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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

IDEAL INVESTMENT PROPERTY*** Prominent commercial unit LET to Black Rooster Peri Peri with an IMMEDIATE RENTAL INCOME OF £32,000 PER ANNUM located within Ayr TOWN CENTRE.

*** IMMEDIATE INCOME PRODUCING INVESTMENT OPPORTUNITY - Property is LET to Black Rooster Peri Peri at £32,000 PER ANNUM on FRI LEASE until 8th July 2036.

PROMINENT FRONTAGE on to BUSY HIGH STREET. EXCELLENT trading location within busy TOWN CENTRE. TWIN DISPLAY WINDOWS.

Nearby occupiers include William Hill, Betfred, Greggs, Barclays and Specsavers. PERFECT INVESTMENT WITH WELL-ESTABLISHED TENANTS.

Situated on the north side of High Street, at its junction with Alloway Street within Ayr town centre.

IDEAL INVESTMENT PROPERTY*** Prominent commercial unit LET to Black Rooster Peri Peri with an IMMEDIATE RENTAL INCOME OF £32,000 PER ANNUM located within Ayr TOWN CENTRE. *** IMMEDIATE INCOME PRODUCING INVESTMENT OPPORTUNITY - Property is LET to Black Rooster Peri Peri at £32,000 PER ANNUM on FRI LEASE until 8th July 2036. PROMINENT FRONTAGE on to BUSY HIGH STREET. EXCELLENT trading location within busy TOWN CENTRE. Nearby occupiers include William Hill, Betfred, Greggs, Barclays and Specsavers. PERFECT INVESTMENT WITH WELL-ESTABLISHED TENANTS. Situated on the north side of High Street, at its junction with Alloway Street within Ayr town centre. Ground floor, basement and first floor commercial unit. Ground: 1,497 sq.ft Basement: 509 sq.ft 1st Floor 208 sq.ft Total 2,214 sq.ft

Ayr is the principle town within the Ayrshire region and has a population of around 50,000 persons. The town lies adjacent to the A77/M77 offering direct road access north to Glasgow (32 miles). Ayr has two railway stations offering regular services to Glasgow and Stranraer.

Full Address: 233-237 High Street, Black Rooster, Ayr, KA7 1RB

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 8th July 2036
Rent: £32,000 per year / £2,667 per month
Yield: 10% (approx)
Tenant: Company
Notes: Fixed rent increase - £35,000 P/A on 9th July 2024. Rent review - 2026 & 2031.

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Pricing Information & Bidding

Opening Bid: £329,000

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 £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £365,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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