Tenanted Commercial Investment Property

6,580 Sq.Ft (611.32 Sq.M) TENANTED Commercial Premises within Ayr town centre opposite South Ayrshire Council town centre leisure development. Held on F.R.I Lease To Mobility Matters Expiry 17th December 2029. The original front facing building is formed in stone and slate with the rear extension built in brick. Comprises: Hallway, sales area, secondary sales area, store room, staff room, kitchen and W.C. Shops in the area are occupied by a combination of local and national traders including Ladbrokes and Christine Sadler Jewellers who occupy the adjoining units. Located on the east side of Alloway Street to the south of its junction with Kyle Street and High Street within a prominent town centre location. The property comprises a mid-terraced retail space within a larger mixed-use development surmounted by a pitched roof overlaid in tile. The property offers a prominent glazed frontage with triple display windows secured by a roller shutter. Internally the property has been decorated to suit the previous occupiers requirements with floors overlaid in carpet, lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling. The property extends substantially to the rear with partitions erected to form store room, tea prep and w.c. facilities. The net internal area is 611.32sqm (6,580sq ft). The tenant operates Mobility Matters, a disabled access and mobility equipment retail business, supplying short-term use of mobility scooters and aids within the town. The property is held on a full repairing and insuring head lease to Mobility Matters Ltd expiring 17th December 2029 at a passing rent of £12,000p.a. The landlord holds a deposit of £2,000. Tenancy Details: Type of Agreement: Full Repairing & Insuring (FRI). Length: December 2029. Rent: £12,000 per year / £1,000 per month. Yield: 13% (approx). Tenant: Company. Notes: The property is held on a full repairing and insuring head lease to Mobility Matters Ltd expiring 17th December 2029 at a passing rent of £12,000p.a. The landlord holds a deposit of £2,000. Ayr sits on the Firth of Clyde at the mouth of the River Ayr, around 32–37 miles south-west of Glasgow and three miles south of Prestwick. It is the historic county town of Ayrshire and the administrative centre of South Ayrshire. The built-up town itself has a population of around 46,000; South Ayrshire as a whole is about 112,000. Commercially it functions as the principal retail, civic and service hub for a much wider catchment that takes in Prestwick, Troon, Maybole and surrounding villages — commonly put at around 110,000–115,000 people in the primary retail market area — and it also draws visitors from Burns Country, the Ayrshire golf coast and Ayr Racecourse. Transport is strong for a town of this size. The A77 dual carriageway (Glasgow–Kilmarnock–Ayr–Stranraer) bypasses the town; the A79 links it directly to Prestwick and the airport; the A70 runs east inland. Ayr railway station has frequent ScotRail services to Glasgow Central, plus links to Kilmarnock, Girvan and Stranraer. Glasgow Prestwick Airport is only a few miles north, with a dedicated rail stop about 10 minutes from Ayr station; Glasgow Airport is roughly 35miles away. Express coaches also run to Glasgow, and ferry connections to Northern Ireland are reachable via Cairnryan/Stranraer.