Let to Martin McColl Limited until June 2032 (No breaks)
Fixed rental increases to £25,393.84 on 11/06/2017, £28,036.83 on 11/06/2022 and £30,954.90 on 11/06/2027 (2)
Prominent corner position in a densely populated residential area
1.5 miles from Ayr Town Centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 46
Auction 16th February 2017
Rent £25,393 per Annum Exclusive
Status Sold Prior
Price
Sector Supermarket/Convenience
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
38 miles south of Glasgow, 83 miles south-west of Edinburgh (ScotRail)
Roads
A77, A70, A78
Rail
Ayr & Newton-on-Ayr
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 1.5 miles north of Ayr town centre in a the densely populated residential area of Dalmilling. The property forms part of a small local retail parade
Tenure
Heritable. (Scottish Equivalent of a Freehold) .
Location
Miles
38 miles south of Glasgow, 83 miles south-west of Edinburgh (ScotRail)
Roads
A77, A70, A78
Rail
Ayr & Newton-on-Ayr
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 1.5 miles north of Ayr town centre in a the densely populated residential area of Dalmilling. The property forms part of a small local retail parade
Tenure
Heritable. (Scottish Equivalent of a Freehold) .
Description
The property comprises a ground floor convenience store with parking for approximately 2 cars to the rear.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property. Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191
Email: mhairi.jarvis@acuitus.co.uk.
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 ground floor convenience store with parking for approximately 2 cars to the rear.
VAT
VAT is not applicable to this lot.
Viewings
There will be a block viewing for this property. Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191
Email: mhairi.jarvis@acuitus.co.uk.
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
Reviews
Ground
Convenience Store
130.52 sq m
(1,405 sq ft)
MARTIN MCCOLL LIMITED (1)
20 years from 11/06/2012 until 10/06/2032
£25,393.84 (2)
11/06/2017 and 5 yearly (2)
Total
130.52 sq m
(1,405 sq ft)
£25,393.84 (2)
(1) For the year ending 29th November 2015, Martin McColl Limited reported a turnover of £489,336,000, pre-tax profits of £22,229,000 and a total net worth of £91,307,000. (Source: Experian Group 18/01/2017) (2) The lease provides fixed rental increases to £25,393.84 on 11/06/2017, £28,036.83 on 11/06/2022 and £30,954.90 on 11/06/2027. The seller has agreed to adjust the completion monies so that the unit will effectively produce £25,393.84 p.a.x. from completion of the sale
