Commercial investment property let to Tesco

Prime Property Auctions presents a new entry comprising an excellent investment opportunity with a Grade A tenant, Tesco Extra, paying £60,000 per annum. The property has a guide price of £695,000 and is tenanted at £60,000 per annum, producing a gross annual yield of 8.6%. This modern unit has been let to Tesco since 2009, with a new lease signed in November 2023 and a rent review scheduled for January 2029. The large commercial unit extends to approximately 3,916.98 sq ft (363.9 sq m) and has a rateable value of £17,900. This investment is sure to appeal to commercial landlords seeking a sought-after tenant and high-yielding return. The North Ayrshire town of Kilwinning is located approximately 21 miles south of Glasgow and is accessed via the A78, A737, and main Ayrshire railway lines. The subject property occupies the ground floor of a two-storey sandstone terrace on the north side of the high street. Nearby retailers include Co-op, Optical Express, Lloyds Pharmacy, Coral, RS McColl, and Ladbrokes, benefiting from excellent transport links across Ayrshire and South West Scotland.