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    Key features

    • Investment let at £4,500 p.a. (16.07% GIY on Guide price)
    • A retail unit with rear access to a public car park.
    • Located in the town centre of Saltcoats close to the railway station and car parks
    • No VAT
    • 6 week completion available

    Description

    A retail unit comprises part of the ground floor of a three storey building of blockwork construction, rendered externally and having a pitched tiled roof. The upper floors are in residential use.

    There is a rear exit which leads to a public car park which would be useful for deliveries.


    Additional information

    Tenure

    Feuhold (Scottish Equivalent of Freehold)

    Accommodation

    The accommodation comprises sales area with single WC and tea prep / staff area to the rear.

    There are security shutters over the door and shop front.


    Tenancy

    39 Vernon Street

    • Let to Otomax Limited
    • Let on 12 month lease from the 06/10/2022
    • Investment let at £4,500 p.a.

    Rent

    £4,500 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Saltcoats is located on the Ayrshire coast approximately 19 miles from Ayr and 32 miles from Glasgow.

      The town adjoins Stevenston and Ardrossan, known as “the three towns” they have a combined population of around 35000. Vernon Street is located in the town centre, close to the main commercial thoroughfares.

      The railway station is in close proximity and the rail / public car park is directly opposite the subjects.

      Transport

      National Rail - Saltcoats (ScotRail)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums