Lotu.uk

 - UK Property Auctions

Currenlty listing 1,572 upcoming property auctions in the UK

Search more auctions
Vacant Commercial Lot 15

Vacant Commercial Lot 15

Address

Get access to view the address

See address

Auction date

16 Jul 2026

Guide price

£255,000

Type

Commercial

Tenure

Freehold

EPC Rating

Unknown

Status

Upcoming

Auction location placehbolder

Description

This vacant commercial property presents a significant investment opportunity. Spanning a large area, the property is ideal for various development projects, offering potential rental returns that could reach up to £60,000 per month or an annual rental value of approximately £40,000. With its rich history as one of Scotland's last traditional lace mills, built circa 1886, it consists of interconnected industrial buildings across three levels, making it perfect for subdividing into smaller units.

  • Freehold ownership status
  • Vacant occupation
  • Area: 46,000 sq ft (approx. 4273.69 sq m)
  • Excellent redevelopment potential, requiring refurbishment

Located in the picturesque town of Newmilns within the Irvine Valley, this property is conveniently positioned just 7 miles east of Kilmarnock and 24 miles south of Glasgow, making it accessible for various commercial ventures. If you're looking to invest in a prime piece of property with rich historical significance and development possibilities, this is an opportunity not to be missed.

Last update: 10 Jul 2026

Similar property auctions

Search more auctions