Kwik-Fit, 28 Irvine Road Largs North Ayrshire KA30 8HW

Kwik-Fit, 28 Irvine Road
Largs
North Ayrshire
KA30 8HW

Heritable Tyre Depot Investment

  • Let to Kwik-Fit (GB) Limited (guaranteed by Kwik-Fit Holdings Limited) until 2032 (no breaks)
  • Prominent roadside position fronting busy Irvine Road (A78)
  • Nearby occupiers include Morrisons Superstore, Londis and Gulf Petrol Station
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    62
  • Auction
    19th May 2016
  • Rent
    £44,052 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

* More information on the term "guide" can be found here

Heritable Tyre Depot Investment

  • Let to Kwik-Fit (GB) Limited (guaranteed by Kwik-Fit Holdings Limited) until 2032 (no breaks)
  • Prominent roadside position fronting busy Irvine Road (A78)
  • Nearby occupiers include Morrisons Superstore, Londis and Gulf Petrol Station
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 62
  • Auction 19th May 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
21 miles south west of Paisley, 23 miles north west of Kilmarnock and 29 miles west of Glasgow
Roads
A78, A760, A737
Rail
Largs Rail
Air
Glasgow International Airport
Situation

Largs is a popular seaside resort town about 29 miles west of Glasgow adjacent to Clyde Muirshiel Regional Park. The property occupies a prominent roadside location fronting the busy Irvine Road (A78), just 0.3 miles from Largs town centre. Nearby occupiers include Morrisons Superstore, Londis and Gulf Petrol Station.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
21 miles south west of Paisley, 23 miles north west of Kilmarnock and 29 miles west of Glasgow
Roads
A78, A760, A737
Rail
Largs Rail
Air
Glasgow International Airport
Situation

Largs is a popular seaside resort town about 29 miles west of Glasgow adjacent to Clyde Muirshiel Regional Park. The property occupies a prominent roadside location fronting the busy Irvine Road (A78), just 0.3 miles from Largs town centre. Nearby occupiers include Morrisons Superstore, Londis and Gulf Petrol Station.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor tyre depot with reception area and first floor office/ancillary accommodation. The site benefits from a forecourt to park approximately five cars, with additional parking to the side of the property and three roller shutter doors.

The title excludes the residential flats at first and second floors at 4 Blackdales Avenue. Please see the legal pack.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor tyre depot with reception area and first floor office/ancillary accommodation. The site benefits from a forecourt to park approximately five cars, with additional parking to the side of the property and three roller shutter doors.

The title excludes the residential flats at first and second floors at 4 Blackdales Avenue. Please see the legal pack.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Area/sq m (sq ft) Tenant Term Rent p.a.x Reviews
Ground Tyre & Exhaust
Centre
513.65 sq m
(5,529 sq ft)
KWIK-FIT (GB)
LIMITED (1)
(GUARANTEED BY
KWIK-FIT HOLDINGS
LIMITED) (2)
25 years from
20/03/2007 until
19/03/2032 on a full
repairing and insuring
lease
£44,052 20/03/2017 and
five yearly
First Office/Ancillary
293.47 sq m
(3,159 sq ft)
Totals  
807.13 sq m
(8,688 sq ft)
    £44,052 (3)

(1) For the year ending 31st March 2015, Kwik-Fit (GB) Limited reported a turnover of £472,480,000, pre-tax profits of £17,930,000 and a total net worth of £47,325,000. (Source: Experian 04/04/2016)
(2) For the year ending 31st March 2015, Kwik-Fit Holdings Limited reported a total net worth of £28,527,000. (Source: Experian 31/03/2016)
(3) The lease provides fixed rental increase to £44,052 in 2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £44,052 p.a.x. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.19
    File Size
    521 KB
    View PDF
  • Site Plan
    Updated Date
    14.11.19
    File Size
    183 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Dickinson Minto 16 Charlotte Square
Edinburgh
EH2 4DF
Paul Quinn 0131 225 4455paul.quinn@dmws.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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