2 - 4 Westwood Crescent Ayr Ayrshire KA8 0RD

  • 2 - 4 Westwood Crescent<br>Ayr<br>Ayrshire<br>KA8 0RD

2 - 4 Westwood Crescent
Ayr
Ayrshire
KA8 0RD

Heritable Convenience Store Investment

  • Let to Martin McColl Limited until June 2032 (No breaks)
  • Fixed rental increases to £25,393.84 on 11/06/2017, £28,036.83 on 11/06/2022 and £30,954.90 on 11/06/2027 (2)
  • Prominent corner position in a densely populated residential area
  • 1.5 miles from Ayr Town Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    46
  • Auction
    16th February 2017
  • Rent
    £25,393 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Heritable Convenience Store Investment

  • Let to Martin McColl Limited until June 2032 (No breaks)
  • Fixed rental increases to £25,393.84 on 11/06/2017, £28,036.83 on 11/06/2022 and £30,954.90 on 11/06/2027 (2)
  • Prominent corner position in a densely populated residential area
  • 1.5 miles from Ayr Town Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 46
  • Auction 16th February 2017
  • Rent £25,393 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Supermarket/Convenience
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
38 miles south of Glasgow, 83 miles south-west of Edinburgh (ScotRail)
Roads
A77, A70, A78
Rail
Ayr & Newton-on-Ayr
Air
Prestwick Airport (3 miles north) Glasgow International Airport (41 miles north)
Situation

Ayr is the administrative centre for South Ayrshire and has a population of 46,000 people. The property is located 1.5 miles north of Ayr town centre in a the densely populated residential area of Dalmilling. The property forms part of a small local retail parade

Tenure

Heritable. (Scottish Equivalent of a Freehold) .

Location
Miles
38 miles south of Glasgow, 83 miles south-west of Edinburgh (ScotRail)
Roads
A77, A70, A78
Rail
Ayr & Newton-on-Ayr
Air
Prestwick Airport (3 miles north) Glasgow International Airport (41 miles north)
Situation

Ayr is the administrative centre for South Ayrshire and has a population of 46,000 people. The property is located 1.5 miles north of Ayr town centre in a the densely populated residential area of Dalmilling. The property forms part of a small local retail parade

Tenure

Heritable. (Scottish Equivalent of a Freehold) .

Description

The property comprises a ground floor convenience store with parking for approximately 2 cars to the rear.

VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewing for this property. Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191
Email: mhairi.jarvis@acuitus.co.uk.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor convenience store with parking for approximately 2 cars to the rear.

VAT

VAT is not applicable to this lot.

Viewings

There will be a block viewing for this property. Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191
Email: mhairi.jarvis@acuitus.co.uk.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground Convenience
Store
130.52 sq m
(1,405 sq ft)
 MARTIN
MCCOLL
LIMITED (1)		 20 years from
11/06/2012 until
10/06/2032		 £25,393.84 (2) 11/06/2017 and
5 yearly (2)
Total  
130.52 sq m
(1,405 sq ft)
     £25,393.84 (2)  

(1) For the year ending 29th November 2015, Martin McColl Limited reported a turnover of £489,336,000, pre-tax profits of £22,229,000 and a total net worth of £91,307,000. (Source: Experian Group 18/01/2017)
(2) The lease provides fixed rental increases to £25,393.84 on 11/06/2017, £28,036.83 on 11/06/2022 and £30,954.90 on 11/06/2027. The seller has agreed to adjust the completion monies so that the unit will effectively produce £25,393.84 p.a.x. from completion of the sale

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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