83 High Street Ayr South Ayrshire KA7 1QL

83 High Street
Ayr
South Ayrshire
KA7 1QL

Heritable Retail Investment

Let to Sportswift Limited trading as Card Factory
Prominent location in main retailing street in Ayr
Nearby occupiers include Marks & Spencer, Coral, H Samuel, Greggs, BHS and Superdrug
Rent rebased in 2013
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
18
Auction
9th July 2015
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£346,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Trust

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Heritable Retail Investment

Let to Sportswift Limited trading as Card Factory
Prominent location in main retailing street in Ayr
Nearby occupiers include Marks & Spencer, Coral, H Samuel, Greggs, BHS and Superdrug
Rent rebased in 2013
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 18
Auction 9th July 2015
Rent £40,000 per Annum Exclusive
Status Sold
Price £346,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Trust

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

Ayr is the administrative centre for South Ayrshire and has a population of 46,000 people. The property is located in a busy position on the High Street in Ayr town centre. The High Street has restricted vehicle access and the property is located adjacent to several bus stops. Neighbouring occupiers include Marks & Spencer, BHS, Greggs, H Samuel, Coral, RS McColl and
Ladbrokes.

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

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a modern ground floor retail unit with ancillary accommodation on the first floor.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

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 First	Retail Ancillary	170.00 sq m 56.20 sq m	(1,830 sq ft) (605 sq ft)	SPORTSWIFT LIMITED (1) (t/a Card Factory)	10 years from 09/06/2013 (2)	£40,000	10/06/2018 (09/06/2023)
Totals		226.20 sq m	(2,435 sq ft)			£40,000

(1) For the year ending 31st January 2014 Sportswift Limited reported a turnover of £313,182,000, pre-tax profits of £69,243,000 and a total net worth of £215,073,000. (Source: www.riskdisk.com 10/06/2014). The parent company, Card Factory plc have a market capitalisation of £1.190bn. (Source: The London Stock Exchange 16/06/2015) (2)The tenant has a break option on 9th June 2018.