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MULTI LET INVESTMENT FOR SALE - NEWMARKET STREET, AYR, KA7 1LR

For sale: POA|Land, Retail, Office, Retail - High Street, Showroom, Commercial Land, Offices, Other Property Types & Opportunities

Property details

FOR SALEPOA
ADDRESS52-56 Newmarket Street, Ayr, KA7 1LR
TYPELand, Retail, Office, Retail - High Street, Showroom, Commercial Land, Offices, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON22nd December 2022

Description

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

Location

marker
Location: 52-56 Newmarket Street, Ayr, KA7 1LR

Ayr (0.3 miles)

Newton-on-Ayr (1.1 miles)

Prestwick Town (2.7 miles)

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