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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

6,580 Sq.Ft ( 611.32 Sq.M) TENANTED Commercial Premises within Ayr town centre opposite South Ayrshire Council town centre leisure development. IMMEDIATE RENTAL INCOME OF £17,000 PER ANNUM.

TENANTED INVESTMENT*** Currently LET to South Ayrshire Escape From Homlessness Ltd on FRI LEASE until 20th November 2027 at £17,000 PER ANNUM.

The original front facing building is formed in stone and slate with the rear extension built in brick. COMPRISES: Hallway, sales area, secondary sales area, store room, staff room. kitchen and W.C.

Shops in the area are occupied by a combination of local and national traders including Ladbrokes and Christine Sadler Jewellers who occupy the adjoining units.

Located on the east side of Alloway Street to the south of its junction with Kyle Street and High Street within a prominent town centre location.

6,580 Sq.Ft ( 611.32 Sq.M) Commercial Premises within Ayr town centre opposite South Ayrshire Council town centre leisure development. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street *** PERFECT ADDITION TO ANY PORTFOLIO *** TENANTED INVESTMENT*** Currently LET to South Ayrshire Escape From Homlessness Ltd on FRI LEASE until 20th November 2027 at £17,000 PER ANNUM. The original front facing building is formed in stone and slate with the rear extension built in brick. COMPRISES: Hallway, sales area, secondary sales area, store room, staff room. kitchen and W.C. Shops in the area are occupied by a combination of local and national traders including Ladbrokes and Christine Sadler Jewellers who occupy the adjoining units.

Ayr is a popular coastal market town with a population of 50,000 people making it the largest settlement in Ayrshire. The town benefits from excellent transport links and has always been considered Ayrshire’s premier shopping destination. The High Street has restricted vehicle access and the property is located adjacent to several bus stops. High Street occupiers include Marks & Spencer, BHS, Greggs, H Samuel, Coral, RS McColl and Ladbrokes.

Full Address: 21 Alloway St, 6580 SqFt Investment, Ayr Town Centre, KA7 1SH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 20th November 2027
Rent: £17,000 per year / £1,417 per month
Yield: 11% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Opening Bid: £149,000

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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Offer Now... 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.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £175,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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