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Description

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

SUPERSIZED COMMERCIAL PROPERTY 17,386sq ft mixed used over 4 floors. PART INCOME PRODUCING 50% Occupancy TOWN CENTRE LOCATION with car park included.

Ideal Business Centre Space. Current Passing Rent: £83,915 per annum E.R.V. £120,000 per annum. Superb opportunity to increase value. Tenants Include Barnardos, Red Cross, Whitecross Dental Practice.

The property comprises a 4 storey commercial development with a mixture of retail at ground floor and office at uppers. The property has been comprehensively refurbished.

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.

SUPERSIZED COMMERCIAL PROPERTY 17,386sq ft mixed used over 4 floors. PART INCOME PRODUCING 50% Occupancy TOWN CENTRE LOCATION with car park included. Ideal Business Centre Space. Current Passing Rent: £83,915 per annum E.R.V. £120,000 per annum. Superb opportunity to increase value. Tenants Include Barnardos, Red Cross, Whitecross Dental Practice. The property comprises a 4 storey commercial development with a mixture of retail at ground floor and office at uppers. The property has been comprehensively refurbished. 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 Street, Ayr, KA7 1QJ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: £0 per year / £0 per month
Yield: % (approx)
Tenant: Company
Notes: 50& occupied Current Passing Rent: £83,915p.a.x. E.R.V. £120,000p.a.x.

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Pricing Information & Bidding

Opening Bid: £626,000

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 £2,750 for on time settlement

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Auction Details

Date & Time: 17 October 2024, 10am-3pm
Type: Timed Online Auction

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