Land for sale

Drummond Crescent

Rare opportunity to purchase Land

Established business park location

Business Rates discount scheme available in the area for qualifying sectors

Drummond Crescent, Riverside Business Park, Irvine, UK KA11 5AN

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Irvine is located approximately twenty-eight miles to the west of Glasgow and seven miles west of Kilmarnock. Irvine benefits from good transport connections, being adjacent to the A78, A736, A737 and A71 road routes, the latter providing direct access to the M77 Motorway which connects with Glasgow. The A78 also provides access to Greenock, Ayr and onward to the ferry terminals at Stranraer, Troon and Ardrossan whilst the A76 provides a route to the south near the M74 Motorway in Dumfries and Galloway. Glasgow Prestwick Airport is situated nine miles to the south of the town. Riverside Business Park lies to the rear of South Newmoor Industrial Estate, adjacent to the A71 Irvine to Kilmarnock trunk road. Occupiers within the immediate vicinity include GSK, Barony Universal Products Plc, Culzean Medical Devices Ltd and Stellar Europe LLC
Local authority: South Ayrshire Council

Transportation

Airports

Glasgow 20.4m

National rail

Irvine 1.4m, Barassie 2.8m, Troon 4.1m

Road

Irvine benefits from good transport connections, being adjacent to the A78, A736, A737 and A71 road routes, the latter providing direct access to the M77 Motorway which connects with Glasgow. The A78 also provides access to Greenock, Ayr and onward to the ferry terminals at Stranraer, Troon and Ardrossan whilst the A76 provides a route to the south near the M74 Motorway in Dumfries and Galloway

Further information

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Planning overview

Within the Local Development Plan the land is zoned for Industrial and Business use under Policies IND1, IND 4 and IND8. The site is also categorised as an Enterprise Area which provides business rate relief and capital allowances for eligible new life science businesses.

Interested parties should satisfy themselves in relation to planning and the Enterprise Area status and may wish to contact North Ayrshire Council at:

Cunningham House
Irvine
KA12 8GE
Tel: 01294 324319

Development potential

The heritable interest in the sites will be available to purchase, subject to a development agreement with clawback provision. Bids will have to be accompanied with development proposals, which will form the agreed basis the purchaser’s planning application over that period.

Title to the site will be transferred on completion of the development as agreed at the outset.

Development Agreement – The purchaser will pay the purchase price at the outset and agree to enter into a development agreement by way of a ground lease (at nil rental) and shall be bound to develop out the site as per their development plan and planning application over that period.

Clawback Provision – Should the purchaser alter the planning use for the site (in whole or part) within the first 10 years of ownership, to a higher value use, the vendor will be entitled to 50% of the uplift in value resulting from the change of use.

Legal costs

Each party will be responsible for their own legal costs, with the purchaser liable for any Land and Buildings Transaction Tax.

VAT

The vendor has opted to tax and VAT will be payable on the purchase price.

Media store

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Property marketed by:

Commercial Development Land For Sale

£340,000

Property descriptions and related information displayed on this page are marketing materials provided by Colliers International. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Colliers International Disclaimer Colliers International for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of Colliers International has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images maybe computer generated. Any photographs show only parts of the property as they appeared at the time they were taken @2018 Colliers International