85 - 87 High Street Ayr Ayrshire KA7 1QL

85 - 87 High Street
Ayr
Ayrshire
KA7 1QL

Heritable Retail Investment

  • Prominent location in main retailing street in Ayr
  • New 15 year lease to Greggs Limited
  • Unit fitted out in Greggs new corporate style
  • Nearby occupiers include Marks & Spencer, Card Factory, Coral, H Samuel and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    67
  • Auction
    13th October 2016
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £480,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
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  • Photos
  • Map

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

Heritable Retail Investment

  • Prominent location in main retailing street in Ayr
  • New 15 year lease to Greggs Limited
  • Unit fitted out in Greggs new corporate style
  • Nearby occupiers include Marks & Spencer, Card Factory, Coral, H Samuel and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 67
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £480,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    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

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, Tesco Express, Clinton Cards, Card Factory, H Samuel, Coral, RS McColl and Superdrug.

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

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, Tesco Express, Clinton Cards, Card Factory, H Samuel, Coral, RS McColl and Superdrug.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises the ground floor retail unit within a larger
traditional building. The upper floors of the property are under
separate ownership.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises the ground floor retail unit within a larger
traditional building. The upper floors of the property are under
separate ownership.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Address Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
85/87 High Street Retail
171.68 sq m
(1,848 sq ft)
GREGGS PLC 15 years from
05/08/2016 (1)
(2)
£30,000
(3)
05/08/2021, 05/08/2026 (05/08/2031)
Total  
171.68 sq m
(1,848 sq ft)
    £30,000  

(1) The first Greggs shop began trading 65 years ago and the company now operates from approximately 1,700 stores throughout the UK (Source: www.greggs.co.uk). The company employs some 20,000 people. For the year ended 02/01/2016, Greggs PLC reported a turnover of £835,749,000, a pre-tax profit of £73,028,000 and a net worth of £256,026,000 (Source: Risk Disk 16/09/2016)
(2) The tenant has a break option on 04/08/2026 on not less than 6 months’ written notice.
(3) The current rental income for 85/87 High Street, Ayr is £30,000 per annum from 16th March 2018. The Seller has agreed to adjust the completion monies so that the property effectively produces £30,000 per annum from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    594 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    76 KB
    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
Addleshaw Goddard LLP Exchange Tower, 19 Canning Street
Edinburgh
EH3 8EH
Joanne Moynan 0131 222 9457joanne.moynan@addleshawgoddard.com

Useful Links

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

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