Tenanted commercial investment building

Tenanted commercial investment opportunity comprising a full building over two floors in a prime town centre location, fully let and producing £25,000 per annum. The property occupies an excellent trading position on High Street in the heart of Irvine town centre, one of the principal commercial and retail destinations in North Ayrshire. Irvine is an established coastal town with a strong local residential catchment and a wider commercial influence across the Ayrshire region. The High Street forms an important part of the town's traditional retail and business district, benefiting from a variety of established national retailers, independent businesses, professional services, cafés, restaurants, and leisure facilities. Nearby occupiers include Semichem, Ladbrokes, Iceland, Jobcentre, Morrison's Daily, and Subway. The building is let to Luxury Leisure (trading as Admiral) on a Full Repairing and Insuring (FRI) lease for 10 years from 3 October 2021, with a rent review every 5th year and a reversion in 2031. The current rent is £25,000 per annum, with a tenant break option in October 2026 not exercised, and the 2026 rent review outstanding and capable of being exercised. The upper floor is sublet. The ground floor net internal area extends to approximately 207.6 square meters (2,235 square feet). This is a prime investment property and a perfect addition to any portfolio.