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
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of Telereal Trillium
  • Expand
  • Photos
  • Map

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

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
  • 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

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.

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

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.

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).

Property Documents

  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    602 KB
    View PDF
  • Site Plan
    Updated Date
    03.05.17
    File Size
    2 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
DLA Piper LLP Collins House, Rutland Square
Edinburgh
EH1 2AA
Robin Eaton 0131 345 5183robin.eaton@dlapiper.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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