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Lot 13

Guide Price: £104,000 - Bid Now

5-11 Kyle Street, Full Building, Ayr, South Ayrshire, KA7 1RS


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Key Features:

FORMER HOTEL now 2 Ground Floor commercial units 162 SQ. METRES (1,700 SQ. FEET) and 169 SQ. METRES (1,800 SQ. FEET) rental potential circa £35,000 p.a per UNIT + Upper Floor POTENTIAL FOR 5 FLATS


  • IDEAL DEVELOPMENT. The property is set over three and a half storeys with two commercial shop units on the ground floor and sandstone units above
  • Super location visible ON the High Street adjacent Debenhams Department Store, H & M, Ayr Central with Next, Primark, HMV and host of nationals. A large number of shops have moved into the development
  • SUPER RENTAL POTENTIAL when refurbished circa 35k p.a x 2 per shop unit (£70,000 p.a) and 5 flats circa £450 PCM X 12 = £5400 PA X 5 FLATS = £27,000 P.A Total rental POTENTIAL circa £97,000 p.annum
  • Ayr is located only 31 miles from Glasgow with super refurbished new M77 Motorway. Opportunity to buy PRIME COMMERCIAL PROPERTY refurbished and able to generate a good rental return


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

Search Council Records

- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.


Full Details:

FORMER HOTEL now 2 Ground Floor commercial units 162 SQ METRES (1700 SQ FEET) and 169 SQ METRES (1800 SQ FEET) rental potential circa £35,000 p.a per UNIT + Upper Floor POTENTIAL FOR 5 FLATS *4 X 1 bed and 1 X 3 bed.** NEXT DOOR TO DEBENHAMS, H & M and new ‘Ayr Central’ Shopping Centre RIPR FOR DEVELOPMENT RENTAL POTENTIAL £97,000 P.ANNUM - WHEN REFURBED *** IDEAL DEVELOPMENT. The property is set over three and a half storeys with two commercial shop units on the ground floor and sandstone units above. Sitting in a prominent position in Ayr town centre, Kyle Street is home to Ayr Central. Opened in March 2007, the shopping centre has an underground car parking facility with space for 450 cars with stairs up to the main level, the development cost £75 million. Super location visible ON the High Street adjacent Debenhams Department Store, H & M, Ayr Central with Next, Primark, HMV and host of nationals. A large number of shops have moved into the development, some from other locations in the town centre while others are completely new to the area such as Debenhams and Primark. Ayr is a very popular location with many amenities such as supermarkets, shops, schools, college, University and many leisure facilities. SUPER RENTAL POTENTIAL when refurbished circa 35k p.a x 2 per shop unit (£70,000 p.a) and 5 flats circa £450 PCM X 12 = £5400 PA X 5 FLATS = £27,000 P.A Total rental potential circa £97,000 p.a AFTER REFURBISHMENT. Opportunity for retail use/convenience store 2 units; restaurant/bar use all uses subject relevant consents

Guide Price: £104,000 - Bid Now


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 at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Bid Now Explained...

You may submit an offer now on this property for the owner to consider. 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.

Map & Location:


Ayr only 31 miles from Glasgow with super refurbished new M77 Motorway. Opportunity to buy PRIME COMMERCIAL PROPERTY refurbished and able to generate a good rental return. Super location visible ON the High Street adjacent Debenhams Department Store, H & M, Ayr Central with Next, Primark, HMV and host of nationals. A large number of shops have moved into the development, some from other locations in the town centre while others are completely new to the area such as Debenhams and Primark. Ayr is a very popular location with many amenities such as supermarkets, shops, schools, college, University and many leisure facilities

Viewings:


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    30 April 2019


  • Start Time...

    7.00pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

Glasgow Radisson | Edinburgh Marriott


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form