Excellent Investment Opportunity. GRADE A Tenant. Tesco Extra Paying £60,000 per annum. Property has a Guide price of £750,000, and is tenanted at £60,000 per annum. This produces a Gross annual yield of 8%.
Perfect Investment Property. Modern Unit let to Tesco since 2009. New lease signed November 2023 and there is a Rent Review January 2029.
Tesco is The UK's biggest supermarket chain posted pre-tax profits of £2.3bn, up from £882m, while sales rose by 4.4% to £68.2bn in the year to 24 February. Tesco has more than 330,000 employees and a 27.3% share of the grocery market.
High yielding investment property.
Location
The North Ayrshire town of Kilwinning is located approximately 21 miles to the south of Glasgow. The town is accessed via the A78 and A737 and the main Ayrshire railway lines. The subject property occupies the ground floor of a two storey sandstone terrace on the north side of Kilwinning high street. Nearby retailers include Co- op, Optical Express, Lloyds Pharmacy, Coral, RS McColl and Ladbrokes. Popular North Ayrshire Town of Kilwinning. Excellent transport links across Ayrshire and South West Scotland- 21 miles from Glasgow. Price set to ensure interest and SALE. Popular North Ayrshire Town of Kilwinning. Excellent transport links across Ayrshire and South West Scotland- 21 miles from Glasgow.
Accommodation
Size - 3,916.98 sq ft (363.9 sq m)
Terms
Guide Price - £750,000
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
- Excellent Investment Opportunity. ***GRADE A Tenant. Tesco Extra Paying £60,000 per annum. ***
- Property has a Guide price of £750,000, and is tenanted at £60,000 per annum. This produces a Gross annual yield of 8%.
- Perfect Investment Property. Modern Unit let to Tesco since 2009. New lease signed November 2023 and there is a Rent Review January 2029.
- Large unit extending to 3,916.98 sq ft (363.9 sq m). Property has a rateble value of £17,900.
- Sure to appeal to Commercial Landlord looking for a fantastic investment with a sought after tenant.