The subjects comprise a retail unit occupying part of the ground floor of a three storey tenement formed in stone and slate with single storey projection to the rear.
Location
The subjects are set within the centre of Prestwick Main Street in an established retail location with nearby occupiers including Tesco, Superdrug and Alliance Pharmacy. Prestwick is the second largest town in the South Ayrshire Council area with a resident population of around 15,000.
Accommodation
The approximate net internal floor area is as follows:-
84.6sq.m (911sq.ft)
Terms
Rating Assessment
The subjects are currently entered in the Valuation Roll as follows:-
NAV/RV £9,700
Energy Performance Certificate (EPC)
A copy of the EPC is available upon request.
Lease Terms
The subjects are let to the Salvation Army for a period of 10 years from May 2010 with a tenant break at the end of Year 5. The current passing rental is £14,000 per annum.
Purchase Price
Offers over £160,000 are invited which reflects an initial yield of 8.6% after purchaser’s costs of 1.75%.
Costs
Each party will be responsible for their own legal costs incurred in the transaction.
Value Added Tax
All prices, rents and premiums, where quoted, are exclusive of VAT. Prospective purchasers/lessees are advised to satisfy themselves independently as to the incidence of Value Added Tax in respect of this transaction.
Specification
- Prominent location
- Let to Salvation Army
- Rent £14,000 per annum
- 84.6sq.m (911sq.ft)