5 Alloway Street Ayr Ayrshire KA7 1SP

5 Alloway Street
Ayr
Ayrshire
KA7 1SP

Heritable Retail Investment

Let to TCCT Retail Limited t/a Thomas Cook
Prominent position on busy town centre retailing thoroughfare
Close to The Arran Mall and Ayr Central Mall
Nearby occupiers include M&Co, Caffè Nero, William Hill and Greggs
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
48
Auction
25th May 2017
Rent
£32,500 per Annum Exclusive
Status
Sold
Price
£240,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of a Major Fund Manager

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Heritable Retail Investment

Let to TCCT Retail Limited t/a Thomas Cook
Prominent position on busy town centre retailing thoroughfare
Close to The Arran Mall and Ayr Central Mall
Nearby occupiers include M&Co, Caffè Nero, William Hill and Greggs
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 48
Auction 25th May 2017
Rent £32,500 per Annum Exclusive
Status Sold
Price £240,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions 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 Rail
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 position on the busy retailing thoroughfare of Alloway Street, close to The Arran Mall and Ayr Central Mall which house occupiers including Debenhams, H&M and Clarks. Other nearby occupiers include M&Co, Caffè Nero, William Hill and Greggs.

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 Rail
Air: Prestwick Airport (3 miles north) , Glasgow International Airport (41 miles north)

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a prominent retail unit on the south side of Alloway Street, immediately opposite Hourston’s Department Store. The unit comprises a ground floor retail
unit and first floor staff and ancillary accommodation.

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	Reversion
Ground First	Retail Ancillary	84.73 sq m 78.24 sq m	(912 sq ft) (842 sq ft)	TCCT RETAIL LIMITED (1) t/a Thomas Cook	8 years from 27/10/2011 (2)	£32,500	26/10/2019
Total		162.97 sq m	(1,754 sq ft)			£32,500

(1) TCCT Retail Limited is a subsidiary of Thomas Cook Group Plc. Thomas Cook Group Plc is one of the world’s leading leisure travel groups, with sales of over £8.5 billion and more than 22 million customers. The group is supported by c.22,000 employees and operates from 15 countries (www.thomascookgroup.con 13/4/2017).
(2) For the purpose of clarification, the original lease was a term of 5 years expiring 26/10/2016, in addition, a 3 year lease extension was agreed from expiry of the lease expiring 26/10/2019.