Mecca Bingo, The Playhouse 4 Boswell Park Ayr South Ayrshire KA7 1NW

Mecca Bingo, The Playhouse
4 Boswell Park
Ayr
South Ayrshire
KA7 1NW

Heritable Leisure Investment

Entirely let to Mecca Bingo Ltd on an extended lease until 2026
Substantial building of 3,270.18 sq m (35,187 sq ft) on an approximate site area of 0.145 hectares (0.357 acres)
Town centre location adjacent to Ayr Bus station (operated by Stagecoach West Scotland)
Nearby occupiers include Post Office Sorting Office and a variety of retail and leisure operators

Lot
38
Auction
16th June 2021
Rent
£166,498 per Annum Exclusive
Status
Sold
Price
£432,500
Auction Venue
Live Streamed Auction
On behalf of Trustees

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Heritable Leisure Investment

Entirely let to Mecca Bingo Ltd on an extended lease until 2026
Substantial building of 3,270.18 sq m (35,187 sq ft) on an approximate site area of 0.145 hectares (0.357 acres)
Town centre location adjacent to Ayr Bus station (operated by Stagecoach West Scotland)
Nearby occupiers include Post Office Sorting Office and a variety of retail and leisure operators

Lot 38
Auction 16th June 2021
Rent £166,498 per Annum Exclusive
Status Sold
Price £432,500
Sector
Leisure
Auction Venue
Live Streamed Auction
On behalf of Trustees

Property Information

Location

Miles: 38 miles south-west of Glasgow, 60 miles north-west of Dumfries
Roads: M77, A77, A70
Rail: Ayr Railway Station
Air: Glasgow Prestwick Airport (4 miles),; Glasgow International Airport (37 miles north)

Situation

The property is located close to the High Street in Ayr town centre. Fronting onto Boswell Park the property is bounded by Douglas Street to the east, Fullarton Street to the south and Sandgate (A719) to the west. The property is adjacent to Ayrs bus station (operated by Stagecoach West Scotland) and opposite the Post Office Sorting Office and site. Other neighbouring occupiers include Cooperative Food and The West Kirk, a JD Wetherspoon public house.

Tenure

Heritable.

Location

Miles: 38 miles south-west of Glasgow, 60 miles north-west of Dumfries
Roads: M77, A77, A70
Rail: Ayr Railway Station
Air: Glasgow Prestwick Airport (4 miles),; Glasgow International Airport (37 miles north)

Situation

Tenure

Heritable.

Description

The property is a B listed detached former cinema which has been a bingo hall for the last 20 years, providing a reception area, gaming hall and ancillary and office accommodation over ground and first floors.

VAT

VAT is applicable to this lot.

Note

Please note, the buyer will pay 1% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see special conditions of sale.

Viewings

Please contact Mhairi Archibald (07718 899341)

Completion Period

Six week completion available

EPC

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

Description

VAT

VAT is applicable to this lot.

Note

Please note, the buyer will pay 1% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see special conditions of sale.

Viewings

Please contact Mhairi Archibald (07718 899341)

Completion Period

Six week completion available

EPC

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

Tenancy & Accommodation

Accommodation	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground/First	Leisure	3,270.18 sq m	(35,187 sq ft)	MECCA BINGO LTD (1)	20 years from 10/08/2006 to 27/09/2026 on FRI terms (2) (3)	£166,498.74	28/09/2021
Total		3,270.18 sq m	(35,187 sq ft)			£166,498.74 (2)

(1) Mecca Bingo is a UK-based company and operator of 76 bingo clubs located across major towns and cities. Mecca Bingo is owned by The Rank Group, which operates bingos, casinos and online gaming industries across Belgium, Spain and the UK. For the financial year to 30/06/2020 Mecca Bingo Limited reported a turnover of £132,809,000, a profit before tax of £3,077,000 and a new worth of £66,405,000.
(2) The current lease has been extended from 28/09/2021 to 28/09/2026. The extended lease to Mecca Bingo Limited is subject to a rebased rent of £60,000p.a.x.
(3) The lease is subject to a break option on 28/03/2023 and 28/09/2024

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.