Tenanted Commercial Property LOT 305

52-66 Newmarket Street, Ayr, KA7 1LR
GUIDE PRICE

Deadline for Offers

09 December 2021, 3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 52-66 Newmarket Street, Ayr, KA7 1LR

PRIME TOWN CENTRE COMMERCIAL INVESTMENT. Two storey building comprising 2 retail units and additional office premises with REALISTIC POTENTIAL RENTAL OF £85,000 when fully occupied.

IMMEDIATE RENTAL INCOME OF £22,500 per annum with realistic total rental potential of £85,000 per annum when fully let in HIGH DEMAND TOWN CENTRE RENTAL LOCATION with vacant shop and 2 x offices.

Tenanted 172.33sqm retail premises let on 20 year lease for £22,500 per annum. Vacant 244.98sqm unit with potential of £30,000 P.A. 1st and 2nd floor offices with potential of £35,000 P.A

PRIME COMMERCIAL LOCATION with nearby national retailers including Greggs, Tesco Extra, Burger King, Marks and Spencers, TK Maxx, Ladbrokes. Close to Train station, bus station and car parking.

Ayr is the principal town in Ayrshire with a resident population of around 46,800. The property is located on Newmarket Street, a popular town centre pedestrianised retailing location.

PRIME TOWN CENTRE COMMERCIAL INVESTMENT. Two storey building comprising 2 retail units and additional office premises with REALISTIC POTENTIAL RENTAL OF £85,000 when fully occupied. IMMEDIATE RENTAL INCOME OF £22,500 per annum with realistic total rental potential of £85,000 per annum when fully let in HIGH DEMAND TOWN CENTRE RENTAL LOCATION with vacant shop and 2 x offices. Tenanted 172.33sqm retail premises let on 20 year lease for £22,500 per annum. Vacant 244.98sqm unit with potential of £30,000 P.A. 1st and 2nd floor offices with potential of £35,000 P.A PRIME COMMERCIAL LOCATION with nearby national retailers including Greggs, Tesco Extra, Burger King, Marks and Spencers, TK Maxx, Ladbrokes. Close to Train station, bus station and car parking. Ayr is the principal town in Ayrshire with a resident population of around 46,800. The property is located on Newmarket Street, a popular town centre pedestrianised retailing location.

Ayr, the former county town, is a vibrant, popular and cultural town, with a theatre, a cinema and thriving local shops and restaurants. It is well served with good local authority schools, and an excellent independent school, Wellington. Some of Scotland’s finest golf courses are nearby. One of the town’s principal assets, of course, is its proximity to some of the finest coastal and inland scenery in Scotland. The subject property is located on Newmarket Street, a pedestrianised, secondary town centre retailing location, forming a link between High Street and Sandgate.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2023
Rent: £22,500 per year / £1,875 per month
Yield: 8% (approx)
Tenant: Company
Notes: 1 occupied unit. 1 unit and 2 offices vacant

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Location

Pricing Information & Bidding

Guide Price: £275,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 09 December 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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