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49-53 New Road, Ayr, KA8 8DA

  • Investment
  • 6,500 sq ft
  • For Sale
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Property Type Investment
Tenure For Sale
Size 6,500 sq ft
Price Offers in excess of £325,000 A purchase at this level reflects a NIY of 10.88%
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Prominent roadside industrial investment opportunity

Key Features

  • VAT free roadside investment opportunity
  • Let to two tenants - RepAyr My Car and Alex Begg Group Limited
  • Total rental income of £36,500 per annum
  • Low average rate of £5.61/sq ft
  • Offers over £325,000 invited = 10.88% NIY

Description

Prominent roadside industrial / workshop buildings of steel frame construction surmounted by pitched truss roofs clad with cement panel sheets.

Externally each unit benefits from loading and pedestrian access to the front via a large shared forecourt / parking area. Unit 51/53 also has rear loading access together with additional parking.

Eaves height ranges from 3.5M to 4.45M.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Unit - 49 3,500 325.16 Available
Unit - 51/53 3,000 278.71 Available
Total 6,500 603.87

Location

Ayr is the principal town in South Ayrshire, located approximately 37 miles (60km) to the south-west of Glasgow and accessed via the M77 (A77). The drive time to the nearby Prestwick Airport is under 20 minutes, either via the A79 (Prestwick Road/Ayr Road) or the A77.

The subject property commands prominent position on the west side of New Road, a busy main arterial route connecting Ayr with Prestwick, at the start of the North Harbour industrial area.

Tenancy Information

49 New Road
Let to a private individual t/a RepAyr My Car & MOT Centre
10 year FRI lease from Sept 2016
Low passing rent of £18,000 per annum / £5.14psf.
Tenant has recently invested in refurbishing the unit demonstrating commitment to the site.

51/53 New Road
Let to Alex Begg Group Limited (SC027139)
5 year FRI lease (subject to a schedule of condition) from July 2024
Low passing rent of £18,500 per annum / £6psf
Tenant has another nearby unit with this unit being used for storage purposes