Description
INCOME PRODUCING INVESTMENT*** Retail Unit in in EXCELLENT TRADING POSITION. Entirely let to Cancer research UK in occupation producing £37,500 per annum on a FRI Lease.
Tenant: Cancer Research UK Lease Length:10 years from 05.03.2015 Rent review: Every 5th year Current Rent: £37,500 p.a. Full repairing and Insuring Lease
The area has been calculated to extend to the following net areas: Ground Floor 138.89 sq m 1,495 sq ft
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £37,500 PER ANNUM
Neighboring occupiers close by include Cex, Timpson, Bank of Scotland, TSB Bank, Iceland, Waterstones, Burger King, Boots and Mountain Warehouse amongst many others
INCOME PRODUCING INVESTMENT*** Retail Unit in in EXCELLENT TRADING POSITION. Entirely let to Cancer research UK in occupation producing £37,500 per annum on a FRI Lease. Tenant: Cancer Research UK Lease Length:10 years from 05.03.2015 Rent review: Every 5th year Current Rent: £37,500 p.a. Full repairing and Insuring Lease The area has been calculated to extend to the following net areas: Ground Floor 138.89 sq m 1,495 sq ft PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £37,500 PER ANNUM Neighboring occupiers close by include Cex, Timpson, Bank of Scotland, TSB Bank, Iceland, Waterstones, Burger King, Boots and Mountain Warehouse amongst many others
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length:
Rent: £37,500 per year / £3,125 per month
Yield: 14% (approx)
Tenant: Company
Notes: Tenant: Cancer Research UK Lease Length:10 years from 05.03.2015 Rent review: Every 5th year Current Rent:£37,500 p.a.
Maps & Location
Map Street View SatelliteHigh Street is located in the centre of Ayr, one of the principal towns on Scotland’s southwest coast. As the town’s main shopping and commercial street, it benefits from a wide range of amenities including supermarkets, banks, cafés, restaurants, retail stores, healthcare facilities, and leisure services, all within walking distance. The area is also close to key attractions such as Ayr Beach, The Wallace Tower, and the town centre’s pedestrian shopping precinct. Transport links are excellent, with Ayr Railway Station located nearby, providing regular rail services to Glasgow and surrounding areas. Numerous local and regional bus routes serve the town centre, while the nearby A77 trunk road offers convenient road connections to Glasgow, Kilmarnock, and the wider Ayrshire region. The combination of central location, comprehensive amenities, and strong transport connectivity makes High Street a highly accessible and desirable location for both residents and visitors.
Document Downloads
Pricing Information & Bidding
Opening Bid: £277,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 124High Street, Ayr