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Portfolio of commercial premises and flats
Girvan, KA26 - Get Access
2 bed
1 bath
Description
This is an incredible portfolio sale with massive potential, comprising a large commercial premises and two 2-bedroom flats. The ground floor commercial unit occupies approximately 380 square metres and has a history of profitable operation as an amusement arcade, with significant potential for business enhancement. The current owner is retiring and willing to assist with a handover. Planning permission was granted in 2018 (Ref: 18/00548/APP) for the conversion of the ground floor into residential dwellings.
The upper level contains two residential flats. Flat 1 is a large, tenanted property with a hallway, lounge, two bedrooms, kitchen, and bathroom, currently generating £6,000 per annum. Flat 2 is a smaller, vacant flat also with a hallway, lounge, kitchen, two bedrooms, and bathroom, which requires full internal upgrading.
Additionally, there is full-height attic space above the flats and a flat roof over the commercial space at the rear, offering further development potential subject to planning.
Located near Girvan Harbour, the property boasts stunning sea views towards Ailsa Craig. All amusement machines and equipment are owned outright and included in the sale. Previous residential sales evidence includes 51 Knockcushan Street (Nov 21) at £156,500 and 10 Knockcushan Street (Dec 24) at £77,500. The property has development potential for conversion into 5-6 flats over the entire site, subject to planning. Girvan itself is situated in a scenic area of south-west Ayrshire, offering access to golf courses, fishing, walking routes, and proximity to Ayr, Galloway Forest Park, and Culzean Castle.