Tenanted Commercial Property LOT 35

75-79 Portland Street, Troon, KA10 6QU
GUIDE PRICE

Deadline for Offers

30 September 2021, 3pm

Bidding Closes in

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

Description

Full Address: 75-79 Portland Street, Troon, KA10 6QU

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***

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: August 2021 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.

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Tenancy Details

Type of Agreement:
Length:
Rent: £39,631 per year / £3,303 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Guide Price: £360,000


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: 30 September 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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