34-40 Bridgegate, Portfolio of 3 Retail Units, Irvine, KA12 2BJ

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 £68,000 to £63,000 (7% lower), 15 Oct 2026.

Future Property Auctions' record

About the lot

Freehold retail lot in Irvine. Producing £14,000 a year, a 19.2% gross yield at the guide.

Commercial Investment. 3 COMMERCIAL UNITS Prime Town Centre Location comprising 8,217sq ft in total. PART INCOME PRODUCING Class 1/2 Retail Space with Hot Food Potential. Rent potetial £55-60,000 annually when full let. 34 Bridgegate. Ground: 150.4sqm (1,619sq ft). 1st: 113.9sqm (1,226sq ft). Total: 264sqm (2,845sq ft). Currently Vacant. ESTIMATED RENTAL VALUE = £22,000p.a. 36 Bridgegate. Ground: 110.56sqm (1,190sq ft). 1st: 67.27sqm (724sq ft). Total: 177.83sqm (1,914sq ft). Held on F.R.I Lease Expiry: April 2029 (Tenant had option to extend lease) Passing Rent: £14,000pa. 38-40 Bridgegate. Ground: 188.13sqm (2,025sq ft). 1st: 133.13sqm (1,433sq ft). Total: 321.26sqm (3,458sq ft). Currently Vacant. HISTORICALLY LET FOR = £45,000p.a. Internally each property offers ground floor retailing/cafe/showroom space with w.c. & tea prep area at upper floors further providing storage space. A fire escape is accessible at upper floor level. 3 COMMERCIAL UNITS Prime Town Centre Location comprising 8,217sq ft in total. PART INCOME PRODUCING Class 1/2 Retail Space with Hot Food Potential. FANTASTIC YIELD POTENTIAL once fully occupied. 34 Bridgegate. Ground: 150.4sqm (1,619sq ft). 1st: 113.9sqm (1,226sq ft). Total: 264sqm (2,845sq ft). Currently Vacant. ESTIMATED RENTAL VALUE = £22,000p.a. 36 Bridgegate. Ground: 110.56sqm (1,190sq ft). 1st: 67.27sqm (724sq ft). Total: 177.83sqm (1,914sq ft). Held on F.R.I Lease Expiry: April 2029 (Tenant had option to extend lease) Passing Rent: £14,000pa. 38-40 Bridgegate. Ground: 188.13sqm (2,025sq ft). 1st: 133.13sqm (1,433sq ft). Total: 321.26sqm (3,458sq ft). Currently Vacant. HISTORICALLY LET FOR = £45,000p.a. Internally each property offers ground floor retailing/cafe/showroom space with w.c. & tea prep area at upper floors further providing storage space. A fire escape is accessible at upper floor level. WAA historically sold for £1.2 million and L THE for over £135,000 Annually ****potential now £65,000 PA once shops are let individually***. The property is situated on the North side of Bridgegate, within the pedestrianised town centre and a highly visible and busy position within the Ayrshire town of Irvine. 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 Savers, The Rivergate Shopping Centre, Ramsdens Pawnbrokers, Nationwide Building Society and Irvine Town Hall.