The property comprises a linked single storey workshop of masonry construction originally built for the Ministry of Defence
Summary
- New 10 year FRI lease
- VAT free investment
- Income of £11,700 pa
- Offers over £130,000
- Net Initial Yield of 9%
- Rates exempt
- Private parking
Accommodation
The accommodation comprises the following areas:
| Floor/Unit | Building Type | sq ft | sq m |
| Ground | Industrial/Logistics | 1,895 | 176.05 |
Location
Irvine is one of the largest towns in Ayrshire, situated on the coast approximately 13 miles north of Ayr. The subjects are located to the west side of Kyle Road in close proximity to its junction with Ailsa Road.
Kyle Road is the main road route running through the established Irvine Industrial Estate, to the south of Irvine town centre and a short drive from the A78. The immediate area is industrial in its nature.
Irvine Train Station is within easy reach taking less than 5 minutes drive. Occupiers nearby include Ayrshire Blinds, Luminae Design and J & W Carpets.
Get directions from Google Maps
Mainline Stations
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Irvine13 mins
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Barassie56 mins
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Stevenston73 mins
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Kilwinning78 mins
Underground Station
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Chesham6108 mins
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Amersham6146 mins
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Chalfont and Latimer6172 mins
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Chorleywood6206 mins
Further Information
Price Offers in excess of £130,000
EPC Rating This property has been graded as B (26)
Description
The subjects comprise a linked single storey workshop of masonry construction originally built for the Ministry of Defence. The concrete roof is flat and covered in felt. There is a roller shutter and separate pedestrian door at the front of the property.
Internally, there are a number of rooms, workshop spaces and welfare facilities all which have recently been refurbished. The property also benefits from private parking at the front.
Tenancy
The property is let on a 10 year FRI lease that commenced in February 2025 at a rent of £11,700 per annum. There is a lease break option on the 5th anniversary of the lease.
Tenure
Heritable Interest (Scottish equivalent of English Freehold).
Price
Offers over £130,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place.
Based on a rental income of £11,700 per annum, a purchase at this level would reflect a net initial yield of 9%.
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