Let to Travis Perkins (Properties) Ltd until November 2031 (No Breaks)
5 yearly upward only rent reviews to a minimum of 3% per annum compounded
Rent rising to a minimum of £74,049.79 in 2026
Tenant option to renew for 25 years (2)
Gross Internal Floor Area of 1,171.40 sq. m. (12,608 sq. ft.)
Approx. site area of 0.41 Ha (1.03 Acres) providing a low site cover of 28%
Future option to purchase Feuhold for £1 (see legal pack)
Lot 25
Auction 13th December 2023
Rent £63,876 per Annum Exclusive
Status Sold Post
Price
Sector Trade Counter/Builders Merchants
Auction Venue Live Streamed Auction
On Behalf of a Major Investment Manager
Property Information
Location
Miles
12 miles south west of Kilmarnock, 35 miles south west of Glasgow
Roads
A77, A70
Rail
Ayr Railway Station, Newton-on-Ayr Railway Station
Air
Glasgow Prestwick Airport (3 miles north) Glasgow International Airport (35 miles north)
Situation
Ayr is the principal town in South Ayrshire with a resident population of around 46,800. Ayr boats excellent communications being close to the A70 and A77, whilst also being 3 miles south of Glasgow Prestwick Airport. The property is located in an established and busy industrial estate with nearby occupiers including Howdens, B&Q, Toolstation, Screwfix and several major car retailers including Volvo, Land Rover and Mazda. The property also benefits from being located directly opposite the popular Heathfield Retail Park, home to an Asda superstore, Burger King, KFC, Costa Coffee, B&M and many more national retailers.
Planning permission has been granted on the adjoining site on the 15/06/2023 under planning ref. 23/00088/APP for the erection of new motor retail unit, valet building, and associated hard and soft landscaping (www.south-ayrshire.gov.uk/).
Tenure
Long Leasehold. Held for a term of 175 years from 01/12/2006 at a peppercorn ground rent. The lease provides an option to purchase the Feuhold for £1 + VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.
Location
Miles
12 miles south west of Kilmarnock, 35 miles south west of Glasgow
Roads
A77, A70
Rail
Ayr Railway Station, Newton-on-Ayr Railway Station
Air
Glasgow Prestwick Airport (3 miles north) Glasgow International Airport (35 miles north)
Situation
Ayr is the principal town in South Ayrshire with a resident population of around 46,800. Ayr boats excellent communications being close to the A70 and A77, whilst also being 3 miles south of Glasgow Prestwick Airport. The property is located in an established and busy industrial estate with nearby occupiers including Howdens, B&Q, Toolstation, Screwfix and several major car retailers including Volvo, Land Rover and Mazda. The property also benefits from being located directly opposite the popular Heathfield Retail Park, home to an Asda superstore, Burger King, KFC, Costa Coffee, B&M and many more national retailers.
Planning permission has been granted on the adjoining site on the 15/06/2023 under planning ref. 23/00088/APP for the erection of new motor retail unit, valet building, and associated hard and soft landscaping (www.south-ayrshire.gov.uk/).
Tenure
Long Leasehold. Held for a term of 175 years from 01/12/2006 at a peppercorn ground rent. The lease provides an option to purchase the Feuhold for £1 + VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.
Description
The property comprises a ground floor trade counter / warehouse and yard areas. The property has a total floor area of 1,171.40 sq. m. (12,608 sq. ft.) upon a site area of 0.41 Ha (1.03 Acres), benefitting from a low site coverage of 28%.
VAT
VAT is applicable to this lot.
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 trade counter / warehouse and yard areas. The property has a total floor area of 1,171.40 sq. m. (12,608 sq. ft.) upon a site area of 0.41 Ha (1.03 Acres), benefitting from a low site coverage of 28%.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
25 years from 01/12/2006 until 30/11/2031 on a full repairing and insuring lease (subject to a schedule of condition) (2)
£63,876
01/12/2026 (3)
Total
1,171.40
(12,608)
£63,876
(1) Travis Perkins (Properties) Ltd is wholly owned by Travis Perkins PLC. Travis Perkins is the UK's largest distributor of building materials with a network of over 500 branches and has been helping build Britain for over 200 years (www.travisperkinsplc.co.uk). (2) The lease provides the tenant an option to renew the lease on expiry for a further 25 years at market rent, but otherwise on identical lease terms including the rent review basis. Full information is available within the legal pack. (3) The rent reviews are upwards only to the higher of two thirds of Market Rent (as defined in the lease) or the annual rent payable increased by 3% per annum compounded annually. For further information please refer to the lease available in the legal pack.
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.
