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Agent's details


For sale: POA|2,131 Sq Ft|Retail, Offices, Office, Retail - High Street

Property details

SIZE2,131 Sq Ft
ADDRESSRamsdens Financial Ltd, 31 Bridgegate, Irvine, North Ayrshire, KA12 8BJ
TYPERetail, Offices, Office, Retail - High Street
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON3rd August 2022


Full Building
Ground & 1st Floor
Town Centre Location
Income Producing Investment
Let to Ramsdens and Solicitor Firm
Passing Rent: £24,750p.a.x
Guide Price: £259,995


The property is situated on the south side of Bridgegate, west of its junction with High Street within a prominent position of Irvine town centre.
Irvine lies 30 miles south west of Glasgow, 15 miles north of Ayr and is the principle town in North Ayrshire with a population of over 34,000 persons and a catchment of over 135,000 persons. The town lies at the convergence of the A78, A737, A767, and A71 road routes providing road access to Greenock, Ayr, Kilmarnock and Glasgow. Prestwick Airport is located 7 miles south of the town. 

Neighbouring occupiers include Brownings Bakers, O2, Nationwide Building Society, Council Offices and the Rivergate Shopping Centre.


The property comprises a 2 storey commercial development surmounted by a pitched roof with dormers.

The demise has been divided to form retail space at ground floor with a partially recessed entrance and display window of timber framed and glazed construction, secured by an aluminium roller shutter.

Internally the property is fit out in accordance with Ramsdens corporate specifications. Lighting is provided by way of L.E.D. panels and halogen spots recessed within the suspended acoustic tile ceiling. The premises offers customer viewing area, with perimeter counter. Partitions have been erected to the rear to form staff room, w.c. facility and store.

The upper floor is accessed via a single timber framed and glazed door, leading to a single staircase to the 1st floor.

The office is laid out with main reception / waiting area with partitioned individual offices along with tea prep and w.c. facilities. The tenant has made use of the attic space with access gained via an internal timber stair, utilised with further storage / office space.

Investment Summary

The property is held on 2 no. full repairing and insuring lease for the ground floor and upper floors.


Tenant: Ramsdens Financial Limited
Expiry: 9th February 2025
Passing Rent: £16,000p.a.x.
Further: The tenant has been in situ since 2012. For the year ended 30th September, 2020, Ramsdens Financial Limited reported a turnover of £76,938,000, a pre-tax profit of £9,179,000, shareholder's funds of £34,578,000 and a net worth of £30,357,000


Tenant: Personal Name t/a Austin Kelly & Co.
Expiry: 30th October 2031
Tenant Break: October 2026 with a break penalty of £7,500 if exercised.
Passing Rent: £8,750
Rent Review: October 2026


The property has been calculated to extend to the following internal floor area;

Ground: 85.5sqm (920sq ft)
1st: 68.55sqm (738sq ft)
2nd: 43.95sqm (473sq ft)

Total: 198sqm (2,131sq ft)


The property is available on a freehold basis for a guide price of £259,995


Available on request


Figures quoted exclusive of Value Added Tax. The property has been elected for V.A.T. as such the transaction will be treated as a T.O.G.C (transfer of a going concern)

Title & Lease

Available on request


Each party shall bear their own legal costs incurred in the transaction

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.


Location: Ramsdens Financial Ltd, 31 Bridgegate, Irvine, North Ayrshire, KA12 8BJ

Irvine (0.3 miles)

Kilwinning (3.3 miles)

Barassie (3.9 miles)

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