sq ft

Terms

Guide Price - £45,000

Specification

• Prime development opportunity. COMMERCIAL TO RESIDENTIAL CONVERSION potential, subject to gaining necessary planning permission from the local authority. Excellent sales evidence of similar sized properties: *** 35 Bank Street, Irvine, Ayrshire, KA12 0LP previously sold for £100,000, 85 East Road, Irvine, KA12 0AA previously sold for £100,000 ***  
• Would also suit an owner occupier – previous occupier was a successful hair and beauty business. Unit extends to approximately 1,000 Sq Ft and qualifies for 100% BUSINESS RATES RELIEF. 
• Property could command a rent of £6,000 per annum giving it an impressive yield of 13.3% based on the guide price of £45,000. Would suit a commercial landlord looking for an easily lettable commercial investment. 
• Property comprises: 2 large studios, fully kitted bathroom and hallway. Would suit business owner looking for an office or a shop unit. Property benefits from good footfall with its central location.