Heritable Retail Investment
Heritable Retail Investment
Ayr is the principal town in South Ayrshire with a resident population of around 46,800. The property is located on Newmarket Street, a popular town centre pedestrianised retailing area lying within close proximity of Ayr High Street. Nearby occupiers include Greggs, Card Factory, Ladbrokes and Poundland.
Heritable. (Scottish Equivalent of Engilsh Freehold)
Ayr is the principal town in South Ayrshire with a resident population of around 46,800. The property is located on Newmarket Street, a popular town centre pedestrianised retailing area lying within close proximity of Ayr High Street. Nearby occupiers include Greggs, Card Factory, Ladbrokes and Poundland.
Heritable. (Scottish Equivalent of Engilsh Freehold)
The property comprises two ground floor retail units with self-contained office accommodation at first and second floor levels.
VAT is applicable to this lot.
Please contact Mhairi Archibald
Available at acuitus.co.uk
The property comprises two ground floor retail units with self-contained office accommodation at first and second floor levels.
VAT is applicable to this lot.
Please contact Mhairi Archibald
Available at acuitus.co.uk
| Address | Floor | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| 52 Newmarket Street |
Ground | 172.33 sq m |
(1,855 sq ft) |
THOMAS ROGERSON AND SONS t/a Rieker |
20 years from 01/02/2003 to 31/01/2023 (1) |
£22,500 | |
| 54-56 Newmarket Street |
Ground | 244.98 sq m |
(2,637 sq ft) |
MIRRORS & MORE LIMITED (2) |
10 years from 02/02/2018 to 01/02/2028 (2) |
(2) | 02/02/2020 & 02/02/2023 |
| 56 Newmarket Street |
First Second |
578.32 sq m |
(6,225 sq ft) |
VACANT POSSESSION |
|||
| Total | 995.63 sq m |
(10,717 sq ft) |
£22,500 | ||||
(1) The lease provides a tenant option to determine on 01/02/2021 (on not less than 6 months' and not more than 12 months' notice).
(2) The current tenant, Mirrors & More Limited, is no longer operating from the premises and the tenant company is due to be struck off the companies register on 31st March 2020 unless cause is shown why it should not be struck off. It is assumed the Company will be struck off due to the death of the sole shareholder and the fact that trade has ceased. The vendor has not acknowledged closure of the business and although the lease is still currently in place no rent is being paid. Further details can be found in the legal pack.
The lease provides an option to determine on 01/08/2023.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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