5 Alloway Street Ayr Ayrshire KA7 1SP

5 Alloway Street
Ayr
Ayrshire
KA7 1SP

Heritable Retail Investment

  • Let to TCCT Retail Limited t/a Thomas Cook
  • Prominent position on busy town centre retailing thoroughfare
  • Close to The Arran Mall and Ayr Central Mall
  • Nearby occupiers include M&Co, Caffè Nero, William Hill and Greggs
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    48
  • Auction
    25th May 2017
  • Rent
    £32,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £240,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Major Fund Manager
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Let to TCCT Retail Limited t/a Thomas Cook
  • Prominent position on busy town centre retailing thoroughfare
  • Close to The Arran Mall and Ayr Central Mall
  • Nearby occupiers include M&Co, Caffè Nero, William Hill and Greggs
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 48
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £240,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Major Fund Manager

Property Information

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

Ayr is the administrative centre for South Ayrshire and has a population of 46,000 people. The property occupies a prominent position on the busy retailing thoroughfare of Alloway Street, close to The Arran Mall and Ayr Central Mall which house occupiers including Debenhams, H&M and Clarks. Other nearby occupiers include M&Co, Caffè Nero, William Hill and Greggs.

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 Rail
Air
Prestwick Airport (3 miles north) , Glasgow International Airport (41 miles north)
Situation

Ayr is the administrative centre for South Ayrshire and has a population of 46,000 people. The property occupies a prominent position on the busy retailing thoroughfare of Alloway Street, close to The Arran Mall and Ayr Central Mall which house occupiers including Debenhams, H&M and Clarks. Other nearby occupiers include M&Co, Caffè Nero, William Hill and Greggs.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a prominent retail unit on the south side of Alloway Street, immediately opposite Hourston’s Department Store. The unit comprises a ground floor retail
unit and first floor staff and ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises a prominent retail unit on the south side of Alloway Street, immediately opposite Hourston’s Department Store. The unit comprises a ground floor retail
unit and first floor staff and ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

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 Reversion
Ground
First

Retail
Ancillary
84.73 sq m
78.24 sq m
(912 sq ft)
(842 sq ft)
TCCT RETAIL LIMITED (1)
t/a Thomas Cook

8 years from
27/10/2011 (2)
£32,500
26/10/2019
Total  
162.97 sq m
(1,754 sq ft)
    £32,500
 

(1) TCCT Retail Limited is a subsidiary of Thomas Cook Group Plc. Thomas Cook Group Plc is one of the world’s leading leisure travel groups, with sales of over £8.5 billion and more than 22 million customers. The group is supported by c.22,000 employees and operates from 15 countries (www.thomascookgroup.con 13/4/2017).
(2) For the purpose of clarification, the original lease was a term of 5 years expiring 26/10/2016, in addition, a 3 year lease extension was agreed from expiry of the lease expiring 26/10/2019.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    773 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    3 MB
    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
Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

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

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