11 / 15 Aitken Street Largs East Ayrshire KA30 8AY

11 / 15 Aitken Street
Largs
East Ayrshire
KA30 8AY

Heritable Retail Investment

Let to Royal Mail Group Limited and William Hill Organization Limited
Approximately 5,694 sq ft on a site area of approximately 0.275 acres
New 5 year lease (renewal) to William Hill
Annual rental increases on Royal Mail Group Limited lease
Future Redevelopment Potential (subject to leases and consents)
Nearby occupiers include Tesco Express, Superdrug and M&Co
Popular Seaside Destination
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
25
Auction
25th May 2017
Rent
£32,344 per Annum Exclusive
Status
Sold
Price
£380,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Telereal Trillium

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Heritable Retail Investment

Let to Royal Mail Group Limited and William Hill Organization Limited
Approximately 5,694 sq ft on a site area of approximately 0.275 acres
New 5 year lease (renewal) to William Hill
Annual rental increases on Royal Mail Group Limited lease
Future Redevelopment Potential (subject to leases and consents)
Nearby occupiers include Tesco Express, Superdrug and M&Co
Popular Seaside Destination
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 25
Auction 25th May 2017
Rent £32,344 per Annum Exclusive
Status Sold
Price £380,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Telereal Trillium

Property Information

Location

Miles: 23 miles north-west of Kilmarnock, 29 miles west of Glasgow
Roads: A78, A760, A737
Rail: Largs Railway Station
Air: Glasgow International Airport

Situation

The property is located on the western side of Aitken Street, north of its junction with Main Street, in the heart of Largs town centre. Nearby occupiers include Tesco Express, Superdrug, M&Co and Card Factory, with WHSmith and branches of TSB, Clydesdale and Bank of Scotland banks also represented within the town. Gateside Street Car Park is located nearby which provides car parking for approximately 70 cars.

Tenure

Heritable.

Location

Miles: 23 miles north-west of Kilmarnock, 29 miles west of Glasgow
Roads: A78, A760, A737
Rail: Largs Railway Station
Air: Glasgow International Airport

Situation

Tenure

Heritable.

Description

The property comprises a betting shop and a Royal Mail delivery office (arranged as three separate buildings). There is a yard area to the rear of the property which can be accessed from an entrance on Aitken Street.

VAT

VAT is not 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

VAT

VAT is not 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
Ground	Post Office/ Delivery Office	436.64 sq m	(4,700 sq ft)	ROYAL MAIL GROUP LIMITED (1)	Approximately 15 years and five months from 05/10/2006 until 24/03/2022	£16,344 (2)
Ground	Retail/Ancillary	92.35 sq m	(994 sq ft)	WILLIAM HILL ORGANIZATION LIMITED (3)	Approximately 5 years from 01/04/2017 until 24/03/2022	£16,000
Total		528.99 sq m	(5,694 sq ft)			£32,344

(1) For the year ending 27th March 2016, Royal Mail Group Limited reported a turnover of £7,675,000,000, pre-tax profits of £99,000,000 and a total net worth of £3,686,000,000 (Source: Experian Group 24/04/2017) - a part of Royal Mail Plc.
(2) The lease is subject to annual fixed rental increases, rising on 25th March 2018 to £16,752 per annum and to £18,040 per annum by 25th March 2021.
(3) For the year ending 29th December 2015, William Hill Organization Limited reported a turnover of £873,900,000, pre-tax profits of £246,400,000 and a total net worth of £-625,000,000 (Source: Experian Group 24/04/2017).