2 Quarry Road Irvine North Ayrshire KA12 0TQ

  • 2 Quarry Road<br>Irvine<br>North Ayrshire<br>KA12 0TQ

2 Quarry Road
Irvine
North Ayrshire
KA12 0TQ

Heritable Restaurant Investment

  • Let to RNT (UK) Limited (t/a Pizza Hut) until 2036 (subject to option)
  • Close proximity to East Road Retail Park
  • Nearby occupiers include Aldi, Boots, Argos and Barnardo’s
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    61
  • Auction
    30th March 2017
  • Rent
    £11,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £166,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Heritable Restaurant Investment

  • Let to RNT (UK) Limited (t/a Pizza Hut) until 2036 (subject to option)
  • Close proximity to East Road Retail Park
  • Nearby occupiers include Aldi, Boots, Argos and Barnardo’s
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 61
  • Auction 30th March 2017
  • Rent £11,500 per Annum Exclusive
  • Status Sold
  • Price £166,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
25 miles south-west of Glasgow, 9 miles west of Kilmarnock
Roads
A77, M77
Rail
Irvine Rail
Air
Prestwick Airport, Glasgow International Airport
Situation

Irvine is one of Scotland's New Towns and is the administrative centre for North Ayrshire Council. The town has a resident population of approximately 33,200 and is the main shopping centre in North Ayrshire. The property is prominently situated on the A736, the main arterial route from the A78 to Irvine Town Centre. The Turf Hotel adjoins the property, with East Road Retail Park also located close by, housing occupiers including Boots, Argos and Barnardo’s. Other nearby occupiers include Aldi, Kwik Fit and Co-operative Funeral Care.

Tenure

Heritable. (Scottish equivalent to English freehold) .

Location
Miles
25 miles south-west of Glasgow, 9 miles west of Kilmarnock
Roads
A77, M77
Rail
Irvine Rail
Air
Prestwick Airport, Glasgow International Airport
Situation

Irvine is one of Scotland's New Towns and is the administrative centre for North Ayrshire Council. The town has a resident population of approximately 33,200 and is the main shopping centre in North Ayrshire. The property is prominently situated on the A736, the main arterial route from the A78 to Irvine Town Centre. The Turf Hotel adjoins the property, with East Road Retail Park also located close by, housing occupiers including Boots, Argos and Barnardo’s. Other nearby occupiers include Aldi, Kwik Fit and Co-operative Funeral Care.

Tenure

Heritable. (Scottish equivalent to English freehold) .

Description

The property comprises a ground floor restaurant.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor restaurant.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground
 Restaurant
98.01 sq m
(1,055 sq ft)
 RNT (UK) LIMITED
t/a Pizza Hut (1)
 20 years from 17/03/2016 until
16/03/2036 (2)
 £11,500
 17/03/2021 and
five yearly
Totals  
98.01 sq m
(1,055 sq ft)
     £11,500
  

(1) Pizza Hut, established in 1958, now have over 700 restaurants and delivery outlets up and down the UK (Source: www.pizzahut.co.uk 28/02/2017).
(2) The lease provides a tenant option to determine on 16/03/2027 subject to 3 months’ notice.

Contacts

Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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