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Description
INCOME PRODUCING INVESTMENT*** Ground floor commercial property. EXCELLENT TRADING POSITION. Tenant in occupation producing £35,000 per annum on a FRI Lease.
Tenant:PDSA (Peoples Dispensary for Sick Animals Full repairing and Insuring Lease. Term: 23rd December 2022 - 22nd December 2027 Passing Rent: £35,000p.a.
Ground floor: Internally the property is presented in an excellent condition with laminated timber flooring throughout with open plan sales area.
The area has been calculated to extend to the following net areas: Ground 124.95sqm (1,345sq ft) facing onto High Street with 2 large display windows.
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** Neighbouring occupiers include William Hill, Betfred, Greggs, Barclays and SpecSavers.
INCOME PRODUCING INVESTMENT*** Ground floor commercial property. EXCELLENT TRADING POSITION. Tenant in occupation producing £35,000 per annum on a FRI Lease. Tenant:PDSA (Peoples Dispensary for Sick Animals Full repairing and Insuring Lease. Term: 23rd December 2022 - 22nd December 2027 Passing Rent: £35,000p.a. Further Info: The People's Dispensary for Sick Animals (PDSA) is the UK's leading veterinary charity, founded in 1917 to provide free or low-cost treatment for sick and injured pets owned by people on low incomes. It operates 49 Pet Hospitals across the UK, delivering over 2.7 million treatments annually to more than 470,000 pets while promoting pet welfare through education and advocacy. • Number of Stores/Pet Hospitals: 49 operational Pet Hospitals in the UK (plus approximately 100 charity shops supporting fundraising). • Volunteer/Staff Overview: Over 2,200 paid employees (full- and part-time) across veterinary, retail, and support roles; more than 3,500 volunteers contributing in shops, hospitals, and offices. Internally the property is presented in an excellent condition with laminated timber flooring throughout with open plan sales area. The area has been calculated to extend to the following net areas: Ground 124.95sqm (1,345sq ft) facing onto High Street with 2 large display windows. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** Neighbouring occupiers include William Hill, Betfred, Greggs, Barclays and SpecSavers.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 5 Years
Rent: £35,000 per year / £2,917 per month
Yield: 14% (approx)
Tenant: Company
Notes: Tenant:PDSA (Peoples Dispensary for Sick Animals Full repairing and Insuring Lease. Term: 23rd December 2022 - 22nd December 2027 Passing Rent: £35,000p.a.
Maps & Location
Map Street View SatelliteThe property is situated on the north side of High Street, at its junction with Carrick 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. Neighbouring occupiers include William Hill, Betfred, Greggs, Barclays and SpecSavers.
Document Downloads
Pricing Information & Bidding
Opening Bid: £248,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
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General Terms & Conditions of Sale
Lot Specific Terms - 175-179High Street, PDSA Investment, Ayr