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Convenience store for sale

Turnpike Road, Montgomerie Park KA11 2FB

Fixed Price
£2,375,000

£593.75 per sq ft

Business rates & charges may apply

Wetherby Property, Leeds
SIZE AVAILABLE

4,000 sq ft

372 sq m

SECTOR

Convenience store for sale

USE CLASSUse class orders: Class E

E

Key features

  • Prominent convenience store investment.
  • Located on Turnpike Lane adjacent to Montgomerie Park a new development of 1000 new homes together with supporting educational and retail premises.
  • Anchored by the unrivalled covenant of Tesco Stores Limited ,the UK's largest supermarket chain ( by market share) together with Zest ECO Ltd , InPost UK Ltd and Parcel Locker Company Ltd (Royal Mail)
  • A new unbroken 15 year FRI lease to Tesco Stores Limited.
  • Total initial combined rental £132,500 per annum.
  • Excellent income profile with all rents linked to CPI ( subject to caps and collars ).
  • Rent Commencement September 2026.

Description

LOCATION
Irvine is a coastal town in North Ayrshire, on the west coast of Scotland. It lies on the Firth of Clyde, overlooking Irvine Bay, and is part of the historic county of Ayrshire. The town is situated on low-lying coastal land, with the River Irvine and the Annick Water flowing through the area.
Irvine is about 25 miles (40 km) southwest of Glasgow, making it part of the wider west-central Scot- land region and within commuting distance of the city. It sits near
neighbouring coastal towns such as Kilwinning, Stevenston, Saltcoats, and Ardrossan, and has direct access to both rail and road links along the Clyde coast.
The population of Irvine is 33,998 people, according to the 2022 Scottish Census.

SITUATION
Montgomerie Park, Irvine is a modern residential area and large housing development located on the north-east side of Irvine. It is one of the town's newer neighbourhoods and has been developed since the 2000s.
The area consists primarily of family housing, including a mix of private homes and affordable housing, built by developers such as Bellway and in partnership with North Ayrshire Council and housing associations. Montgomerie Park has been planned as a self-contained community, with landscaped streets, open green spaces, sustainable drainage ponds, and local amenities nearby.
Montgomerie Park is well connected, with road access via Long Drive and the A736, and lies within 10 minutes' drive from Irvine town centre, making it popular with families and commuters, including those travelling to Glasgow. It has also been designated as part of a Simplified Planning Zone, allowing for continued residential growth and future development.

PROPERTY DESCRIPTION
The property will comprise a new build single storey convenience store extending in total to 4,000 sq ft (GIA). The building is of steel frame construction beneath a pitched tiled roof with painted brick elevations.
Externally the site extends to .35 acres and there is pedestrian access from Bowerham Road with vehicular access via Newsham Road, with parking spaces for 19 vehicles. The property was granted planning consent in April 2024 (ref: 23/03107/FUL).
Practical completion of the development is scheduled to take place in January 2026. A full suite of warranties will be available to the purchaser.

TENANCIES
The property is to be let to Tesco Stores Limited, Zest Eco Limited and InPost UK Limited for terms on full repairing and insuring terms.

Brochures

Turnpike Road, Montgomerie Park KA11 2FB

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Irvine Station1.7 miles
  • Kilwinning Station2.9 miles
  • Stevenston Station3.9 miles

About Wetherby Property, Leeds

The Nidd Suite, Brunswick Court, Victoria Steet, Wetherby, LS22 6RE

Notes

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Disclaimer - Property reference Irvine. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Wetherby Property, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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