- Three Storey Public House
- Two residential Flats
- Rent: £27,000 PA
- High Street Location
- Lease until 2033
House for sale in Irvine
Exceptional three storey high street investment
This property is a three storey public house located on the east side of the Irvine High Street. The full building is held on an F.R.I Lease which is set to expire in January 2033 with the property currently achieving £27,000 per annum and it rising to £33,000 by January 2030. Additionally, the property has been extended at the rear to occupy two further apartments to let.
This portfolio acts as a great investment with its high rental returns. If purchased at its attractive guide price of £175,000, you would be looking at an outstanding yield of 15.4%.
Located in a prominent position of Irvine town centre, with a high footfall and passing trade. Irvine is the principle town in North Ayrshire with a population of over 34,000 and catchment of 135,000 people. The town lies at the convergence of the A78, A737, A767 and A71 roads, providing access to Greenock, Ayr, Kilmarnock and Glasgow. Neighbouring occupiers include Brownings Bakers, Nationwide Building Society, North Ayrshire Council offices and Rivergate Shopping Centre.
For further information please contact The Wilsons Auctions Property Department.
Property Ref: WAD250048
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