15 River Street
Ayr
South Ayrshire
KA8 0AX

Heritable Retail Investment

  • Highly prominent site at main roundabout in Ayr town centre
  • Large site with c. 300 car parking spaces
  • Nearby occupiers include Aldi, Police Scotland and within a five minute walk of Ayr High Street
  • Currently producing 300,000p.a.x.
  • Lot
    21
  • Auction
    23/Sep/2020
  • Rent
    £300,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,750,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 15 River Street<br>Ayr<br>South Ayrshire<br>KA8 0AX
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* More information on the term "price" can be found here

Property Information

Location
Miles
15 miles west of Kilmarnock
37 miles south-west of Glasgow
Roads
M77, A71, M74
Rail
Ayr Railway Station (mainline)
Air
Prestwick International Airport (4 miles north)
Situation

Located at the major roundabout at the junction of John Street( A79) leading from the M77 to Ayr town centre. The property occupies a large site with retail access off River Street with the site stretching along John Street to the roundabout. The site includes the large retail shop and a large surface car park

Tenure

Heritable.

Description

The property, a former supermarket, comprises a modern two storey brick building with rooftop car parking together with further ground level carparking on an adjacent site. There are a total of c. 300 car parking spaces.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald (07718 899341)

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundRetail
5,200 sq m
55,973 sq ft
TJX UK (1)22/11/2006
to 21/11/2025
on FRI terms
£300,000 
Total
5,200 sq m
55,973 sq ft
  £300,000 

(1) TJX UK operate as the brand TK Maxx in the UK. The first TK Maxx store was opened in the UK in 1994 with a total of 349 stores throughout the country now. For the year to February 2019, TJX UK reported a turnover of 3,157,800,000, Pre tax profit of 120,500,000 and shareholders funds of 723,700,000 (Source: Experian 26/08/20)

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.09.20
    File Size
    91 MB
    Login to View
  • Catalogue Page
    Updated Date
    04.09.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    04.09.20
    File Size
    652 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP 1 George Square
Glasgow
G2 1AL
Rachel Dunn +44 330 222 1710 rachel.dunn@dentons.com  Simon Etchells .SIMON.ETCHELLS@DENTONS.COM

Useful Links

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