Summary - High Street, Irvine, North Ayrshire, KA12 KA12 8AN
1 bed 1 bath Pub
**Standout Features:**
- Exceptional three-story public house in a prime High Street location
- Two residential flats available for additional rental income
- Current annual rental income of £27,000, set to increase to £33,000 by January 2030
- F.R.I Lease in place until January 2033
- Attractive price point of £205,000, offering a yield of 13.2%
- High footfall area with numerous local amenities
**Notable Concerns:**
- Limited mortgage availability due to only 10 years remaining on the lease
- Property requires modernization and renovation
This unique investment opportunity on Irvine's bustling High Street combines commercial and residential potentials, making it a prime target for investors. With a current lease securing a £27,000 annual rental income that’s set to grow, you can envision a profitable venture. The building features a robust three stories and includes two separate flats, ideal for generating additional revenue. Although it presents a need for modernization, the potential for appreciation in one of North Ayrshire's most populated towns is undeniable.
The pub's historic charm, complemented by the foot traffic from neighboring businesses and amenities, enhances its attractiveness. However, the impending lease expiration may deter some mortgage lenders, presenting an element of caution for prospective buyers. Positioned just minutes from various local services—from retail stores to healthcare facilities—this property offers not only a solid investment but a chance to play a vital role in the community. Those ready to embrace the renovation challenge will find this property ripe with future potential and lucrative returns. Act swiftly—opportunities like this rarely last long!
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