Prime Location Ayr Town Centre
Former Royal Hotel
3 Floors Plus Attic Conversion
Former Public House / Retail & Office
Unique Opportunity
Available To Lease Individually
Sale Price on Application
Location
The subjects are situated on the East side of Kyle Street, South of its junctions with High Street & Alloway Street within a prime thoroughfare in the town centre of Ayr.
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.
The subjects are situated between Blacks Outdoor & Ayr Central Shopping Centre, with nearby retailers being a mix of national and local traders to include M & Co, Ladbrokes and Vaporized.
Subjects
The subjects comprise a 3 storey commercial development of traditional sandstone construction surmounted by a pitched slated roof with twin canted piended dormer windows.
The subjects were most recently utilised as a public house, with office and retail space. Upper floors are accessed by internal stair wells with partitions having been erected to form multiple rooms, having been formerly used as a hotel.
Having lay empty for some years, the subjects would benefit from extensive refurbishment to form 2 no individual retail / 1 large commercial space at ground floor with conversion to residential dwellings at upper floors, subject to planning.
NAV/RV
The subjects currently benefit from rates exemption under the small business rates relief scheme.
Proposal
Our client is offering the subjects on an individual basis or wholly for a negotiable term on a new full repairing and insuring head lease, pricing available via discussion with the marketing agent.
Freehold Price on application
V.A.T
Our client has opted to waive their option to tax
E.P.C
Available on request
Viewing
Strictly by appointment with the marketing agent, the site can be viewed externally at any time.
Further Information
Copies of title and demise information available on request
Legal
Each party shall bear their own legal costs incurred in the transaction