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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

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

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

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

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)	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)
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).