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Commercial properties for sale in Prestwick, South Ayrshire

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For SalePOA
Arran Court - Briarhill Place - Hunter St - Alexandria Terrace

Arran Court
Lock Up Site Containing 13 Garages
Centre of Densely Populated Area
Significant Rent Uplift Potential
Current Passing Rent
£4,680per annum (£30pcm Per Garage)
Potential Uplift to £12,480p.a. (£80pcm per garage)
Fixed Price £80,000

Location
The subjects are situated on the West side of Arran Court, accessible from the Adamton Road South, south of its junction with Arran Park within the town of Prestwick. The site itself is situated within a densely populated residential area surrounded by houses and flatted dwellings. Prestwick is situated within the South Ayrshire council area of the West coast of Scotland with a resident population of c. 46,000

Subjects
The subjects comprise 13 no. lock up / garage units situated on a regular shaped site accessed from a single road off the main arterial route through Prestwick.The subjects are of single storey brick built garage / lock-up units with a pitched roof. The subjects benefit from open plan access and egress area and have been held on rolling monthly leases for approx 10 years with no uplift in rental figures. The tenants are primarily local residents utilising the garages for extra storage for vehicles and gardening equipment.

The site presents an excellent opportunity for any occupier to acquire a ready made investment with scope for increasing rental figures, currently each occupier pays £30pcm (£4,680per annum) with potential for increase to £80pcm (£12,480per annum). The subjects also present an opportunity for any purchaser to seek to sell off the units individually.

Area
The site has been measured on a Gross External Area to extend to;
198.55sqm (2,137sq ft)

Proposal
Our client is offering their freehold interest in the site for £80,000 representing a current yield of 5.8% with potential reversionary yield increasing to 15.6%


Briarhill St
* Extensive Lock-Up Site
* Centre of Densely Populated Area
* Multi-Let Units
* Passing Rent: £1,800p.a.
* Offers In Excess of £60,000

Location
The subjects are situated on the East side of Briarhill Street close to its junction with St John Street within the town of Prestwick. The site itself is located within a densely populated residential area, surrounded by houses and flatted dwellings. Prestwick is situated within South Ayrshire council area of the West coast of Scotland with a resident population of c. 46,000

Subjects
The subjects comprise 5 no lock up / garage units situated on a regular shaped site with 2 no individual garages at the front entrance to the site with a further 3 adjoining units situated to the rear.

The site itself has been overlaid by a tarmacadam like surface which is a in a good condition.

Area
The subjects have been measured on a gross area basis to extend to the following:

Site: 215.92sqm (2,324sq ft)

Investment
The subjects are let by way of rolling annual licence agreements on an individual basis to primarily neighbouring occupiers of the residential dwellings along with some occupiers being out-with the immediate periphery utilising space for storage. The majority of the occupiers have leased for several years with current passing rent of £1,800per annum

Proposal
Our client is offering their freehold interest in the subjects for offers in excess of £60,000.

Hunter Street, Prestwick
* Extensive Lock-Up Site
* Centre of Densely Populated Area
* Multi-Let Units
* Passing Rent: £7,824p.a.
* Offers In Excess of £150,000

Location
The subjects are situated on the East side of Briarhill Street close to its junction with St John Street within the town of Prestwick. The site itself is located within a densely populated residential area, surrounded by houses and flatted dwellings. Prestwick is situated within South Ayrshire council area of the West coast of Scotland with a resident population of c. 46,000

Subjects
The subjects comprise 22 no lock up / garage units situated on an irregular shaped site. The subjects comprise twin, single storey individual lockups, each overlaid by a pitched roof.

The site itself has been overlaid by a tarmacadam like surface which is a in a good condition.

Area
The subjects have been measured on a gross area basis to extend to the following:
Site: 547.93sqm (5,898sq ft)


Investment
The subjects are let by way of rolling annual licence agreements on an individual basis to primarily neighbouring occupiers of the residential dwellings along with some occupiers being out-with the immediate periphery utilising space for storage. The majority of the occupiers have leased for several years with current passing rent of £7,824per annum

Proposal
Our client is offering their freehold interest in the subjects for offers in excess of £143,000.

Alexandra Terrace, Prestwick
Extensive Lock-Up Site
Centre of Densely Populated Area
Multi-Let Units
Passing Rent: £7,872p.a.
Potential Rent Income of: £21,120
Offers In Excess of £150,000 (G.I.Y. 5.2%) Potential Reversionary Yield of 14%

Location
The subjects are situated on Alexandria Terrace to the rear of North Park Avenue, a heavily populated residential area within Ayr. The subjects are accessible via McCall Avenue leading onto Alexandria Terrace, the subjects themselves are accessed via a vehicular lane to the far end of Alexandria Terrace opening to the site itself with the parade facing East.

Subjects
The subjects comprise a row of single storey multi-let commercial lock-up space of traditional construction surmounted by a pitched roof overlaid in bituminous felt. Comprising 22 individual single garage style units, each unit benefits from single aluminium vehicular doors. Internally each unit is in shell condition with lighting provided by way of single or twin fluorescent strips with floors being of skreeded concrete.

The site itself has been overlaid by a tarmacadam like surface with intermittent pot holes being formed however primarily in a reasonable condition.

Area
The subjects have been measured on a gross area basis to extend to the following:

Site: 900.15sqm (9,689sq ft)

Investment

The subjects are let by way of rolling annual licence agreements on an individual basis to primarily neighbouring occupiers of the residential dwellings along with some occupiers being out-with the immediate periphery utilising space for storage. The majority of the occupiers have leased for several years with a current passing annual rent of £7,872per annum. The subjects are under rented at present creating an opportunity for rental uplift to £80pcm per unit (£21,120p.a.)

Proposal

Our client is offering their freehold interest in the subjects for offers in excess of £150,000 (G.I.Y. 5.2%) Potential Reversionary Yield of 14%

V.A.T.
All prices and premiums quoted are exclusive of V.A.T.

E.P.C.
Available on request

Viewing
The site can be viewed at any time, viewing samples of individual units can be arranged via the marketing agent


Legal

Each party shall bear their own legal costs incurred in the transaction


V.A.T.

Prices quoted are exclusive of V.A.T. We understand the transaction will not be elected for V.A.T.

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

The site and subjects can be viewed at any time externally
Various Lock Up Investments For Sale - Various Locations in Prestwick
Type: Residential, Storage, Industrial
Location: 174 Adamton Road South, KA9 2AQ
Images: 6
Brochures: 4
View Property
For SalePOA
DEVELOPMENT SITE FOR SALE (WHOLE OR PART MAY BE CONSIDERED)
The site is relatively flat, in the main grass covered and bound by Shaw Road and Monument Crescent. A circa 5 acre section to the south west of the site is affected by the presence of a grade B listed building (Shaw Tower), a footpath leading to Shaw Tower and an area of archaeological interest. Due to the proximity to the airport a height restriction on buildings exists for the site, ranging from 9.60 metres to 12.20 metres.
Monument Crescent, Shawfarm, Prestwick, KA9 2RQ
Type: General Industrial, Land, Industrial, Commercial Land
Location: Monument Crescent, Shawfarm, Prestwick, KA9 2RQ
Images: 2
View Property
For SalePOA
The site lends itself well to both an affordable housing development and as a care home/assisted living facility. The existing buildings have since been demolished leaving a clear brownfield site with an area of 2.91 acres. The site is currently zoned under the South Ayrshire LDP as being "General Commercial and Industry Area". Offers, exclusive of VAT, are sought for the feuhold interest in the site.

- Close to local services and amenities.
- Good transport links.
- Potential for commercial or residential use.
For Sale - Development Opportunity - Prestwick
Type: Residential
Location: Glenburn Road, Prestwick, KA9 2NS
Size: 2.91 Acres
Images: 1
Brochures: 1
View Property
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