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Special Terms of Sale

  • Buyers Fee (?) 2% 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 HIGH STREET TENANTED INVESTMENT** in Ayr High Street let to Hair & Beauty Training Academy producing £24,000 per annum on a 10 year FRI lease

SUPER SIZE AND TRADING LOCATION with lettable space of 3,600sq ft over ground and first floor within busy town centre. Super trading position with highly visible frontage.

PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £24,000 per annum.

Super High Street trading position with neighbouring occupiers including Boots, Burger King, Holland and Barrett, Iceland, Waterstones, TK Maxx and O2. Perfect location for large car park, bus station

Popular coastal market town with a population of 50,000 people making it the largest settlement in Ayrshire. The town benefits from excellent transport links and is considered Ayrshire's premier town.

**PRIME HIGH STREET TENANTED INVESTMENT** in Ayr High Street let to Hair & Beauty Training Academy producing £24,000 per annum on a 10 year FRI lease Substantial unit set over ground and first floors. Substantial frontage with dual, large display windows. Large open-plan retailing space at ground floor partitioned to form changing rooms and store with storage space, open-plan sales area, office, staff room and W.C on upper floor. Ground 233.27 sqm First floor- 109.99 sqm Total 343.26sqm. **PRIME HIGH STREET TENANTED INVESTMENT** in Ayr High Street let to Hair & Beauty Training Academy producing £24,000 per annum on a 10 year FRI lease SUPER SIZE AND TRADING LOCATION with lettable space of 3,600sq ft over ground and first floor within busy town centre. Super trading position with highly visible frontage. Super High Street trading position with neighbouring occupiers including Boots, Burger King, Holland and Barrett, Iceland, Waterstones, TK Maxx and O2. Perfect location for large car park, bus station. Popular coastal market town with a population of 50,000 people making it the largest settlement in Ayrshire. The town benefits from excellent transport links and is considered Ayrshire's premier town.

Ayr is a popular coastal market town with a population of 50,000 people making it the largest settlement in Ayrshire. The town benefits from excellent transport links and has always been considered Ayrshire’s premier shopping destination.

Full Address: 134 High Street, Former Monsoon, Ayr Town Centre, KA7 1PR

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £24,000 per year / £2,000 per month
Yield: 14% (approx)
Tenant: Company
Notes: New Hair & Beauty Training Academy Held on F.R.I Lease Expiry: July 2034 3,695sq ft Passing Rent: £24,000p.a. Review 2029 £6,000 Deposit Held By Landlord

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Pricing Information & Bidding

Opening Bid: £177,000

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 = 2% 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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