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Tenanted Commercial Property, 32 New Street, Stevenston, KA20 3HF

723 Sq Ft / Retail / Mixed Use

For Sale - £95,000.00

Available - Last updated: 14 October 2024

Large Commercial unit located in the busy thoroughfare of Stevenston, North Ayrshire.

The compact premises extends to approximately 723 feet squared and is tenanted at an excellent rent of £14,400 per annum.

The property comprises of a ground floor retail unit. Internally, the subjects comprise of reception, storage, kitchen and w.c. facilities.

Property has a rateable value of £5,356 making it eligible for the small business relief scheme. Property benefits from being in a busy street in Stevenston, attracting a large footfall.

Sure to appeal to a variety of buyers. Would suit an owner occupier or a commercial landlord looking for a ready let commercial property.

Property currently achieves a gross yield of 11.52% based on a guide price of £125,000. Sure to appeal to a shrewd investor.

The property is currently being used as a successful Indian takeaway however could be used for a variety of other uses such as an office, shop unit, café or more.

Property benefits from being in a busy street in Stevenston, offering a range of commutable benefits and attractions, sure to appeal to landlords looking for an excellent turnkey commercial investment.

Location

Located in a bustling high street in Stevenston, attracting heavy footfall is a well-established Indian Takeaway, Multan Tandoori. The premises is in a compact retail park located close to pubs, restaurants, attraction centres and arcades, this commercial unit offers a large footfall and is not short of customers.

Stevenston, Ayrshire, is a picturesque town nestled amidst the rolling hills and scenic landscapes of southwestern Scotland. Located in the historic county of Ayrshire, Stevenston offers a charming blend of natural beauty, rich history, and warm Scottish hospitality.

As you approach Stevenston, you are greeted by breath-taking views of the surrounding countryside. The town is situated in a verdant valley, surrounded by lush green fields and meandering rivers. The air is crisp and invigorating, carrying the scent of heather and fresh grass, instantly making you feel at home in the Scottish countryside.

Accommodation

Size - 723 sq ft

Terms

Guide Price - £95,000

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

  • Large Commercial unit located in the busy thoroughfare of Stevenston, North Ayrshire.
  • Premises extends to approximately 723 feet squared. Property is currently being tenanted at a monthly rent of £1200 per calendar month.
  • Sure to appeal to a variety of buyers. Would suit an owner occupier or a commercial landlord looking for a ready let commercial property.
  • Property currently achieves a gross yield of 11.52% based on a guide price of £125,000. Sure to appeal to a shrewd investor.
  • Property has a rateable value of £5.356 making it eligible for the small business relief scheme. Property benefits from being in a busy street in Stevenston, attracting a large footfall.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £95,000.00 NA

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Contact agents

John Morris & Luis Guarin

Prime Property Auctions

0141 538 0212

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