Tenanted Commercial LOT 15

41 Main Street, Prestwick, KA9 1AE
BIDDING OPENS in...

Description

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

INCOME PRODUCING INVESTMENT*** Ground floor Retail Premises in EXCELLENT TRADING POSITION. Let on a FRI Lease with 3 years unexpired producing £13,000 per annum

Comprises a ground floor retail unit set within a larger 4 storey red sandstone mixed use tenemental development. The area has been calculated to extend to the following net areas: Area: 91.97sqm

Internally the property has been fitted out in accordance with the tenants business requirements with open plan retailing space to the front and partitioned w.c. and tea prep areas to the rear

The unit is held on an FRI lease on the following terms; 41 Main Street is let to Cutsburn Ltd t/a “Dream Doors” expiring 24th March 2029 at a passing rent of £13,000p.a.

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £13,000 PER ANNUM

INCOME PRODUCING INVESTMENT*** Ground floor Retail Premises in EXCELLENT TRADING POSITION. Let on a FRI Lease with 3 years unexpired producing £13,000 per annum Comprises a ground floor retail unit set within a larger 4 storey red sandstone mixed use tenemental development. The area has been calculated to extend to the following net areas: Area: 91.97sqm (990sq ft) Internally the property has been fitted out in accordance with the tenants business requirements with open plan retailing space to the front and partitioned w.c. and tea prep areas to the rear. The unit is held on an FRI lease on the following terms; 41 Main Street is let to Cutsburn Ltd t/a “Dream Doors” expiring 24th March 2029 at a passing rent of £13,000p.a. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £13,000 PER ANNUM

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 3 Years
Rent: £13,000 per year / £1,083 per month
Yield: 6% (approx)
Tenant: Private Individual
Notes: The unit is held on an FRI lease on the following terms; 41 Main Street is let to Cutsburn Ltd t/a “Dream Doors” expiring 24th March 2029 at a passing rent of £13,000p.a.

Maps & Location

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Prestwick is a coastal town in South Ayrshire on Scotland’s west coast, lying on the Firth of Clyde immediately north of Ayr (whose centre is roughly two to three miles south) and south of the village of Monkton, with Troon a short distance further north. It sits approximately 30 miles south-west of Glasgow. The town has a population of around 14,570, with the Prestwick electoral ward estimated at about 14,540. It functions primarily as a residential community with a local high-street retail and leisure offer, drawing a core catchment from its own residents plus nearby settlements such as Monkton and Symington, while also serving a wider day-to-day population from the adjoining Ayr and Troon areas. Transport links are strong for a town of its size. Prestwick lies on the Ayrshire Coast Line, with stations at Prestwick Town and Prestwick International Airport offering frequent rail services to Glasgow Central (typically 45–50 minutes) and south to Ayr. Road access is via the A77 (linking to the M77 for Glasgow) and the A78 coastal route. Glasgow Prestwick Airport lies on the northern edge of the town, providing passenger flights (including budget European services), significant cargo operations, and an associated aerospace and maintenance cluster. Local bus services connect Prestwick with Ayr, Troon, Irvine and Glasgow, supporting both commuting and the wider catchment that extends across much of Ayrshire.

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Pricing Information & Bidding

Opening Bid: £230,000

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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 = 3% of Sale Price (Minimum £3,250 + 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.

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General Terms & Conditions of Sale
Lot Specific Terms - 41Main Street, Prestwick






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