Tenanted Commercial Property LOT 126

47 Burns Statue Square, Ayr, KA7 1SZ
OPENING BID

Timed Online Auction

29 January 2021, 10am-4pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 47 Burns Statue Square, Ayr, KA7 1SZ

Refurbished in 2020. Circa 1,300 Sq.Ft. Class 3 Hot Food Consent (sit in restaurant/takeaway) adjacent to Ayr central train station. 5 year lease from 10/1/2020 with One year break option (not taken).

Lease agreed on FRI (Full Repairing and Insuring) lease at rent of £225 per week. £11,700 per annum + £300 insurance - £12,000 per annum. Personal lease terms to the 3c's Café - High Yield Return Unit

Presented in immaculate condition with low voltage lighting, fully rewired, commercial kitchen an customer toilets. Private parking to rear of property. Historically sold for £165,000

Rateable Value (RV) £11,700 per annum. Rates free unit as operated under small business rate relief scheme. No VAT payable on sale price - Long term investment opportunity - FREEHOLD COMMERCIAL SALE

Ayr is the principal settlement in the South Ayrshire Council area. Prime site at best end of town centre with high footfall and passing traffic. Great opportunity for full freehold ownership

Refurbished in 2020. Circa 1,300 Sq.Ft. Class 3 Hot Food Consent (sit in restaurant/takeaway) adjacent to Ayr central train station. 5 year lease from 10/1/2020 with One year break option (not taken). Lease agreed on FRI (Full Repairing and Insuring) lease at rent of £225 per week. £11,700 per annum and £300 insurance - £12,000 per annum. Personal lease terms to the 3c's Café. Presented in immaculate condition with low voltage lighting, fully rewired, commercial kitchen an customer toilets. Private parking to rear of property. Historically sold for £165,000. Rateable Value (RV) £11,700 per annum. Rates free unit as operated under small business rate relief scheme. No VAT payable on sale price - Long term investment opportunity - FREEHOLD COMMERCIAL SALE - Ayr Town Centre is popular with locals and visitors alike as a seasonal tourist destination and is also home to Scotland's largest Horse racing meetings including the Scottish Grand National and Gold Cup bringing thousands of visitors to the town annually

Ayr itself is a town and port situated on the Firth of Clyde, in south-west Scotland. With a population of around 46,000, Ayr is the largest settlement in Ayrshire, of which it is the county town, and has held Royal Burgh status since 1205. Ayr is the administrative centre of the South Ayrshire council area. Furthermore to the north of Ayr is the adjoining town of Prestwick, famous for its golf and its aviation industry as home of Glasgow Prestwick International Airport. Situated on the west coast of Scotland, approximately 35 miles south west of Glasgow and is the principle commercial town in Ayrshire. The town benefits from excellent transport links via rail networks. Minutes from High Street retailers and independent traders. William Hill bookmakers situated on same parade. Walking distance for bus links and Ayr Central train station (mainline connections to Glasgow 45 mins)

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 2025
Rent: £12,000 per year / £1,000 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: FRI Lease terms - £225 per week. £11,700 per annum + £300 insurance - £12,000 per annum. Personal Lease signed terms to the 3c's Café (Lease available on request)

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Pricing Information & Bidding

Opening Bid: £75,000

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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: 29 January 2021, 10am-4pm
Type: Timed Online Auction

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