No longer on the market
This property is no longer on the market
MapHairdresser and barber shop
Auction
Sold STC
Hairdresser and barber shop
Features and description
- Excellent opportunity to acquire a well positioned commercial investment in the heart of irvine town centre
- This attractive ground floor retail unit is securely let to mutlu turkish barbers, a well established and popular business with a loyal customer base
- High annual rental yield of 15.06% (based on rental yield plus 5% management fee, and on guide price)
FOR SALE BY ONLINE AUCTION WEDNESDAY 23RD OF JULY 2025 AT 9.00AM - *EXCELLENT OPPORTUNITY TO ACQUIRE A WELL POSITIONED COMMERCIAL INVESTMENT IN THE HEART OF IRVINE TOWN CENTRE*THIS ATTRACTIVE GROUND FLOOR RETAIL UNIT IS SECURELY LET TO MUTLU TURKISH BARBERS, A WELL ESTABLISHED AND POPULAR BUSINESS WITH A LOYAL CUSTOMER BASE*HIGH ANNUAL RENTAL YIELD OF 15.06% (BASED ON RENTAL YIELD PLUS 5% MANAGEMENT FEE, AND ON GUIDE PRICE)*
*KEY FEATURES*
- Location: Prominently situated on Bank Street, a busy thoroughfare benefiting from high pedestrian and vehicular traffic. The property is just a short walk from Irvine's main shopping areas and transport links.
- Tenant: Let to Mutlu Turkish Barbers, a reputable and thriving barbershop known for its high-quality service and steady clientele.
- Accommodation: Comprising a well-presented ground-floor unit with modern interior fit-out, the space is ideally suited for continued retail/barbershop use.
- Investment Security: The lease provides stable and reliable rental income with potential for future uplift.
- Rental income of £776.83 per calendar month, plus 5% management fee. All rents are up to date.
- Surrounding Occupiers: Nearby businesses include national and independent retailers, food outlets, and professional services, reinforcing the location's appeal as a commercial hub.
*This is a hassle-free, income-generating asset ideal for investors seeking a hands-off commercial property in a busy town centre location.*
*RECENT NEARBY RESIDENTIAL PROPERTY SALES*
- 45, Mill Road, Irvine, Ayrshire, KA12 8JP - 3 Bedroom - SOLD January 2025 - £195,000
- 62J, Bank Street, Irvine, Ayrshire, KA12 0LP - 3 Bedroom - SOLD January 2025 - £193,000
- 80, Sillars Meadow, Irvine, Ayrshire, KA12 0LZ - 2 Bedroom - SOLD February 2025 - £171,500
*Irvine is based within the North Ayrshire region, approximately 35 miles south west of Glasgow. The nearby A78 and A71 roads provide ready access to Kilwinning, Prestwick and Kilmarnock. Irvine railway station, with regular services to Glasgow and Ayr, is handily located.* Irvine has a population of around 34,000* The town was once a haunt of Robert Burns, after whom two streets in the town are named: Burns Street and Burns Crescent. *The harbour for Irvine has a long history and once was one of the most prominent ports in Scotland after Glasgow.*Irvine was officially designated, in 1966, the fifth and last new town to be developed in Scotland and the only one to be located on the coast.*
GUIDE PRICE - £65,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
*KEY FEATURES*
- Location: Prominently situated on Bank Street, a busy thoroughfare benefiting from high pedestrian and vehicular traffic. The property is just a short walk from Irvine's main shopping areas and transport links.
- Tenant: Let to Mutlu Turkish Barbers, a reputable and thriving barbershop known for its high-quality service and steady clientele.
- Accommodation: Comprising a well-presented ground-floor unit with modern interior fit-out, the space is ideally suited for continued retail/barbershop use.
- Investment Security: The lease provides stable and reliable rental income with potential for future uplift.
- Rental income of £776.83 per calendar month, plus 5% management fee. All rents are up to date.
- Surrounding Occupiers: Nearby businesses include national and independent retailers, food outlets, and professional services, reinforcing the location's appeal as a commercial hub.
*This is a hassle-free, income-generating asset ideal for investors seeking a hands-off commercial property in a busy town centre location.*
*RECENT NEARBY RESIDENTIAL PROPERTY SALES*
- 45, Mill Road, Irvine, Ayrshire, KA12 8JP - 3 Bedroom - SOLD January 2025 - £195,000
- 62J, Bank Street, Irvine, Ayrshire, KA12 0LP - 3 Bedroom - SOLD January 2025 - £193,000
- 80, Sillars Meadow, Irvine, Ayrshire, KA12 0LZ - 2 Bedroom - SOLD February 2025 - £171,500
*Irvine is based within the North Ayrshire region, approximately 35 miles south west of Glasgow. The nearby A78 and A71 roads provide ready access to Kilwinning, Prestwick and Kilmarnock. Irvine railway station, with regular services to Glasgow and Ayr, is handily located.* Irvine has a population of around 34,000* The town was once a haunt of Robert Burns, after whom two streets in the town are named: Burns Street and Burns Crescent. *The harbour for Irvine has a long history and once was one of the most prominent ports in Scotland after Glasgow.*Irvine was officially designated, in 1966, the fifth and last new town to be developed in Scotland and the only one to be located on the coast.*
GUIDE PRICE - £65,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
About this agent
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