Retail unit

THIS PROPERTY IS BEING SOLD BY LIVESTREAM AUCTION AT 2PM ON THURSDAY, 26TH JUNE. You can bid online, by telephone or by proxy. You must register to bid before 6pm on Wednesday 25th June. How to register: Visit auctionhouse.co,uk/Scotland. Scroll down and click “Register to bid”. This will take you to Passport by EIG, which is where we livestream our auctions. To create an account, click “sign up” and fill in all required details. You will receive an email once your registration is approved. If you need help registering to bid, please call the office. To bid online on auction day: Log back in before 2pm on auction day, navigate to the lot you are interested in and click “bid now”. We are delighted to present to auction this retail unit, offering main street frontage in the Ayrshire town of Dalmellington. Over ground and first floor levels, and extending to approximately 87 sq. metres, the accommodation comprises main trading unit and counter area on the entrance level, with the upper floor offering a studio space with a living area, kitchen and WC. Whilst the upper level is reached by stairs from the rear of the retail area, there is also a separate access to this level from street level to rear. Also included is a small shuttered external area which could suit a number of different uses relevant to the trading business. Some damp issues are evident requiring attention, but this is reflected in the competitive guide price. The property is separately rated for each level, with a cumulative rateable value of £3,950 which means that rates relief may be available. This could be an ideal addition to a commercial portfolio having previously been rented at £375 per calendar month which would produce an attractive rental yield in excess of 18% at guide price, but could equally be an affordable unit for a small business start-up. There may also be potential for conversion to residential subject, of course, to all required permissions. Early expression of interest is recommended for an opportunity that is sure to move quickly.

Tenure

Freehold

Area

The town of Dalmellington in East Ayrshire lies approximately 14 miles to the south east of Ayr. The town offers a range of local amenities including shops, primary and secondary schooling and good transport links to the major road network linking with other nearby towns and villages.

Local Authority

North Ayrshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.