Tenanted Commercial Property LOT 49

 Hollybush Inn, Hollybush, Ayr, KA6 6EX
OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

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

Description

Full Address:  Hollybush Inn, Hollybush, Ayr, KA6 6EX

PRIME TENANTED COMMERCIAL INVESTMENT. Substantial detached, single-storey licensed restaurant with passing rent of 29,500 per annum on full F.R.I lease until Nov 2024. SUPER RETURN ON INVESTMENT

Freehold sale of large detached licensed restaurant with dedicated car-park in the affluent village of Hollybush by Ayr. The property has recently been upgraded to exceptional standard by the current tenant.

Comprises large family dining area, separate dining/ bar/ lounge, fully-equipped commercial kitchen, large servery, dry store and W.C facilities. SUPER SIZE AND LOCATION presented in excellent order throughout.

Extremely well-established business with excellent reputation nationwide. FULL FRI lease with passing rent of 29,500 per annum (paid quarterly in advance) until Nov 2024- with option to extend until 2029.

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.

PRIME TENANTED COMMERCIAL INVESTMENT. Substantial detached, single-storey licensed restaurant with passing rent of 29,500 per annum on full F.R.I lease until Nov 2024. SUPER RETURN ON INVESTMENT Freehold sale of large detached licensed restaurant with dedicated car-park in the affluent village of Hollybush by Ayr. The property has recently been upgraded to exceptional standard by the current tenant. Comprises large family dining area, separate dining/ bar/ lounge, fully-equipped commercial kitchen, large servery, dry store and W.C facilities. SUPER SIZE AND LOCATION presented in excellent order throughout. Extremely well-established business with excellent reputation nationwide. FULL FRI lease with passing rent of 29,500 per annum (paid quarterly in advance) until Nov 2024- with option to extend until 2029.

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.

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Floorplans

  Hollybush Inn  Hollybush, Ayr

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Nov 2024
Rent: 29,500 per year / 2,458 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Tenant: STL Kitchens Ltd Expiry: 7th November 2024 Extension: The tenant has an option to extend to 7th November 2029 Passing Rent: 29,500per annum Rent Payments: Quarterly in advance

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Location

Pricing Information & Bidding

Opening Bid: £279,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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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: 23 September 2021, 10am-3pm
Type: Timed Online Auction

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