ASHGROVE WORKSHOPS

FOR SALEINDUSTRIAL INVESTMENT

Close to Kilwinning town centre and railway station

Popular nest workshop units with on-site car parking

18 units totalling 1,345 sq.m (14,473 sq.ft)

Site of 0.43 Ha (1.06 Ac)

100% rates relief available on all units

ASHGROVE ROAD, KILWINNING, KA13 6PU

Commercial Department15 Miller Road, Ayr, KA7 2AX

01292 268055

Asset management opportunities

Passing rent £61,340 p.a.x

ERV £75,900 p.a.x

Offers of £675,000 are invited, exc. VAT.

LOCATION‘Ashgrove Workshops’ is a well established industrial estate in Kilwinning to the west of the town centre and adjacent to the recently upgraded railway station. The estate lies just off Stevenston Road, a spine road route running through the town.

Kilwinning is a vibrant town with over 16,000 residents and is located within the North Ayrshire region, approximately 30 miles south west of Glasgow and 4 miles north of Irvine. Kilwinning

railway station offers fast and regular services to Ayr, Edinburgh, Glasgow and Stranraer.

DESCRIPTION‘Ashgrove Workshops’ is a ‘nest’ industrial estate of 18 self-contained workshops of varying size with on-site car parking.

Units range from 52 – 104 sq.m. (555 – 1,118 sq.ft.) with a total gross internal floor area of 1,345 sq.m (14,473 sq.ft). The site extends to 0.43 Ha (1.06 Ac), or thereby.

IMPORTANT NOTE

DM Hall for themselves and for the vendors or lessors of this property, whose agents they are, give notice that:

(i) The particulars are set out as a general outline only for the guidance of intended purchasers or lesses and do not constitute, nor constitute part of, an offer or contract.(ii) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any inteded purchasers ot tenants should not rely on them as statement or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.(iii) No person in the emplyment of DM Hall has any authority to make or give any representation or warrenty whatever in relation to the property.(iv) All prices, premiums and rents quoted are exclusive of VAT.(v) The information contained in these particulars has been checked and, unless otherwise stated, it is understood to be materially correct at the date of publication. After these details have been printed, circumstances may change outside our control(vi) These particulars are provided for record purposes only and are not intended to create, nor to be relies upon as creating, any contractual relationship or commitment. Any contract shall only be entered into by way of our clients’ solicitors.

RATINGThe units are individually rated and qualify for 100% rates relief via the Small Business Bonus Scheme, subject to occupier status.

TENANCIESThe units are occupied under full repairing and insuring leases of varying lengths, with asset management and re-gearing opportunities for the new owner.

The passing rent is £61,340 p.a.x with an estimated full rental value of £75,900 p.a.x, exc. VAT and service charges.

PRICEOffers of £675,000 are invited, exclusive of VAT, with a net initial yield of 8.65% and a reversionary yield of 10.70%.

EPCAvailable upon request.

DATE OF PUBLICATIONJanuary 2020

REFERENCEWSA1233

VIEWING & FURTHER INFORMATION

‘Strictly by contacting the sole selling agents:-

Anthony Zdanowicz DM Hall LLP T: 01292 268055 E: anthonyz@dmhall.co.uk

ASHGROVE WORKSHOPSASHGROVE ROAD, KILWINNING, KA13 6PU

Unit Area (sq.m) Area (sq.ft) Tenant Use Expiry Rent (pa) Rate (psf) ERV (£pa)

1 80 857 Paul McCartney Builders storage 18/01/2020 £4,500 £5.25 £4,500

2 80 858 Jonathan Stokes Fire burners 15/03/2020 £4,500 £5.24 £4,500

3 52 555 Adrian Nairn Manufacturer 22/12/2021 £2,800 £5.05 £3,000

4 101 1,085 Jacqueline Lee Hair and beauty 31/07/2016 £4,000 £3.69 £5,400

5 103 1,113 Jason Hill Printer 31/10/2021 £6,000 £5.39 £6,000

6 104 1,118 Vacant £6,000

7-9 211 2,271 Rathmell Archaeologist 30/04/2023 £11,500 £5.06 £12,000

10 52 555 Alan Bathchelor Online business 30/09/2020 £2,800 £5.05 £3,000

11 52 555 David Lyon Storage 28/02/2021 £2,775 £5.00 £3,000

12 52 555 David KerrFurniture manufacture

28/02/2020 £2,775 £5.00 £3,000

13 98 1,050 Karen Wallace Dog training 30/09/2018 £5,500 £5.23 £5,500

14 103 1,108 A C Cossor & Son (Surgical) Ltd

Surgical Equipment

30/11/2020 £5,540 £5.00 £5,600

15 103 1,108 Vacant £5,600

16 52 555 Raymond Bayne Plumber supplies 25/04/2019 £2,900 £5.23 £3,000

17 53 575 Kelly McMahon Fitness Suite 30/03/2019 £3,000 £5.22 £3,000

18 52 555 Mitie plc Asset Management 27/11/2018 £2,750 £4.95 £3,000

Total 1345 14,473 £61,340 £75,900