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: 55 Newmarket St, Let Trading Investment, Ayr, KA7 1LL

*VAT FREE INVESTMENT* Tenanted Ayr Town centre retail unit located in HIGH FOOTFALL location. Held on FRI Lease until July 2025 with passing rent of £7,000 per annum. IMMEDIATE INCOME PRODUCING INVESTMENT.

Prominent REFURBISHED ground floor retail unit set within a traditional 2 storey building. Trading as a deli. Attractive glass frontage on to Newmarket Street. Property extends to 58.34sq m (628 sq ft).

IDEAL INVESTMENT with tenant paying £7,000 per year on Full Repairing and Insurance lease from June 2020- June 2025 with tenant break in Jan 2022 and July 2023. Deposit of £1,750 held by landlord.

Located on stylish Newmarket Street, a pedestrianised, secondary town centre and retailing location, forming a link between High Street and the popular Sandgate. EXTREMLY HIGH FOOTFALL LOCATION

PRIME LOCATION within Ayr town centre close to bus station, train station, parking and University. Nearby retailers include Greggs, O2, Marks and Spencer, Boots, Poundland and GAME.

IMMEDIATE INCOME PRODUCING INVESTMENT PROPERTY. Tenanted Town centre retail unit located in HIGH FOOTFALL location. Held on FRI Lease until July 2025 with passing rent of £7,000 per annum. Prominent REFURBISHED ground floor retail unit set within a traditional 2 storey building. Attractive glass frontage on to Newmarket Street. Property extends to 58.34sq m (628 sq ft). IDEAL INVESTMENT with tenant paying £7,000 per year on Full Repairing and Insurance lease from June 2020- June 2025 with tenant break in Jan 2022 and July 2023. Deposit of £1,750 held by landlord. Located on stylish Newmarket Street, a pedestrianised, secondary town centre and retailing location, forming a link between High Street and the popular Sandgate. EXTREMLY HIGH FOOTFALL LOCATION. PRIME LOCATION within Ayr town centre close to bus station, train station, parking and University. Nearby retailers include Greggs, O2, Marks and Spencer, Boots, Poundland and GAME.

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: 2025
Rent: £7,000 per year / £583 per month
Yield: 10% (approx)
Tenant: Company
Notes:

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Location

Pricing Information & Bidding

Guide Price: £68,000


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.

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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

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