Category B Listed building (no vacant rates payable)
Close to town centre and amenities
Generous on site car parking
Gross income £83,326 p.a.x.
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 127
Auction 13th October 2016
Rent £83,326 per Annum Exclusive
Status Sold
Price £500,000
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
30 miles south west of Glasgow
15 miles north of Ayr
Roads
M77, A78
Rail
Irvine Rail
Air
Prestwick Airport, Glasgow International Airport
Situation
Irvine is a former New Town located in the west of Scotland some 30 miles south-west of Glasgow and 15 miles north of Ayr. The town enjoys good road connections to the M77 motorway. The property is located in a prominent position overlooking Maress Road, a dual carriageway inner ring and one of the town's main thoroughfares, leading from Rivergate shopping centre to Kilwinning
Road. Irvine Sports Club playing fields and the river Irvine are located across the road from the property and linked by a footbridge.
Tenure
Heritable. (Scottish equivalent of English Freehold)
Location
Miles
30 miles south west of Glasgow
15 miles north of Ayr
Roads
M77, A78
Rail
Irvine Rail
Air
Prestwick Airport, Glasgow International Airport
Situation
Irvine is a former New Town located in the west of Scotland some 30 miles south-west of Glasgow and 15 miles north of Ayr. The town enjoys good road connections to the M77 motorway. The property is located in a prominent position overlooking Maress Road, a dual carriageway inner ring and one of the town's main thoroughfares, leading from Rivergate shopping centre to Kilwinning
Road. Irvine Sports Club playing fields and the river Irvine are located across the road from the property and linked by a footbridge.
Tenure
Heritable. (Scottish equivalent of English Freehold)
Description
The subjects comprise the former Irvine Royal Academy, a sandstone period building providing two floors of offices. A major refurbishment program has been carried out to the property. There is disabled access, a passenger lift serving the first floor and private on site parking with 42 spaces.
The office suites vary in size and have perimeter trunking and central heating.
The EPC will be available to view online in the solicitor’s legal pack.
Description
The subjects comprise the former Irvine Royal Academy, a sandstone period building providing two floors of offices. A major refurbishment program has been carried out to the property. There is disabled access, a passenger lift serving the first floor and private on site parking with 42 spaces.
The office suites vary in size and have perimeter trunking and central heating.
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Accommodation
Use
Floor Areas (Approx)
Tenant
Term
Rent (gross)
Review/(Reversion)
Suite 1
Office
227.98 sq m
(2,454 sq ft)
ANCHO LIMITED
10 years from 30/09/2010
£19,630
(29/09/2020)
Suite 1a
Office
60.85 sq m
(655 sq ft)
VACANT
Suite 2
Office
124.12 sq m
(1,336 sq ft)
VICTIM SUPPORT SCOTLAND (1)
1 year from 05/04/2016
£14,000
(05/04/2017)
Suite 2a
Office
23.59 sq m
(254 sq ft)
VACANT
Suite 3
Office
144.92 sq m
(1,560 sq ft)
SCOTTISH CHILDREN’S REPORTER ADMINISTRATION
5 years from 13/06/2016
£12,500
(12/06/2021)
Suite 4
Office
130.43 sq m
(1,404 sq ft)
PROVIDENT FINANCIAL MANAGEMENT SERVICES LTD
5 years from 01/04/2013
£9,000
(31/03/2018)
Suite 5
Office
44.59 sq m
(480 sq ft)
1ST HOME CARE LTD
5 years from 01/07/2016 (2)
£3,840
01/07/2019 (01/07/2021)
Suite 5a
Office
26.19 sq m
(282 sq ft)
1ST HOME CARE LTD
5 years from 01/07/2016 (3)
£2,256
01/07/2019 (01/07/2021)
Suite 6
Office
122.44 sq m
(1,318 sq ft)
SOUTH WEST SCOTLAND COMMUNITY JUSTICE AUTHORITY
5 years from 07/08/2011 (6)
£11,200
(06/08/2017)
Suite 7
Office
63.92 sq m
(688 sq ft)
VACANT
Suite 8
Office
51.09 sq m
(550 sq ft)
VACANT
Suite 9
Office
126.62 sq m
(1,363 sq ft)
CORNERSTONE COMMUNITY CARE
5 years from 02/09/2013
£10,900
01/04/2017 (4) (01/09/2018)
Suite 10
Office
62.24 sq m
(670 sq ft)
VACANT
Totals
1,209.03 sq m
(13,014 sq ft)
£83,326 (5)
(1) Victim Support Scotland occupy suite 2 by way of a licence. This licence is currently running on a tacit relocation basis for the period 05/04/2016 to 04/04/2017. (2) There is a tenant break option on 01/07/2019 (3) There is a tenant break option on 01/07/2019 (4) There is a tenant break option on 01/04/2017. Note, if the break is not exercised there is a rent free period for a period of one calendar month. (5) The net income totals £52,931.93 pa after all landlord’s void and holding costs. Please refer to the legal pack for further information. (6) South West Scotland Community Justice Authority remain in occupation by way of tacit relocation.
