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16 Wellington Square, Ayr, SAY

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16 Wellington Square

Ayr, KA7 1EZ

Property type:Retail Sub type:Storefront Retail/Residential Status:Existing Year built:1880
Building size:407 sq ft
For sale price:£375,000 Price:£921.38 sq ft

The property comprises a corner townhouse with painted stone walls and pitched roof clad in slate with brick built projection to the rear. The property provides a retail unit at ground level with residential flats to the remainder of the ground, lower ground and two upper floors.

The property is located on the south side of Wellington Square overlooking Ayr County Buildings and adjacent to the Low Green within Ayr town centre occupying a prominent corner location. The property is within close proximity of Ayr bus and railway stations.

Sale Notes:
The available space comprises a ground floor retail unit extending to 407 sq ft.

The shop is currently let on an annual lease and trades as a café.

There are four flats included in the freehold investment. Three of the four flats are currently let on Short Assured Tenancy Agreements producing an annual rental of £14,950 per annum. The attic flat is currently vacant although once occupied rental income should increase to £19,500 per annum.

The potential annual income is therefore around £26,500 per annum.

Offers over £375,000 are invited.

J & E Shepherd
Arlene Wallace

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