Tenanted Commercial LOT 408

244 High Street, Ayr, KA7 1RL
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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

TENANTED GROUND FLOOR RETAIL PREMISES***IMEDIATE INCOME PRODUCING INVESTMENT 136sqm (1,463sq ft) Town Centre Location on the High Street in prominent position. Current rent £26,500p.a on a FRI Lease

GROUND FLOOR RETAIL PREMISES Internally the property offers an open plan retailing space with partitions erected to the rear to form w.c facilities and stores.

TENANTED INVESTMENT OPPORTUNITY*** Tenant: Merkur Slots UK Ltd Expiry: 11th June 2039 Tenant Break: June 2029 Rent Review: June 2029 & 2034 Passing Rent: £26,500p.a Full repairing and insuring lease.

EXCELLENT TRADING LOCATION*** Nearby occupiers include Greggs, Warren James, Specsavers and Caffe Nero

GREAT LOCATION within busy town centre with HIGH LEVELS OF PASSING TRADE. Highly prominent frontage in highly visible location.

TENANTED GROUND FLOOR RETAIL PREMISES***IMEDIATE INCOME PRODUCING INVESTMENT 136sqm (1,463sq ft) Town Centre Location on the High Street in prominent position. Current rent £26,500p.a on a FRI Lease. GROUND FLOOR RETAIL PREMISES Internally the property offers an open plan retailing space with partitions erected to the rear to form w.c facilities and stores. TENANTED INVESTMENT OPPORTUNITY*** Tenant: Merkur Slots UK Ltd Expiry: 11th June 2039 Tenant Break: June 2029 Rent Review: June 2029 & 2034 Passing Rent: £26,500p.a Full repairing and insuring lease. EXCELLENT TRADING LOCATION*** Nearby occupiers include Greggs, Warren James, Specsavers and Caffe Nero. GREAT LOCATION within busy town centre with HIGH LEVELS OF PASSING TRADE. Highly prominent frontage in highly visible location.

High Street runs through the heart of Ayr, a coastal town in South Ayrshire on the west coast of Scotland. It is centrally located, connecting with other major streets such as Sandgate and Newmarket Street, and it leads to the River Ayr. Ayr is a popular coastal market town with a population of approximately 50,000, making it the largest settlement in Ayrshire. The town benefits from excellent transport links and is considered Ayrshire's premier shopping destination. Located approximately 200 meters from Ayr Central the property benefits from high passing footfall with nearby occupiers including Barclays, Tui, Specsavers, Greggs, Blue Lagoon and Caffe“ Nero.

Full Address: 244 High Street, Ayr, KA7 1RL

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 15 Years
Rent: £26,500 per year / £2,208 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: Tenant: Merkur Slots UK Ltd Expiry: 11th June 2039 Tenant Break: June 2029 Rent Review: June 2029 & 2034 Passing Rent: £26,500p.a

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Pricing Information & Bidding

Opening Bid: £211,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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