Tenanted Commercial Property producing an attractive yield at Guide price of £29,000. Property comprises Shop sales area, Kitchen area, W/C and store area. Property extends to 51 square meters.
Property is currently tenanted to a clothes store. The tenant currently pays £210 per month and is on a rolling contract. Potential rental of £450 - £500 per calendar month. This would provide a gross potential yield of 18.6% - 20.6%.
Excellent Investment Opportunity. Sure to appeal to shrewd investors looking for an exceptional opportunity for a tenanted commercial property in an area with great rental growth potential.
Property had roof replaced in 2019, with a 15 year guarantee, along with this the property had internal refurbishment recentl, which shows from the beautiful shop sales area.
Property has a reatable value of £1,900 which qualifies the property for small business rates relief. Sought after street location benefiting from large daily footfall and good sized shop frontage.
Property has a Guide price of £29,000 and is sure to appeal to investors looking for an easily lettable commercial property, which benefits from immediate cashflow.
High yielding investment property.
Location
Girvan, nestled along the stunning Ayrshire coastline in Scotland, offers an enticing blend of natural beauty, rich history, and economic potential. Its picturesque vistas of the Firth of Clyde and the iconic Ailsa Craig, coupled with a strong sense of community, make it an appealing place to call home. With a history dating back to ancient times, Girvan boasts historic landmarks like Turnberry Castle and the Girvan Old Stumpy Lighthouse, adding to its charm. The town's diverse economy, supported by industries such as fishing, agriculture, and tourism, presents promising opportunities for investment. Residents enjoy a balanced lifestyle, with tranquil surroundings, convenient urban amenities, and access to excellent schools and healthcare. Girvan's property market, offering a range of options at relatively affordable prices, further enhances its appeal as a destination for living and investing in
Accommodation
Size - 549 sq ft (51 sq m)
Terms
Guide Price - £29,000
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
- Tenanted Commercial Property producing an attractive yield at Guide price of £29,000.
- Property is currently tenanted to a clothes store. The tenant currently pays £210 per month and is on a rolling contract.
- Potential rental of £450 - £500 per calendar month. This would provide a gross potential yield of 18.6% - 20.6%.
- Excellent Investment Opportunity. Sure to appeal to shrewd investors looking for an exceptional opportunity for a tenanted commercial property in an area with great rental growth potential.
- Property is situated on an attractive main road plot, benefiting from large footfall traffic - ***PRIME COMMERCIAL INVESTMENT LOCATION***