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.