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Dockhead Street, Saltcoats, KA21

£42,500 pa| £3,542 pcm

Property Description

Full description


LOCATION
Saltcoats is located on the Ayrshire coast approximately 30 miles from Glasgow city centre and approximately 8 miles north west of Irvine. The town has a resident population of approximately 15,000 people and benefits from a wider catchment population in the region of 33,000 people.

The subjects are located on the east side of Dockhead Street, the principal retailing thoroughfare in the town, other occupiers in the vicinity include Greggs, Peacocks, New Look, Boots, Savers and Mackays.

ACCOMMODATION
The subjects comprise a double fronted retail unit arrange over ground and first floor levels and we estimate that the unit extends to the following approximate net internal areas and dimensions:
Internal width 38 ft 8 ins (11.79 m)
Shop depth 65 ft 5 ins (19.94 m)
Ground Floor 2,138 sq ft (198.63 sq m)
First Floor 652 sq ft (60.57 sq m)

LEASE
The property is available on a new full repairing and insuring lease
for a negotiable term incorporating 5 yearly upward only rent reviews.

RATING
We have been verbally advised by the Rates Authority that the rateable value of the subjects with effect from 1 April 2005 is 34,250. (Each new occupier has the right of appeal against this figure).
After transitional relief and based on a rate poundage of 48.1 p, (plus large property supplement of 0.40 p) this rateable value will result in an estimated rates liability in financial year 2009/10 of 16,611.

DATE OF ENTRY
Subject to securing possession from the Administrator.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred during the transaction, with the ingoing tenant responsible for Stamp Duty Land Tax, registration dues and VAT payable thereon.


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