5 Bridgegate, Irvine, KA12 8BJ

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Future Property Auctions hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 11 Oct 2026.
• Guide cut from £59,000 to £51,000 (14% lower), 18 Oct 2026.

Future Property Auctions' record

About the lot

Freehold industrial lot in Irvine. Producing £10,500 a year, a 18.0% gross yield at the guide.

Commercial Investment. ***INCOME PRODUCING COMMERCIAL INVESTMENT***Full building - Ground & First floor Total 47.49sqm (511sq ft) Let to E-Cigarette Retailer. Running On Tacit. Passing Rent: £10,500p.a. The property extends to the following new internal floor area; Ground: 20.45sqm (220sq ft). 1st: 27.04sqm (291sq ft). Total: 47.49sqm (511sq ft). NAV/RV: £7,800. The property is held on lease to E Cigarette Outlet (UK) Ltd having expired in August 2024 the lease is now running on tacit relocation. The tenant currently pays £10,500p.a. Internally the property offers an open plan retailing area at ground floor with access to first floor from the rear of the demise providing storage space. W.C. facilities are located at ground floor. Bridgegate is located in the heart of the town. As a central pedestrianised street, it plays a vital role in Irvine’s shopping and social life. Rivergate Shopping Centre is close by. ***INCOME PRODUCING COMMERCIAL INVESTMENT***Full building - Ground & First floor Total 47.49sqm (511sq ft) Let to E-Cigarette Retailer. Running On Tacit. Passing Rent: £10,500p.a. The property extends to the following new internal floor area; Ground: 20.45sqm (220sq ft). 1st: 27.04sqm (291sq ft). Total: 47.49sqm (511sq ft). NAV/RV: £7,800. The property is held on lease to E Cigarette Outlet (UK) Ltd having expired in August 2024 the lease is now running on tacit relocation. The tenant currently pays £10,500p.a. Internally the property offers an open plan retailing area at ground floor with access to first floor from the rear of the demise providing storage space. W.C. facilities are located at ground floor. Bridgegate is located in the heart of the town. As a central pedestrianised street, it plays a vital role in Irvine’s shopping and social life. Rivergate Shopping Centre is close by. Tenancy: Type of Agreement: Full Repairing & Insuring (FRI). Length: Rolling lease. Rent: £10,500 per year / £875 per month. Yield: 21% (approx). Tenant: Private Individual. Notes: Let to E-Cigarette Retailer. Running On Tacit. Passing Rent: £10,500p.a. The property is situated on the south side of Bridgegate close to its junction with High Street within the main commercial centre of the town. 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.