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Description

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

Town Centre Full Building Held On F.R.I Lease W.H Smith Expiry 31st January 2029 Passing Rent: £60,000p.a.x Guide Price: £500,000

Total: 1,022.68sqm (11,008sq ft)

Tenant: WH Smith Retail Holdings Ltd Expiry: 31st January 2029 Passing Rent: £60,000p.a.x

The premises have been fully fitted to the tenant's standard specification over ground and first with the second floor comprising ancillary storage, office and staff areas.

Ayr is situated on the forth of Clyde with the A77 running to the East connecting with Kilmarnock 12 miles north east and Glasgow approx 30miles north East

The premises comprise a prominent ground, first and second floor retail unit all contained within a two storey traditional brick property with a pitched and slate roof. The premises have been fully fitted to the tenant's standard specification over ground and first with the second floor comprising ancillary storage, office and staff areas. The property extends to the following internal area; Ground: 411.84sqm (4,433sq ft) First: 369.47sqm (3,977sq ft) Second: 241.36sqm (2,598sq ft) Total: 1,022.68sqm (11,008sq ft) The property is held on a full repairing and insuring head lease on the following terms; Tenant: WH Smith Retail Holdings Ltd Expiry: 31st January 2029 Passing Rent: £60,000p.a.x Tenant Break: 1st February 2027 Covenant Info: WH Smith Retail Holdings Ltd reported a turnover of £218.5 million for the fiscal year ending August 2023. This figure represents a 14.01% increase from the previous year, reflecting a positive growth trend?. Part of WH Smith Group, As of the financial year ending August 31, 2023, WH Smith reported a total group revenue of £1.793 billion. This represents a 28% increase compared to the previous year's revenue of £1.400 billion The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)

The property is situated on the east side of High Street within Ayr town centre. Ayr is a popular coastal market town with a population of circa 46,000 persons and is the principal commercial town in Ayrshire benefiting from excellent transport links. Ayr is situated on the forth of Clyde with the A77 running to the East connecting with Kilmarnock 12 miles north east and Glasgow approx 30miles north East

Full Address: 198-200 High Street, WH Smith Retail Investment, Ayr Town Centre, KA7 1RH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: £0 per year / £0 per month
Yield: % (approx)
Tenant: Private Individual
Notes: WH Smith Retail Holdings Ltd reported a turnover of £218.5 million for the fiscal year ending August 2023. This figure represents a 14.01% increase from the previous year, reflecting a positive growth trend?. Part of WH Smith Group, As of the financial year ending August 31, 2023, WH Smith reported a total group revenue of £1.793 billion. This represents a 28% increase compared to the previous year's revenue of £1.400 billion

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Pricing Information & Bidding

Opening Bid: £367,000

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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: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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