From
£435,000
Property for saleAyr KA7
Auction
About this property
To be offered in 11 December Auction
Heritable Shop Investment
Substantial property arranged over 11,008 sq ft
Entirely let to wh Smith on a lease expiring 2029(1)
Nearby occupiers include Vodafone, O2 and Pandora amongst others
VAT is appliable
Investment let at £60,000 p.a. (13.8% giy on Guide Price)
Strapline
Auction Sale - 11/12/2024
Substantial high street shop investment let to wh Smith until 2029 at £60,000 pa
Description
The property is arranged over ground and two upper floors to provide a substantial shop over ground and first floor with ancillary accommodation.
Location
The coastal town of Ayr is located 35 miles south-west of Glasgow and is the commercial and administrative centre for South Ayrshire.
The property is situated on the east side of HIgh Street and opposite the entrance to the Kyle Centre
Nearby occupiers include Claire's, Admiral, Vodafone, Pandora, Nationwide and O2 amongst many others.
Transport
Road - The town lies on the A77, which provides access to the M77 Motorway
Tenancy
Let to wh Smith Retail Holdings Ltd on a full repairing and insuring (frii) lease for a term expiring January 2029 at £60,000 per annum.
(1)The lease provides for a tenant break option in February 2027
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Website: Wh Smith
For the year ended August 2023 wh Smith Retail Holdings Limited reported the following;
D&B Rating· 5A1
Turnover·£218,500,000
Pre-tax profit· -£97,759,000
Shareholders Funds(Source: Incans 26.11.2024)
Accommodation
Ground - 411.84 sq m (4,433 aq ft)
First - 369.47 sq m (3,977 sq ft)
Second - 241.36 sq m (2,598 sq ft)
Total - 1,022.68 sq m (11,008 sq ft)
Auction Sale - 11/12/2024
Substantial high street shop investment let to wh Smith until 2029 at £60,000 pa
Description
The property is arranged over ground and two upper floors to provide a substantial shop over ground and first floor with ancillary accommodation.
Location
The coastal town of Ayr is located 35 miles south-west of Glasgow and is the commercial and administrative centre for South Ayrshire.
The property is situated on the east side of HIgh Street and opposite the entrance to the Kyle Centre
Nearby occupiers include Claire's, Admiral, Vodafone, Pandora, Nationwide and O2 amongst many others.
Transport
Road - The town lies on the A77, which provides access to the M77 Motorway
Tenancy
Let to wh Smith Retail Holdings Ltd on a full repairing and insuring (frii) lease for a term expiring January 2029 at £60,000 per annum.
(1)The lease provides for a tenant break option in February 2027
---
Website: Wh Smith
For the year ended August 2023 wh Smith Retail Holdings Limited reported the following;
D&B Rating· 5A1
Turnover·£218,500,000
Pre-tax profit· -£97,759,000
Shareholders Funds(Source: Incans 26.11.2024)
Accommodation
Ground - 411.84 sq m (4,433 aq ft)
First - 369.47 sq m (3,977 sq ft)
Second - 241.36 sq m (2,598 sq ft)
Total - 1,022.68 sq m (11,008 sq ft)
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