52 / 66 Newmarket Ayr Ayrshire KA7 1LR

52 / 66 Newmarket
Ayr
Ayrshire
KA7 1LR

Heritable Retail Investment

  • Two storey building comprising two retail units and office
  • Well located close to High Street
  • Nearby occupiers including Greggs and Card Factory
  • Asset management opportunities
  • Lot
    49
  • Auction
    12th February 2020
  • Rent
    £22,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On behalf of a Major Asset Manager
Important Update
  • Expand
  • Photos
  • Map

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

Heritable Retail Investment

  • Two storey building comprising two retail units and office
  • Well located close to High Street
  • Nearby occupiers including Greggs and Card Factory
  • Asset management opportunities
  • Lot 49
  • Auction 12th February 2020
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On behalf of a Major Asset Manager

Property Information

Location
Miles
35 miles south-west of Glasgow
70 miles south-west of Edinburgh
Roads
A76, A77, M77
Rail
Ayr Railway Station
Air
Glasgow Prestwick and Glasgow International
Situation

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.

Tenure

Heritable. (Scottish Equivalent of Engilsh Freehold)

Location
Miles
35 miles south-west of Glasgow
70 miles south-west of Edinburgh
Roads
A76, A77, M77
Rail
Ayr Railway Station
Air
Glasgow Prestwick and Glasgow International
Situation

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.

Tenure

Heritable. (Scottish Equivalent of Engilsh Freehold)

Description

The property comprises two ground floor retail units with self-contained office accommodation at first and second floor levels.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald

EPC

Available at acuitus.co.uk

Description

The property comprises two ground floor retail units with self-contained office accommodation at first and second floor levels.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald

EPC

Available at acuitus.co.uk

Tenancy & Accommodation

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    581 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    582 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Burness Paull 120 Bothwell Street
Glasgow
Glasgow
G2 7JL
Yvonne Byrne 0141 273 6724Yvonne.Byrne@burnesspaull.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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