Offers over
£110,000
(£156.70/sq. ft)
Restaurant for sale93 Portland Street, Troon KA10
702 sq. ft
Just added
Freehold
About this property
Centre Of Affluent Town
Take Away Unit
Held on F.R.I Lease on Personal Name
Expiry October 2035 (With Option To Extend)
Passing £12,000p.a.
Fixed Increase in 2027 to £13,000p.a.
Sale: O/o £110,000
Description
The property comprises a ground floor take away within a larger 2 storey mixed use development of traditional construction.
The ground floor commercial space is fitted as a chinese take away, with customer servery to the front, partitioned pitching within the middle of the property and rear stores, w.c and prep area within a single storey extension to the rear.
The property has been extensively renovated by the tenant.
Area
The commercial space extends to the following internal area;
Ground: 65.2sqm (702sq ft)
Investment Summary
The property is held on a full repairing and insuring head lease on a personal name expiring 30th October 2035, with a tenants break option on 31st October 2030. The tenant has an option to extend the lease for a further 10years.
The current passing rent is £12,000p.a. With a fixed increase to £13,000p.a. From 31st October 2027. There are rent review cycles every 5th year (next October 2030). The landlord holds a deposit of £1,500.
Location
The property is situated on the north-west side of Portland Street within the coastal town of Troon.
The location benefits from being within a high footfall location and a main thoroughfare in the town.
Troon is a town in South Ayrshire, situated on the west coast of Scotland, about 8 miles (13 km) north of Ayr and 3 miles (5 km) northwest of Prestwick Airport. Troon has a population in excess of 14,750 with a further catchment from Prestwick, Ayr & Barassie. Neighbouring occupiers include Bruce’s Well, Troon Swimming Pool, New Look and Poundland.
The property comprises a ground floor take away within a larger 2 storey mixed use development of traditional construction.
The ground floor commercial space is fitted as a chinese take away, with customer servery to the front, partitioned pitching within the middle of the property and rear stores, w.c and prep area within a single storey extension to the rear.
The property has been extensively renovated by the tenant.
Area
The commercial space extends to the following internal area;
Ground: 65.2sqm (702sq ft)
Investment Summary
The property is held on a full repairing and insuring head lease on a personal name expiring 30th October 2035, with a tenants break option on 31st October 2030. The tenant has an option to extend the lease for a further 10years.
The current passing rent is £12,000p.a. With a fixed increase to £13,000p.a. From 31st October 2027. There are rent review cycles every 5th year (next October 2030). The landlord holds a deposit of £1,500.
Location
The property is situated on the north-west side of Portland Street within the coastal town of Troon.
The location benefits from being within a high footfall location and a main thoroughfare in the town.
Troon is a town in South Ayrshire, situated on the west coast of Scotland, about 8 miles (13 km) north of Ayr and 3 miles (5 km) northwest of Prestwick Airport. Troon has a population in excess of 14,750 with a further catchment from Prestwick, Ayr & Barassie. Neighbouring occupiers include Bruce’s Well, Troon Swimming Pool, New Look and Poundland.
Mortgage calculator
Monthly repayment
£550 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}