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ORIGINAL FACTORY SHOP INVESTMENT FOR SALE - TROON TOWN CENTRE

For sale: POA|12317 Sq Ft|Warehouse, Retail, Office, Retail - High Street, Retail - Out of Town, Industrial, Offices

PROPERTY DETAILS

FOR SALEPOA
SIZE12317 Sq Ft
ADDRESSOriginal Factory Shop, 75-79 Portland Street, Troon, South Ayrshire, KA10 6QU
TYPEWarehouse, Retail, Office, Retail - High Street, Retail - Out of Town, Industrial, Offices
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON21st September 2020

DESCRIPTION

Extensive Retail Unit
Situated In Affluent Town Of Troon
Large Frontage
12,317sq ft
Tenant: The Factory Shop Ltd
Review: August 2021
Passing Rent: £39,630.72p.a.x (Rebased from £88,000per annum)
Price: £380,000

Location

The property is situated on the north-west side of Portland Street within the coastal town of Troon.

The location benefits from being within a high footfall location and a main thoroughfare in the town.

Troon is a town in South Ayrshire, situated on the west coast of Scotland, about 8 miles (13 km) north of Ayr and 3 miles (5 km) northwest of Prestwick Airport. Troon has a population in excess of 14,750 with a further catchment from Prestwick, Ayr & Barassie. Neighbouring occupiers include Bruce’s Well, Troon Swimming Pool, New Look and Poundland.

Property

The subjects comprise a ground floor retail unit set within a larger 2 storey commercial development surmounted by a flat roof overlaid in bitumen felt.

Benefiting from a large, glazed frontage, access to the property is gained via double doors at street level with loading area accessible via a common pend to the north of the property.

Internally the property has been fitted out to a high standard by the tenant, and in accordance with their corporate specifications. Lighting is provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. Floors have been overlaid in laminated timber and carpet throughout. To the rear of the development, partitions have been erected to form large storage area, staff facilities, office and w.c facilities.

Area

The property has been measured on a net internal area basis and have been calculated to offer the following floor area:

Ground: 1,144.29sqm (12,317sq ft)

Investment

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: The Factory Shop Ltd
Expiry: August 2026
Rent: £39,630.72p.a.x (rebased from £88,000p.a.x)
Review: August 2021
Overview: The Factory Shop (t/a The Original Factory Shop) opened in 1969 offering a variety of discounted goods. Currently the company operated from 215 stores in the U.K along with a strong online presence, facilitating demand from its 100,000sq ft warehouse in Burnley. The Factory Shop reporter a revenue of £193,000,000 with over 2,100 employees.

Price

The property is available on a freehold basis for £380,000

V.A.T

Prices quoted are exclusive of V.A.T

E.P.C

Available on request

Legal

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

Lease & Title

Available on request

LOCATION

Location: Original Factory Shop, 75-79 Portland Street, Troon, South Ayrshire, KA10 6QU

Troon (0.3 miles)

Barassie (0.9 miles)

Prestwick International Airport (3.6 miles)

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