4 × 2-bed flat + 1-bed flat · KA12 0AY
For saleListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Smart Sales & Investments are delighted to present this outstanding mixed-use development opportunity in the heart of Irvine town centre.
Occupying a prominent corner position, this substantial three-storey property benefits from approved planning permission for a residential and commercial redevelopment scheme, offering exceptional potential for developers, investors and commercial operators.
Formerly operating as a bar, restaurant, function suite and nightclub, the building has been stripped back internally and is presented in shell condition, providing a blank canvas for redevelopment.
The property is understood to be wind and watertight, with existing utility services available.
The approved scheme comprises four self-contained two-bedroom flats, one self-contained one-bedroom flat, and a ground-floor restaurant/takeaway unit, creating a highly attractive mixed-use investment opportunity with multiple potential exit strategies.
Located within Irvine town centre, the property enjoys excellent visibility and convenient access to local shops, leisure facilities, transport links and the wider Ayrshire road network.
With strong residential and commercial demand within the area, this development presents an exciting opportunity to create a landmark mixed-use scheme in a sought-after location.
Discover the potential of this development: * Approved Planning Permission: Consent in place for a mixed-use redevelopment comprising five residential apartments and a ground-floor commercial unit.
* Residential Development Opportunity: Plans include four two-bedroom flats and one one-bedroom flat, providing attractive accommodation in a central location.
* Commercial Potential: Prominent ground-floor restaurant/takeaway unit benefiting from excellent street frontage and visibility.
* Substantial Three-Storey Building: Generous accommodation arranged across ground, first and second floors.
* Ready for Redevelopment: Internally stripped back to shell condition, allowing developers flexibility in delivering the approved scheme.
* Prominent Corner Position: Highly visible town-centre location offering strong commercial and residential appeal.
* Multiple Exit Strategies: Potential for individual unit sales, long-term rental investment, mixed-use income generation, or a combination of approaches.
* Town Centre Location: Situated close to the Rivergate Shopping Centre, local amenities, leisure facilities and public transport connections.
* Excellent Connectivity: Irvine benefits from regular rail services to Glasgow and strong road links throughout Ayrshire and beyond.
* Investment Opportunity: Suitable for developers, builders, landlords and commercial operators seeking a substantial value-add project.
* Guide Price: Offered at £270,000, presenting a rare opportunity to acquire a significant mixed-use development site in a prime Irvine town-centre location.
Approved plans and associated planning documentation are available to genuinely interested parties. Viewing is strictly by appointment only due to the property's current development status.
Enquire now! Smart Sales & Investments are committed to a smooth transaction process. To ensure commitment from both parties, a buyer's premium will be payable to secure the property.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 34-36 High Street, Irvine
Explore nearby