Prominent location on pedestrianised retailing pitch
Nearby occupiers include Marks & Spencer, Coral, Santander and Card Factory
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 81
Auction 30th March 2017
Rent £11,250 per Annum Exclusive
Status Sold
Price £105,000
Sector High Street Retail
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
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 occupies a prominent corner position fronting Hope Street, close to its junction with New Market Street. Hope Street is the pedestrianised pitch just off High Street and houses occupiers including Card Factory, Santander, Ladbrokes and British Heart Foundation. Other nearby occupiers include Marks & Spencer, Poundland and Cancer Research.
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 occupies a prominent corner position fronting Hope Street, close to its junction with New Market Street. Hope Street is the pedestrianised pitch just off High Street and houses occupiers including Card Factory, Santander, Ladbrokes and British Heart Foundation. Other nearby occupiers include Marks & Spencer, Poundland and Cancer Research.
Tenure
Heritable. (Scottish equivalent of English Freehold) .
Description
The property comprises a ground floor retail unit with basement ancillary accommodation which forms part of a larger building.
VAT
VAT is 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 ground floor retail unit with basement ancillary accommodation which forms part of a larger building.
VAT
VAT is 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
Review/(Reversion)
Ground Basement
Retail Ancillary
44.03 sq m Not Measured
(474 sq ft)
RAMSDENS FINANCIAL LIMITED (1)
10 years from 27/07/2012 until 26/07/2022
£11,250
27/07/2017
Totals
44.03 sq m
(474 sq ft)
£11,250
(1) For the year ending 31st March 2016, Ramsdens Financial Limited reported a turnover of £29,977,693, pre-tax profits of £3,402,239 and a total net worth of £19,847,757 (Source: Experian Group 27/02/2017). Ramsdens offer a wide range of products and services to thousands of customers, both on the high street and online with over 120 branches throughout the UK (Source: www.ramsdensforcash.co.uk 27/02/2017).