Exceptional Commercial/Residential Opportunity located within a prime location in Kilbirnie. **Guide of £130,000***
Commercial & Residential units both included in this sale!
Prime Opportunity for Commercial investors looking for a property in an excellent location with high yield potential. Sure to appeal to investors looking for an affordable commercial investment opportunity.
Combined residential and commercial rental attract an excellent 10.1% gross yield if achieved for the guide price of £130,000. Residential unit on council Tax Band B.
Commercial unit currently operating as a local newsagents with alcohol licence and achieving rental income of 600 pm/ (7200 pa). ***Rateable value £5,300***
Location
Kilbirnie, situated in North Ayrshire, presents a promising investment opportunity with its strategic location and potential for growth. As a historic town with a strong sense of community, Kilbirnie offers a range of investment prospects across various sectors, including real estate, retail, and leisure. Its proximity to major transportation routes and urban centers makes it an attractive destination for businesses and residents alike. Investors can capitalise on Kilbirnie's charm and character by supporting local businesses, infrastructure projects, and community initiatives. Additionally, the town's natural surroundings and recreational amenities provide opportunities for tourism and outdoor leisure developments. Investing in Kilbirnie not only promises financial returns but also contributes to the town's ongoing development and prosperity as a vibrant and thriving community in Scotland.
Accommodation
Residential unit comprises: Hallway Entry, 2 Spacious Bedroom, Bathroom, Kitchen, Living Room and Attic space with ample storage.
Commercial unit comprises: Large shop area, Kitchen Area, WC and Storage area.
Terms
Guide Price - £100,000
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
- Exceptional Commercial/Residential Opportunity located within a prime location in Kilbirnie. **Guide of £130,000***
- Residential unit, 2 bedroom flat, currently tenanted, achieving a rental income of £500 pm/ (£6000 pa). Combined residential and commercial rental attract an excellent 10.1% gross yield if achieved for the guide price of £130,000.
- Commercial unit currently operating as a local newsagents with alcohol licence and achieving rental income of 600 pm/ (7200 pa). ***Rateable value £5,300***
- *** 48, Bathville Road, Kilbirnie, Ayrshire KA25 6AH sold for £90,000. 12, Dennyholm Wynd, Kilbirnie, Ayrshire KA25 6HG previously sold for £95,000. 14, Muirend Street, Kilbirnie, Ayrshire KA25 7DQ sold for £100,000***
- Property is located in a popular location in Kilbirnie. Fantastic Capital growth potential. Sure to appeal to builders/investors looking for Rare auction property.