10-12 The Cross Prestwick South Ayrshire KA9 1AJ

10-12 The Cross
Prestwick
South Ayrshire
KA9 1AJ

  • 10-12 The Cross<br>Prestwick<br>South Ayrshire<br>KA9 1AJ

Heritable Restaurant Investment

  • Prominent Location On Main Thoroughfare
  • Established Retailing Parade
  • Let to D.P Realty Ltd (trading as Dominos Pizza)
  • Lease expiries 19th November 2040 subject to option
  • Fixed Rental Increase to £25,000 p.a.
  • VAT- Free Investment
  • Lot
    23
  • Auction
    13/Dec/2021
  • Rent
    £21,500 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
2 miles north of Ayr
30 miles south west of Glasgow
Roads
A77, A70, A719
Rail
Prestwick Town
Air
Glasgow Prestwick Airport
Situation

Prestwick is a coastal town in South Ayrshire, Scotland located 30 miles south west of Glasgow and 2 miles north of Ayr. Prestwick has a resident population of 15,000 people. The A77 bypasses the town which connects with Glasgow to the north. The town is served by a mainline railway station linking to Ayr to the south and Glasgow Central to the north. Prestwick also has an international airport with daily flights to countries throughout Europe. The Property is situated on the west side of The Cross, South of its junction with Kirk Street and North of Station Road, within Prestwick's commerce centre. Nearby occupiers include The Post Office, Ladbrokes, Boots the Chemist & Limegreen Estate Agents.

Tenure

Heritable.

Location
Miles
2 miles north of Ayr
30 miles south west of Glasgow
Roads
A77, A70, A719
Rail
Prestwick Town
Air
Glasgow Prestwick Airport
Situation

Prestwick is a coastal town in South Ayrshire, Scotland located 30 miles south west of Glasgow and 2 miles north of Ayr. Prestwick has a resident population of 15,000 people. The A77 bypasses the town which connects with Glasgow to the north. The town is served by a mainline railway station linking to Ayr to the south and Glasgow Central to the north. Prestwick also has an international airport with daily flights to countries throughout Europe. The Property is situated on the west side of The Cross, South of its junction with Kirk Street and North of Station Road, within Prestwick's commerce centre. Nearby occupiers include The Post Office, Ladbrokes, Boots the Chemist & Limegreen Estate Agents.

Tenure

Heritable.

Description

The property comprises a ground floor restaurant. The property benefits from rear door with external, separate bin store within a brick build storage cupboard, with entranceway to an open plan rear yard area.

VAT

VAT is not applicable to this lot.

Completion Period

6 week completion

EPC

See Legal Pack at www.acuitus.co.uk

Description

The property comprises a ground floor restaurant. The property benefits from rear door with external, separate bin store within a brick build storage cupboard, with entranceway to an open plan rear yard area.

VAT

VAT is not applicable to this lot.

Completion Period

6 week completion

EPC

See Legal Pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Review
Ground Restaurant
110.98 sq m
(1,195 sq ft)
DP REALTY LIMITED
T/A DOMINOS
PIZZA (1)
20 years from
20/11/2020 on a full
repairing and
insuring lease (2)
£21,500 rising to
£25,000
20 November
2025 and
every 5 years
thereafter
Total
110.98 sq m
(1,195 sq ft)
    £21,500 rising to£25,000  

(1) For the year to 27/12/2020 DP Realty Limited reported a turnover of £2,759,000 and a Pre Tax Profit of £1,049,000. Domino's trade from 1,200 locations in the UK and Ireland have more than 35,000 team members.
(2) The lease provides for a tenant option to determine on 20/11/2028

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.

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
    24.11.21
    File Size
    18 MB
    Login to View
  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    524 KB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    841 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Associate Auctioneers
TSA Property Consultants 3rd Floor 162 Buchanan Street
GLASGOW
Lanarkshire
G1 2LL
Jas Aujla 07810 717 229jas@tsapc.co.uk
Seller's Solicitors
MTL Law 126 W Regent St,
Glasgow
Lanarkshire
G2 2RQ
David Morris 0141 222 5793david@mtllaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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