TOWN CENTRE LOCATION
FULL BUILDING
SUBSTANTIAL GROUND, 1ST & 2ND FLOOR
PASSING RENT: £21,000p.a.x
E.R.V. £36,000p.a.x.
HELD ON F.R.I LEASE’S
Price: £215,000
Location
The property is situated on the north side of Newmarket Street, east of its junction with Sandgate within Ayr’s town centre. Ayr is the principal town in South Ayrshire with a resident population of around 46,800. The property is located on Newmarket Street, a popular town centre pedestrianised retailing area lying within close proximity of Ayr High Street. Nearby occupiers include Greggs, Card Factory, Ladbrokes and Poundland.
Property
The property comprises a substantial ground, 1st and 2nd floor commercial development of traditional construction surmounted by a pitched roof overlaid in slate forming 3 no. individual units with 2 no. at ground floor and 1 at upper floors.
The retail units each benefit from substantial glazed frontages and being well presented internally with partitions formed to provided office space, w.c. and tea prep facilities.
Area
The properties have been measured on a net internal area basis to extend to the following areas;
52 Newmarket Street:
Ground: 172.33sqm (1,855sq ft)
Basement: 64.3sqm (692sq ft)
52-56 Newmarket Street
Ground: 244.98sqm (2,637sq ft)
Basement: 103.8sqm (1117sq ft)
56 Newmarket Street
1st & 2nd: 578.32sqm (6,225sq ft)
Investment Summary
52-56 Newmarket Street
Tenant: Thomas Rogerson and Sons t/a Rieker
Term: 1st Feb 2003 - 31st Jan 2024
Passing Rent: £12,000p.a.x.
56 Newmarket Street
Tenant: Personal Name (t/a
Rent: £9,000p.a.x
Rent Increase: 22nd March 23 -21st March 26 to £12,000p.a.x.
Lease Expiry: 21st March
Tenant Break: March 26 Providing Not Less Than 6 Months Notice
Price
The property is available on a freehold basis for £215,000
E.P.C.
Available on request
V.A.T
Figures quoted are exclusive on V.A.T
Legal
Each party shall bear their own legal costs incurred in the transaction
Viewing
By appointment only
Lease & Title
Available on request
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant
