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1 - 3 Kyle Street, Ayr, SAY

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DetailMap
1-3 Kyle Street

Ayr, KA7 1RZ


Property type:Retail Sub type:- Status:Existing Year built:1900
Building size:2,307 sq ft
For sale price:£280,000 Price:£121.37 sq ft
Yield:10.00 %


The subjects comprise of a retail unit over ground floor only within a three storey red sandstone building under a pitched and slated roof.

The subjects occupy a prominent position on Kyle Street adjacent to it’s junction with High Street. Ayr Central Shopping Centre is adjacent. Ayr Railway Station is also within close proximity.

Sale Notes:
The investment opportunity comprises 2,307 sq ft of retail accommodation arranged over the ground floor.

The property is available as a freehold investment. The subjects are held on a new full repairing and insuring lease from 1st September 2012 expiring 31st August 2022, subject to a schedule of condition. The current passing rent is £32,500 per annum exclusive and due for a review in 2017. There is a tenant only break option upon the fifth anniversary of the lease. Further lease details upon request. The subjects are let to Blacks Outdoor Retail Ltd. Further information on the tenant can be obtained from their website www.blacks.co.uk. Offers over £310,000 exclusive are invited for the benefit of the heritable interest in these subjects which provides for a net initial yield of 10.00% after deduction of purchaser’s costs of 4.80%.

Hamilton Chartered Surveyors (Scotland)
Paul Hamilton
0141 222 2777




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