Retail | Auction
Full Address: 64 Main Street, Tenanted Investment, Kilbirnie, KA25 7BY
IMMEDIATE INCOMING PRODUCING TOWN CENTRE INVESTMENT Tenanted commercial unit in Prime corner trading spot in the popular Ayrshire town of Kilbirnie.
Rental income of £6,600 per annum giving an exceptional yield for an investor. Large 77.68SQM ( 836 Sqft) Free car parking within 100 yards. PROPERTY FULLY RENOVATED with works completed in August 2022 to an excellent standard throughout with new tenant in place. Trading as hobby/ craft shop and online store, trading nationally. Tenant pays 1 year in advance with rent to be transferred to new owner (on pro-rata basis). Annual rental of £6,600 per annum.
Tenancy Details Type of Agreement: Full Repairing & Insuring (FRI) Length: rolling annual Rent: £6,600 per year / £550 per month Yield: 10.65% (approx) Tenant: Private Individual Notes: Settled tenant, who has invested substantially in shop fit from their own funds.
**In the interest of transparancy. Please note the director of Fast Property Auction Ltd is also the director of the company that owns this property. **
Starting Bid and Reserve Price *Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid / guide price, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction. Auctioneer's Comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Settle within 28 days. If considering buying with any kind of finance, inspect and consider the property carefully with your lender before bidding,
The successful bidder / buyer will pay a 10% deposit plus the auction buyer fee of 2.5%, subject to a minimum of £2500. This is due to be paid immediately after the auction.
You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please Contact us for details. Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England or Northern Ireland. Or Land and Buildings Transaction Tax (LBTT) in Scotland and Land Transaction Tax (LTT) in Wales.
Energy Performance Certificate (EPCs) Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. EPC’s will be provided in the legal pack.
Disclaimer Lot particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No Director or person in this firms employment has the authority to make or give any representation or warranty in respect of the property.