52 Racecourse Rd | Ayr KA7 2UZ
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52 Racecourse Rd
Ayr KA7 2UZ
The Chestnuts · Hospitality Property For Sale · 14 Rooms
Investment Highlights
- Substantial stone property in large corner plot
- Car Parking
- Successful and established tenant business
Executive Summary
The property is held on a 20-year full repairing and insuring lease from October 2008 drawn on full repairing and insuring terms although with tenant’s repairs obligation limited through a Schedule of Condition. The passing rent is £86,800 per annum with rent reviews based on an R.P.I. increase. The majority of fixtures and fittings are owned by the landlord, and an inventory is attached to the lease. The tenant is Craig Homes Ltd and, whilst there is no history of rent arrears, the vendors are willing to guarantee the rental for the remaining term of the lease.
The subjects comprise a detached two-storey villa dating back to around 1870 with a range of one and two-storey extensions all set within a large corner plot offering ample off-street car parking and landscaped garden areas.
The subjects comprise a detached two-storey villa dating back to around 1870 with a range of one and two-storey extensions all set within a large corner plot offering ample off-street car parking and landscaped garden areas.
PROPERTY FACTS
| Price Per Room | £78,571 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 17,002 SF |
| Net Initial Yield | 7.89% | No. Rooms | 14 |
| Tenure | Freehold | Number of Floors | 2 |
| Property Type | Hospitality | Year Built | 1870 |
| Property Subtype | Hotel | Parking Ratio | 1.47/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price Per Room | £78,571 |
| Sale Type | Investment |
| Net Initial Yield | 7.89% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 17,002 SF |
| No. Rooms | 14 |
| Number of Floors | 2 |
| Year Built | 1870 |
| Parking Ratio | 1.47/1,000 SF |
| Corridor | Interior |
Amenities
- Restaurant
- On-Site Bar
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 14 | £114.00 | - |
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