Tenanted Commercial LOT 136

2-4 Kyle Street, Ayr, KA7 1RZ
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Description

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

DOUBLE FRONTED UNIT in PRIME HIGH STREET POSITION within Ayr TOWN CENTRE. Unit extends to approx. 1,237 Sq.Ft. Let at £14,000pa until Sept 2028. Option to extend for a further 5 years.

WAS SOLD historically for £365,000. Double fronted unit recently. low rent market rent £20/22,000 per annum.

EXCELLENT TRADING LOCATION. Nearby occupiers include Black Rooster, Greggs, Caffe Nero, M&Co, Barclays Bank, Next, Primark, Holland and Barrett and Costa Coffee.

PRIME LOCATION on Kyle Street close by its junction with High Street in the heart of Ayr town centre with Ayr Central Shopping Centre and the Kyle Centre located within short walking distance.

Ayr is the principle town within the Ayrshire region and has a population of around 50,000 persons.

IDEAL INVESTMENT PROPERTY. Large unit 1,237 square feet. The subjects extend into a two storey rear projection. Internally the sales area has a solid floor with tile finish and lined walls with acoustic tile ceiling incorporating spot lights. A large store room is located to the rear which could be readily included within the retail space. Further storage is located at first floor level. Staff toilet facilities include two wc compartments. EXCELLENT TRADING LOCATION. Nearby occupiers include Black Rooster, Greggs, Caffe Nero, M&Co, Barclays Bank, Next, Primark, Holland and Barrett and Costa Coffee. WAS SOLD historically for £365,000. Double fronted unit.

Ayr is located on the Clyde coast around 40 miles south west of Glasgow in the South Ayrshire Council area. The town has a resident population of around 46,500 with the South Ayrshire Council area having a population of around 112,000. Accessibility has improved with the M77 upgrade around 5 years ago. Ayr is the main shopping and administrative centre for the area and in addition, is a traditional Clyde Coast holiday resort. Consequently, the town benefits from a wide range of services and facilities. Specifically the subjects are located on Kyle Street close by its junction with High Street in the heart of Ayr town centre with Ayr Central Shopping Centre and the Kyle Centre located within short walking distance.

Full Address: 2-4 Kyle Street, Ayr, KA7 1RZ

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Tenancy Details

Type of Agreement: Basic Lease
Length: Sept 2028
Rent: £14,000 per year / £1,167 per month
Yield: 9% (approx)
Tenant: Company
Notes: Held on a licence to occupy. Tenant = Greyston Clothing Ltd. Option to extend for another 5 years.

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Pricing Information & Bidding

Guide Price: £181,000


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 prior to the auction.

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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 = £190,000

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

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