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16 Windmill Street, Saltcoats, KA21 5EN

667 Sq Ft / Retail

For Sale - £65,000.00

Available - Last updated: 02 February 2019

Ground Floor Retail Unit
Established Location
Full Repairing & Insuring Lease
667sq ft
Expiry: 1st Nov 2022
Passing Rent: £6,600p.a
Price: £65,000 G.I.Y 10.2%
 
Location
 
The subjects are located on the South side of Windmill Street, opposite its junction with Eglinton Street within the town centre of Saltcoats. Saltcoats is located within the "Three Towns" area of North Ayrshire, which includes Ardrossan and Stevenston with a combined population in excess of 33,000persons. The town lies on the A78 road extending North to Largs (13miles), South to Irvine (10miles) and beyond to Ayr (10miles). 
 
The subjects are situated in a mixed commercial and residential area, with a variety of occupiers such as DM Health and Fitness, Public Car Park, Eglinton Diner & The Original Factory Shop.
 
Subjects
 
The subjects comprise a single storey end terrace commercial unit of traditional construction surmounted by a pitched tile roof with twin display windows and recessed entrance. The subjects are secured by way of aluminium roller shutters on the front elevation, with display windows being of timber framed glazed construction.
 
Internally the subjects have been extensively refurbished by the tenant with new laminated timber flooring, upgraded lighting, formation of new treatment rooms along with spray tan room. The subjects benefit from rear door leading to common access yard area.
 
Area
 
The subjects have been measured on a Net Internal Area basis to offer;
 
Ground: 61.97sqm (667sq ft)
 
Investment
 
Tenant: Personal Name t/a Eden Hair & Beauty
Term: Expiry 1st November 2022
Passing Rent: £6,600p.a
Tenant Info: Eden Hair & Beauty has been trading in Saltcoats for over 10years with an extensive and loyal client base. The tenant invested significant personal sums in renovating the subjects following entry.
 
Price
 
Our client is offering their freehold interest in the subjects for £65,000 representing a Gross Initial Yield of 10.2%
 
V.A.T
 
Price quoted are exclusive of V.A.T
 
E.P.C
 
Available on request
 
Title & Lease
 
Copies of title & lease are available on request
 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £65,000.00 NA

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Will Rennie

TSA Property Consultants

0141 538 0192



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