Retail premises for sale

36 Queens Court, Sandgate, Ayr KA7

Description

Queens Court is a mixed retail, office and licensed use Victorian property that has been subject to refurbishment and is now home to a variety of quality local businesses including Puck Espresso, Glosse Studios, Steven Walker Art Studio, Kensho Hair and Queens Court Dental Practice, among others.

The property occupies a prominent dual fronted position in the attractive single storey arcade section of Queens Court, originally built as a stable block.

The property is open plan retail space at ground floor level, with a toilet and internal access to a basement store.

The net internal floor area is 58.18sqm (626sqft) over ground and basement floor.

The rateable value is £4,850 and the property qualifies for 100% rates relief, subject to occupier status.

The property is occupied under a full repairing and insuring lease, let to a private individual (t/a Chantilly) that expires 31st May 2030, with a tenant break option on 1st June 2028 and subject to 6 months notice.

The rent is £8,000 per annum rising to £8,500 per annum from 1 June 2026.

Offers over £75,000 are invited, which is a net initial yield of 10.48% rising to 11.13% when the rent increases.

An EPC is available upon application.

Each party to be responsible for their own legal costs incurred.

Location

Queens Court occupies a prominent position on the east side of Sandgate at its junction with the niche retailing street of Newmarket Street in Ayr town centre. There is on street and public car parking nearby.

The property has a dual frontage on to Newmarket Street and one of the main entry points to Queens Court. Nearby occupiers include a mix of quality local retail, food and beverage and professional businesses including Pizzaioli, Rieker Shoes, The McKinstry Company solicitors and Royal Bank of Scotland, amongst others.