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Investment property - tenanted commercial unit

Ayr, KA7 - Get Access

Description

Traditional retail premises in a prominent corner position within Ayr Town Centre. The property is located within New Bridge Street, opposite the junction with High Street. Currently rented to a barber for £500 pcm (£6,000 per annum). Mains drainage, water, and electricity supplies are available. Strong retail position at the pedestrian crossing with ample footfall and fantastic frontage onto the busy High Street. Formerly occupied as trading in gold, the subjects are suitable for a variety of retail uses, a convenience store, or Class 2 use. The internal retail area is approximately 17.36 sq.m (187 sq.ft) and comprises a compact retail sales area to the front with adjacent staff/toilets to the rear, and a main entrance leading directly into the shop floor. The property is currently entered in the Valuation Roll with an NAV/RV of £3,800, and under the Small Business Bonus Scheme, it may qualify for 100% relief. Ayr within South Ayrshire is approximately 36 miles south west of Glasgow, with a resident population of approximately 50,000, maintaining a strong tradition as a market and tourist town. The town benefits from a good transport network with the A77 / M77 to Glasgow and the A70 linking into the M74 motorway. Surrounding occupiers include a USA Nail Bar, Ian Fair Opticians, Coral Bookmakers, RS McColls, and Wetherspoons.
Comparable sales
Flat 2, 1, Boat Vennal, KA7 1JX 0.0 mi
Flat
£51,000
1 year ago
4a, New Bridge Street, KA7 1JX 0.0 mi
Flat
£52,000
1 year ago
8/1, Boat Vennal, KA7 1JX 0.0 mi
Flat
£55,000
1 year ago
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 187 sq ft (Listing)

Valuing this compact 187 sq ft traditional retail premises in Ayr Town Centre relies on analyzing current rental income and established capital values per square foot for small commercial units. The property benefits from a prominent corner trading position with an existing tenant paying £6,000 per annum. Condition is fair overall with some weathered exterior paintwork requiring minor attention, which has been factored into the final figures.

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