Prominent retail parade investment located on Turnpike Road, Irvine, adjacent to Montgomerie Park, a major residential development comprising approximately 1,000 new homes together with supporting educational and retail facilities. The scheme occupies a highly visible position next to a new primary school and serves a growing residential catchment.
The development comprises a new-build retail parade extending to 4,200 sq ft (390.2 sq m GIA) together with a Tesco Express and 30 on-site car parking spaces. Constructed with a steel frame beneath a mono-pitched roof with brick elevations, the property occupies a site of approximately 0.85 acres with pedestrian and vehicular access from Turnpike Way.
The parade is fully let to Indigo Sun, Speed Queen, Callendar Pharmacy and Local Barbers, providing a diverse neighbourhood retail offering. The individual units benefit from 10-year minimum lease terms, generating a combined rental income of £106,250 per annum. The Tesco Express investment is also available separately.