Tenanted Commercial LOT 11

32 Portland Street, Troon, KA10 6AA
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Special Terms of Sale

  • Buyers Fee (?) 3% of Sale Price (Minimum of £2500 +vat)

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Description

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

The subjects comprise two retail/studio units, a workshop and three offices and a garage/store occupying a range of one and two storey buildings all set within an irregular shaped level site.

Mixed Use Commercial - Six self contained commercial units off the main street within the town centre of Troon. AFFLUENT seaside Troon lies about 8 miles north of Ayr and has a bustling town centre.

Net Area: 3,500 Sq.Ft. 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 Glasgow Prestwick Airport.

The subjects occupy a back lying location east of Portland Street in the heart of Troon town centre. Neighbouring occupiers include Bruce’s Well, Troon Swimming Pool, New Look and Poundland.

J&E Shepherd Surveyors commercial survey valuation £250,000 (Two Hundred and Fifty Thousand Pounds). We have been verbally advised the property has not been elected for VAT.

The subjects comprise two retail/studio units, a workshop and three offices and a garage/store occupying a range of one and two storey buildings all set within an irregular shaped level site extending to approximately 0.11 hectares (0.28 acres). The Troon and Prestwick area is world famous for its golf courses which include Royal Troon, which hosted the British Open Golf Championship in 2024 and Prestwick Golf Club, the original home of The Open. The subjects occupy a back lying location to the east of Portland Street in the heart of Troon town centre in an area of mixed commercial and residential use. Commercial units comprise primarily retail interspersed with leisure and offices and which are occupied by a mix of national multiples and local traders, there are relatively few vacant units in the locality. Residential properties comprise in the main self-contained upper floor flats within traditional tenements. The front facing or west most building on site appears around 120 years old and is single storey, formed in stone walls with paint and render finish surmounted by a pitched roof clad in slate with stone chimneyheads and a mix of metal and PVC rainwater goods, UPVC double glazed windows and doors are installed. This property has been sub divided to form two self-contained units. To the rear is located an attached two storey workshop and office building although with single storey projection to the rear. The main workshop building appears around 60 years old formed in brick walls with part paint and render finish having a mono pitch and part flat roof clad in a combination of profile metal sheet and felt/asphalt. The rear most section appears around a similar vintage being steel framed with brick infill walls and having a vaulted roof clad in profile sheet, rainwater goods are largely missing. To the rear of this building is a free standing timber shed. SALES COMPARABLES: 15 Academy Street, Troon sold for £118,000. 9-13 Academy Street, Troon sold for £154,000 (October 2020). There are seven tenants on site all of whom we understand have short term leases, we have not had sight of any and have relied instead upon verbal information from the vendors. The current passing rent is £22,000 per annum. OCCUPATIONAL LEASES Unit 1 (478 Sq.Ft) Beauty Salon £6,000 per annum. Unit 2 (309 Sq.Ft) Beauty Salon £3,600 per annum Unit 3 (1,769 Sq.Ft) Interior Designers £3,000 per annum Unit 4 (131 Sq.Ft) Massage £3,000 per annum Unit 5 (120 Sq.Ft) Cleaning company £3,600 per annum Unit 6 (Car Garage and workshop) £7,200 per annum Total £26,400 per annum

Troon is an established Clyde Coast resort town and a commuter suburb for the major Ayrshire towns and the Greater Glasgow conurbation with journey times improved by the completion of the M77 extension around 10 years ago. The town enjoys a wide range of services and facilities within the town centre and enjoys excellent transport links by both road and rail. In addition Prestwick International Airport lies a short distance to the south. Ayr, however, is the main shopping and administrative centre for the South Ayrshire Council area.

Full Address: 32 Portland Street, Troon, KA10 6AA

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Tenancy Details

Type of Agreement: Basic Lease
Length: Rolling
Rent: £26,400 per year / £2,200 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: There are seven tenants on site all of whom we understand have short term leases, we have not had sight of any and have relied instead upon verbal information from the vendors. The current passing rent is £26,400 per annum.

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Pricing Information & Bidding

Opening Bid: £225,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £2,500 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 06 March 2025, 10am-3pm
Type: Timed Online Auction

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