87-97 Main St 292 SF Retail Unit Offered at £40,000 in Ayr KA8 8BU
INVESTMENT HIGHLIGHTS
- Prominent location
- Within a parade of shops
- Busy thoroughfare
EXECUTIVE SUMMARY
The property is prominently situated on the west side on Main Street, close to its junction with Crown Street. Frequent bus services operate on Main Street with Ayr Rail Station taking around 3 minutes’ drive. Nearby occupiers include Farmfoods, The Cafe Ayr and William Hill.
PROPERTY FACTS
| Price | £40,000 |
| Unit Size | 292 SF |
| No. Units | 1 |
| Total Building Size | 3,606 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | C |
| Number of Floors | 2 |
| Typical Floor Size | 1,803 SF |
| Year Built | 1909 |
| Lot Size | 0.07 AC |
AMENITIES
- Security System
- Storage Space
1 UNIT AVAILABLE
Unit 97
| Unit Size | 292 SF |
| Price | £40,000 |
| Price Per SF | £136.99 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 9.00% |
| NOI | £3,600 |
DESCRIPTION
The subjects comprise a single storey ground
floor retail unit contained within a parade of
shops of masonry construction.
SALE NOTES
Offers over £40,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on the rental income of £3,600 per annum a purchase at this level would reflect a net initial yield of 9%.
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NEARBY MAJOR RETAILERS
CONTACT
-
Shahzad Shaffi -
Kirkstone Property Consultancy
