Tenanted Commercial Property LOT 353

83 High Street, Ayr, KA8 8BU
OPENING BID

Timed Online Auction

25 August 2022, 10am-3pm

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

Description

Full Address: 83 High Street, Ayr, KA8 8BU

Modern ground floor retail unit with ancillary accommodation on the first floor. Let to SPORTSWIFT LIMITED (1) (t/a Card Factory). Rent - 40,000 per annum. Net Area: (2,435 Sq.Ft - 226.20 Sq.M).

Shepherds Surveyors occupied value - 450,000. . Break Option not utilised in 2018. Lease expires June 2023. VAT is applicable to the lot. Current income: 40,000 p/a

The seaside town Ayr is located 38 miles south of Glasgow with a residential population of 50,000 people and is the administrative centre for South Ayrshire Council. Ayr Railway Station (ScotRail).

The property is located in a busy position on the High Street within the town centre. Nearby occupiers include Marks and Spencers, Coral, H Samuel, Greggs, Superdrug, RS McColl and Ladbrokes.

The property is located in a busy position on the High Street within the town centre.

Modern ground floor retail unit with ancillary accommodation on the first floor. Let to SPORTSWIFT LIMITED (1) (t/a Card Factory). Rent - 40,000 per annum. Net Area: (2,435 Sq.Ft - 226.20 Sq.M). Shepherds Surveyors occupied value - 450,000. . Break Option not utilised in 2018. Lease expires June 2023. VAT is applicable to the lot. Current income: 40,000 p/a The property is located in a busy position on the High Street within the town centre. Nearby occupiers include Marks and Spencers, Coral, H Samuel, Greggs, Superdrug, RS McColl and Ladbrokes. Sure to appeal to Investors looking for a High Yielding Investment Opportunity. Property would provide a gross rental yield of 13.6% if achieved for Guide price of 295,000.

Ayr is the administrative centre for South Ayrshire and has a population of 46,000 people. The property is located in a busy position on the High Street in Ayr town centre. The High Street has restricted vehicle access and the property is located adjacent to several bus stops. Neighbouring occupiers include Marks & Spencer, BHS, Greggs, H Samuel, Coral, RS McColl and Ladbrokes.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: June 2023
Rent: 40,000 per year / 3,333 per month
Yield: 13% (approx)
Tenant: Company
Notes: Let to SPORTSWIFT LIMITED (1) (t/a Card Factory). Rent - 40,000 per annum.

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Location

Pricing Information & Bidding

Opening Bid: £275,000

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 = 2.75% of Sale Price (Minimum £2,750 + 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: 25 August 2022, 10am-3pm
Type: Timed Online Auction

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