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).