114 High Street Ayr KA7 1PQ

114 High Street
Ayr
KA7 1PQ

Heritable Retail Investment

  • Prominent retail unit on High Street in Ayr
  • Let to Harvey and Thompson Limited until August 2022
  • Unit has recently been refurbished and rebranded
  • Neighbouring occupiers include Marks & Spencer, H. Samuel, Tesco Express and Santander
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    70
  • Auction
    19th May 2016
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Heritable Retail Investment

  • Prominent retail unit on High Street in Ayr
  • Let to Harvey and Thompson Limited until August 2022
  • Unit has recently been refurbished and rebranded
  • Neighbouring occupiers include Marks & Spencer, H. Samuel, Tesco Express and Santander
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 70
  • Auction 19th May 2016
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
38 miles south of Glasgow, 83 miles south-west of Edinburgh
Roads
M77, A77
Rail
Ayr Railway Station (ScotRail)
Air
Prestwick Airport (3 miles north), Glasgow International Airport (41 miles north)
Situation

The property is located at the northern end of the High Street in Ayr town centre. The High Street has restricted vehicle access and the property is located opposite several bus stops. Neighbouring occupiers include BHS, Marks & Spencer, Monsoon, H. Samuel, Coral, RS McColl and Ladbrokes. Ayr has a population of approximately 47,000 and is the most populated settlement in the south of Scotland. The town is well connected by road (M77 to Glasgow) and rail. Prestwick Airport is located just 3 miles south of the town.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
38 miles south of Glasgow, 83 miles south-west of Edinburgh
Roads
M77, A77
Rail
Ayr Railway Station (ScotRail)
Air
Prestwick Airport (3 miles north), Glasgow International Airport (41 miles north)
Situation

The property is located at the northern end of the High Street in Ayr town centre. The High Street has restricted vehicle access and the property is located opposite several bus stops. Neighbouring occupiers include BHS, Marks & Spencer, Monsoon, H. Samuel, Coral, RS McColl and Ladbrokes. Ayr has a population of approximately 47,000 and is the most populated settlement in the south of Scotland. The town is well connected by road (M77 to Glasgow) and rail. Prestwick Airport is located just 3 miles south of the town.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor retail unit with ancillary accommodation at first floor level. It is of traditional stone construction, benefiting from return frontage onto Kirk Street. The tenant has recently refurbished the retail unit including rebranding.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis.
Telephone: +44 (0)131 552 5191.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with ancillary accommodation at first floor level. It is of traditional stone construction, benefiting from return frontage onto Kirk Street. The tenant has recently refurbished the retail unit including rebranding.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis.
Telephone: +44 (0)131 552 5191.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review (Reversion)
Ground Retail
77.76 sq m
(837 sq ft)
HARVEY AND
THOMPSON
LIMITED (1)
15 years from 06/08/07
on full repairing and
insuring terms
£50,000 06/08/2017
(05/08/2022)
First Ancillary
118.63 sq m
(1,277 sq ft)
Totals  
196.40 sq m
(2,114 sq ft)
    £50,000  

(1) For the year ending 31st December 2015, Harvey and Thompson Limited reported a turnover of £89,244,000, pre-tax profits of £7,636,000 and a total net worth of £71,545,000 (Source: www.riskdisk.com 21/04/2016).

Property Documents

  • Catalogue Page
    Updated Date
    27.04.16
    File Size
    666 KB
    View PDF
  • Site Plan
    Updated Date
    27.04.16
    File Size
    230 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Associate AuctioneersGraeme Miller +44(0)131 225 1559graeme.miller@g-s.co.uk
Seller's Solicitors
DLA Piper LLP Rutland Square
Edinburgh
EH1 2AA
Scott Ferrier 0131 242 5078scott.ferrier@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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