Investment property - Tenanted Commercial Building

INCOME PRODUCING INVESTMENT*** Full commercial building formed over ground, 1st and attic floor. EXCELLENT TRADING POSITION. Blue chip tenant in occupation producing £45,000 per annum on a FRI Lease. Tenant: Three Full repairing and Insuring Lease. Lease Length: 10 years from 2017 Break Option Not Exercised Rent: £45,000 per annum Further Info: Hutchison 3G UK Limited (trading as Three UK) is a major mobile network operator in the UK, providing wireless telecommunications services including mobile phones, broadband, and data plans. It covers nearly all of the UK population and handles about 30% of the country's mobile data traffic, as part of the CK Hutchison Group. • Annual Turnover: £2.5 billion (as of December 2023). • Number of Stores: Approximately 350 retail stores across the UK. • Staff Employment: 4,813 employees (as of December 2023). Compromises: Open plan sales area, partitions have been erected to the rear to an internal staircase leading to 1st and attic floors providing staff rooms, and w.c facilities. The property has been calculated to extend to the following internal area; Ground: 118.7sqm (1,278sq ft) 1st: 93.88sqm (1,010sq ft) Attic: 8.45sqm (91sq ft) Total: 221.03sqm (2,379sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** Neighbouring occupiers include William Hill, Betfred, Greggs, Barclays and SpecSavers. Tenancy Details: Type of Agreement: Full Repairing & Insuring (FRI) Length: 10 Years Rent: £45,000 per year / £3,750 per month Yield: 15% (approx) Tenant: Company Notes: Blue Chip Covenant Tenant In Situ Since 2017 Break Option Not Exercised Let To “Three” Expiry November 2027 Passing £45,000p.a.x. Maps & Location: The property is situated on the north side of High Street, at its junction with Carrick Street within Ayr town centre. Ayr is a popular coastal market town with a population of circa 46,000 persons and is the principal commercial town in Ayrshire benefiting from excellent transport links. Ayr is situated on the forth of Clyde with the A77 running to the East connecting with Kilmarnock 12 miles north east and Glasgow approx 30miles north East. Neighbouring occupiers include William Hill, Betfred, Greggs, Barclays and SpecSavers.