Retail premises for sale in Main Street, Ayr KA8

Location

Ayr is a town situated on the southwest coast of Scotland. It is the administrative centre of the South Ayrshire council area and the historic county town of Ayrshire. The town sits approximately 37 miles south west of Glasgow, 15 miles south west of Kilmarnock and can be accessed by the main arterial route of the M77 motorway.

The properties are situated on the west side of Main Street, at its junction with Crown Street. Frequent bus services operate on Main Street with Ayr Rail Station taking around 3 minutes’ drive. Nearby occupiers include Aldi, Farmfoods, William Hill and Carnegie Library.

Description

The subjects comprise two ground floor retail units contained within a parade of shops of masonry construction under a pitched and slated roof.

Unit 95 - Internally, the retail space is rectangular in shape. The property is currently trading as a vape and tobacco shop. To the rear there is a kitchen and staff welfare facilities. The floor throughout the space is covered in tiles. The walls are of plaster/paint and the ceilings incorporate spot lighting. Space heating is provided electrically.

Unit 97 - Internally, the retail space is rectangular in shape. The property is currently trading as a ladies hair salon. To the rear there is a kitchenette and staff welfare facilities. The floor throughout the space is covered in tiles. The walls are of plaster/paint and the ceilings incorporate fluorescent strip LED lighting. Space heating is provided electrically.

Tenancy

Unit 95 is let on a 5 year lease that commenced 01/12/23 and expires 30/11/28. The passing rent is £5,200 per annum. There are no break options in the lease.

Unit 97 is let on a 3 year lease that commenced 02/06/23 and expires 01/06/26. The passing rent is £3,600 per annum. There are no break options in the lease.

Offers

Offers over £80,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) subject to the lease agreements in place. Based on a combined rental income of £8,800 per annum, a purchase at this level would reflect a net initial yield of 11%.