Tenanted Commercial LOT 435

77-79 Portland Street, Troon, KA10 6QU
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Special Terms of Sale

  • Buyers Fee (?) 1% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

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

PRIME LET COMMERCIAL UNIT in town centre location. PASSING RENT OF £39,630.72 PER ANNUM. Excellent frontage in best spot in town.***Ideal Investment Property*** extended lease for 2 years till 2026

The subjects comprise a ground floor retail unit set within a larger 2 storey commercial development, Benefiting from a large, glazed frontage. The property has been fitted out to a high standard.

PRIME RETAILING spot in Troon in bright, sunny parade with a niche boutique mix of quality tenants WHSMITH, GREGGS, Bargain B's, Marie Curie, Farmfoods.

The property is situated on the northwest side of Portland Street within the coastal town of Troon. The location benefits from being within a high footfall location and a main thoroughfare in the town

AFFLUENT Troon is a popular town in South Ayrshire. It is situated on the west coast of Scotland, about 8 miles (13 km) north of Ayr and 3 miles (5 km) northwest of Glasgow Prestwick Airport.

The subjects comprise a ground floor retail unit set within a larger 2 storey commercial development surmounted by a flat roof overlaid in bitumen felt. Benefiting from a large, glazed frontage, access to the property is gained via double doors at street level with loading area accessible via a common pend to the north of the property. Internally the property has been fitted out to a high standard by the tenant, and in accordance with their corporate specifications. Lighting is provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. Floors have been overlaid in laminated timber and carpet throughout. To the rear of the development, partitions have been erected to form large storage area, staff facilities, office and w.c facilities. Ground floor extends to approx. 1,144.29sqm (12,317sq ft). Tenant: The Factory Shop Ltd Rent: £39,630.72p.a.x (rebased from £88,000p.a.x) Review: 2026 Overview: The Factory Shop (t/a The Original Factory Shop) opened in 1969 offering a variety of discounted goods. Currently the company operated from 215 stores in the U.K along with a strong online presence, facilitating demand from its 100,000sq ft warehouse in Burnley. The Factory Shop reporter a revenue of £193,000,000 with over 2,100 employees.

Troon is a town in South Ayrshire, situated on the west coast of Scotland, about 8 miles (13 km) north of Ayr and 3 miles (5 km) northwest of Prestwick Airport. Troon has a population in excess of 14,750 with a further catchment from Prestwick, Ayr & Barassie. Neighbouring occupiers include Bruce’s Well, Troon Swimming Pool, New Look and Poundland. The property is situated on the north-west side of Portland Street within the coastal town of Troon. The location benefits from being within a high footfall location and a main thoroughfare in the town.

Full Address: 77-79 Portland Street, Troon, KA10 6QU

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling Long Term
Rent: £39,631 per year / £3,303 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: Tenant: The Factory Shop Ltd Rent: £39,630.72p.a.x (rebased from £88,000p.a.x) Review: 2026

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Pricing Information & Bidding

Opening Bid: £276,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

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

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