Third Avenue, Irvine, Ayrshire, KA12

Substantial Warehouse & Showroom
Dedicated Car Park & Loading Yard
Held On F.R.I Lease
Ltd Company Tied With Local Housing Assc.
Expiry: 2033
Passing Rent: £60,000p.a
Sale: o/o £625,000

Location

Irvine is the principal town in North Ayrshire located approximately 30 miles south- west of Glasgow and 7 miles west of Kilmarnock. It has a population in the order of 33,698 people (2011 Census) and makes up over 25% of the wider North Ayrshire population totalling some 134,146 people.

The area has a strong manufacturing and engineering tradition benefiting from its location on the west coast of Scotland and excellent road and rail communications, being close to the A78, A736, A737 and A71 trunk road with direct access to the M77 motorway to Glasgow. Glasgow Airport is located approximately 25 miles to the north-east of the town and Glasgow Prestwick International Airport is situated only 9 miles to the south.

Property

The property comprises a triple industrial warehouse partitioned to form main retaining and showroom area with office, tea prep and w.c facilities with the remainder of the warehouse space providing stores, prep and distribution area with full height vehicle access for undercover loading and unloading.

The site benefits from an enclose car park and van store with yard area.

Area

The property extends to the following gross internal area;

1,626sqm (17,500sq ft)

Lease Summary

The property is held on a full repairing and insuring head lease

Tenant: Cunningham Furniture Recycling Company Ltd (in Assc. with Cunningham Housing Association)
Expiry: 23rd June 2033
Review & Break: 24th June 2028
Passing Rent: £60,000p.a

Price

The property is available on a freehold basis for offers over £625,000

V.A.T

Figures quoted exclusive of V.A.T

Legal

Each party shall bear their own legal costs incurred in the transaction

Lease & Title

Available on request

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

A.M.L

In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time