24 Hope Street Ayr Ayrshire KA7 1LT

  • 24 Hope Street<br>Ayr<br>Ayrshire<br>KA7 1LT

24 Hope Street
Ayr
Ayrshire
KA7 1LT

Heritable Retail Investment

  • Let to Ramsdens Financial Limited until 2022
  • 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
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Heritable Retail Investment

  • Let to Ramsdens Financial Limited until 2022
  • 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).

Contacts

Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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