Tenanted Commercial Property LOT 207

55 Newmarket Street, Ayr, KA7 1LL
OPENING BID

Timed Online Auction

12 March 2021, 10am-4pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 55 Newmarket Street, Ayr, KA7 1LL

*VAT FREE INVESTMENT* Tenanted Ayr Town centre retail unit located in HIGH FOOTFALL location. Held on FRI Lease until July 2025 with passing rent of £7,000 per annum. IMMEDIATE INCOME PRODUCING INVESTMENT.

Prominent REFURBISHED ground floor retail unit set within a traditional 2 storey building. Trading as a deli. Attractive glass frontage on to Newmarket Street. Property extends to 58.34sq m (628 sq ft).

IDEAL INVESTMENT with tenant paying £7,000 per year on Full Repairing and Insurance lease from June 2020- June 2025 with tenant break in Jan 2022 and July 2023. Deposit of £1,750 held by landlord.

Located on stylish Newmarket Street, a pedestrianised, secondary town centre and retailing location, forming a link between High Street and the popular Sandgate. EXTREMLY HIGH FOOTFALL LOCATION

PRIME LOCATION within Ayr town centre close to bus station, train station, parking and University. Nearby retailers include Greggs, O2, Marks and Spencer, Boots, Poundland and GAME.

IMMEDIATE INCOME PRODUCING INVESTMENT PROPERTY. Tenanted Town centre retail unit located in HIGH FOOTFALL location. Held on FRI Lease until July 2025 with passing rent of £7,000 per annum. Prominent REFURBISHED ground floor retail unit set within a traditional 2 storey building. Attractive glass frontage on to Newmarket Street. Property extends to 58.34sq m (628 sq ft). IDEAL INVESTMENT with tenant paying £7,000 per year on Full Repairing and Insurance lease from June 2020- June 2025 with tenant break in Jan 2022 and July 2023. Deposit of £1,750 held by landlord. Located on stylish Newmarket Street, a pedestrianised, secondary town centre and retailing location, forming a link between High Street and the popular Sandgate. EXTREMLY HIGH FOOTFALL LOCATION. PRIME LOCATION within Ayr town centre close to bus station, train station, parking and University. Nearby retailers include Greggs, O2, Marks and Spencer, Boots, Poundland and GAME.

Ayr, the former county town, is a vibrant, popular and cultural town, with a theatre, a cinema and thriving local shops and restaurants. It is well served with good local authority schools, and an excellent independent school, Wellington. Some of Scotland’s finest golf courses are nearby. One of the town’s principal assets, of course, is its proximity to some of the finest coastal and inland scenery in Scotland. The subject property is located on Newmarket Street, a pedestrianised, secondary town centre retailing location, forming a link between High Street and Sandgate.

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2025
Rent: £7,000 per year / £583 per month
Yield: 9% (approx)
Tenant: Company
Notes:

Document Downloads

  LEGAL PACK (Pending)

Location

Pricing Information & Bidding

Opening Bid: £56,250

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 12 March 2021, 10am-4pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 365
£58,000 GUIDE PRICE
  • Refurbished TURN KEY INVESTMENT to purchase large FULLY LICENSED CAFE/BISTRO and UPPER SE...
Lot 200
£97,500 OPENING BID
  • PRIME TOWN CENTRE commercial unit within busy Kilmarnock town centre. Ready Let Investmen...