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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
SUPERSIZED COMMERCIAL PORTFOLIO PROPERTY 17,386sq ft mixed used over 4 floors comprising 18 Seperate Units.
12 Units Currently Let with £102,885 Current Rent Being Received. Potential up to £170k pa.
Superb opportunity to increase value.
Tenants Include Barnardos, Red Cross, Whitecross Dental Practice. The property has been comprehensively refurbished.
The property comprises a 4 storey commercial development with a mixture of retail at ground floor and office at uppers.
The towns’ premier shopping centre, Ayr Central, is in close proximity as is the Kyle Centre which has recently been purchased to facilitate a leisure development.
Arthur Street is a notable street in Ayr, South Ayrshire, located near the town center. Its proximity to key parts of Ayr means it's within walking distance of the town's amenities.
Arthur Street is a notable street in Ayr, South Ayrshire, located near the town center. It runs through a central part of the town, offering a mix of residential areas, local businesses, and shops. Its proximity to key parts of Ayr means it's within walking distance of the town's amenities, such as Ayr train station, Ayr High Street, and various restaurants and cafes.
The area surrounding Arthur Street is typical of a historic market town, with a blend of traditional Scottish architecture and more modern developments. The town center itself often bustles with local activities and events.
Ayr is a popular coastal market town with a population of approximately 46,000 people making it the largest settlement in Ayrshire. The town benefits from excellent transport links and continues to be considered the shopping hub in the southwest of Scotland.
Full Address: Boswell House, Arthur St, 18 Unit Portfolio, Ayr Town Centre, KA7 1QJ
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: Various
Rent: £102,885 per year / £8,574 per month
Yield: 18% (approx)
Tenant: Company
Notes: 18 Seperate Units.
12 Units Currently Let with £102,885 Current Rent Being Received. Potential up to £170k pa.
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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: 07 November 2024, 10am-3pm
Type: Timed Online Auction
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