130/132 High Street, Irvine

Tenure:Freehold

Location:
Address:130/132 High Street
Irvine
KA12 8AH

Area:424.7 Sq M

Gregor Brown
T: +44 (0)141 227 2375
E: [email protected]

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Property details

Class 2 Office Investment

  • Let to Arthur J Gallagher Insurance Brokers Ltd
  • 5A1 Dun & Bradstreet Credit Rating
  • New 15 year FRI lease with tenant only break option on 10th anniversary
  • Fixed 12% uplift to £80,640 per annum at fifth anniversary

Offers over £1,000,000 (One million pounds) are invited exclusive of VAT. A purchase at this level shows a net initial yield of 6.84%and reversionary yield of 7.66% based on costs of 5.33%.

 

  • Fully refurbished to a Grade A standard
  • Open plan
  • Comfort cooling
  • MVHR system
  • LG7 compliant lighting
  • 6 car spaces to the rear
  • Male and Female WC’s
  • Kitchen facilities

Irvine is located approximately 30 miles south-west of Glasgow and 7 miles west of Kilmarnock and benefits from excellent road links to the A78, A736, A737 and the A71 that connects with the M77 motorway.  Excellent rail links provide regular daily services to and from Glasgow.

 

 

Ground Floor

  • 292 - 292 Sq M
  • 3 - 3 Sq Ft

First Floor

  • 79 - 79 Sq M
  • 859 - 859 Sq Ft

Second Floor

  • 52 - 52 Sq M
  • 568 - 568 Sq Ft
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Class 2 Consent of the Town and Country Planning (Scotland) Act 1997.

Outright ownership.