Mecca Bingo, The Playhouse
4 Boswell Park
Ayr
South Ayrshire
KA7 1NW

Heritable Leisure Investment

  • Entirely let to Mecca Bingo Ltd on an extended lease until 2026
  • Substantial building of 3,270.18 sq m (35,187 sq ft) on an approximate site area of 0.145 hectares (0.357 acres)
  • Town centre location adjacent to Ayr Bus station (operated by Stagecoach West Scotland)
  • Nearby occupiers include Post Office Sorting Office and a variety of retail and leisure operators
  • Lot
    38
  • Auction
    16/Jun/2021
  • Rent
    £166,498 per Annum Exclusive
  • Status
    Available
  • Price*
    £375,000
  • Sector
    Leisure
  • Auction Venue
    Live Streamed Auction
  • On behalf of Trustees
Important Update
  • Mecca Bingo, The Playhouse<br>4 Boswell Park<br>Ayr<br>South Ayrshire<br>KA7 1NW
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* More information on the term "price" can be found here

Property Information

Location
Miles
38 miles south-west of Glasgow, 60 miles north-west of Dumfries
Roads
M77, A77, A70
Rail
Ayr Railway Station
Air
Glasgow Prestwick Airport (4 miles),
Glasgow International Airport (37 miles north)
Situation

The property is located close to the High Street in Ayr town centre. Fronting onto Boswell Park the property is bounded by Douglas Street to the east, Fullarton Street to the south and Sandgate (A719) to the west. The property is adjacent to Ayrs bus station (operated by Stagecoach West Scotland) and opposite the Post Office Sorting Office and site. Other neighbouring occupiers include Cooperative Food and The West Kirk, a JD Wetherspoon public house.

Tenure

Heritable.

Description

The property is a B listed detached former cinema which has been a bingo hall for the last 20 years, providing a reception area, gaming hall and ancillary and office accommodation over ground and first floors.

VAT

VAT is applicable to this lot.

Note

Please note, the buyer will pay 1% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see special conditions of sale.

Viewings

Please contact Mhairi Archibald (07718 899341)

Completion Period

Six week completion available

EPC

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

Tenancy & Accommodation

AccommodationUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
Ground/FirstLeisure
3,270.18 sq m
(35,187 sq ft)
MECCA BINGO
LTD (1)
20 years from
10/08/2006 to
27/09/2026 on FRI
terms (2) (3)
£166,498.7428/09/2021
Total
3,270.18 sq m
(35,187 sq ft)
  £166,498.74 (2) 

(1) Mecca Bingo is a UK-based company and operator of 76 bingo clubs located across major towns and cities. Mecca Bingo is owned by The Rank Group, which operates bingos, casinos and online gaming industries across Belgium, Spain and the UK. For the financial year to 30/06/2020 Mecca Bingo Limited reported a turnover of £132,809,000, a profit before tax of £3,077,000 and a new worth of £66,405,000.
(2) The current lease has been extended from 28/09/2021 to 28/09/2026. The extended lease to Mecca Bingo Limited is subject to a rebased rent of £60,000p.a.x.
(3) The lease is subject to a break option on 28/03/2023 and 28/09/2024

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
    10.06.21
    File Size
    8 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    662 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    812 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Burness Paull LLP 120 Bothwell Street
Glasgow
G2 7JL
Graeme Bradshaw 0141 273 6976graeme.bradshaw@burnesspaull.com  Michael Stewart 0141 273 6891michael.stewart@burnesspaull.com

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