Lot 20 - Highfield Drive, Ayr, Ayrshire, KA8 9SH

  • Unconditional Online Auction Sale
  • Guide Price* : £600,000

Guide Price* : £600,000

Excellent Investment Opportunity

  • Let to Tim Hortons
  • GIA - 1,421 sq ft
  • Passing rent of £65,000 pa

Location

Ayr, is a town situated on the southwest coast of Scotland. A former royal burgh, today it is the administrative centre of South Ayrshire Council, and the historic county town of Ayrshire. With a population of 46,982, the town benefits from good transport links with the A77 dual carriageway bypassing the town. The property occupies a prominent position on Highfield Drive with surrounding occupiers including multiple car dealerships, hotels, and Bannatyne's Health Club.

Description

This is a purpose built standalone unit of steel framed construction with metal roof has been fitted to Tim Hortons corporate style incorporating food preparation, servery, modern seating and ancillary areas. The property also benefits from on site car parking.

Tenancy

A 10 year lease term with effect from May 2017 at an annual passing rent of £65,000.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - E61.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).

Land and Property Services Rates Assessment

Net Annual Value: £54,000
Estimated Rates Payable: £29,916

Accommodation

1 2 3 4 5
Ground Floor GIA 1,421 sq ft (148.37 sq m)

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Security Deposit

£10,000

Buyer's Administration Fee

£1,200

Guide Price*

£600,000

Vendors Solicitor

Robin Watt, DWF (Scotland), 2 Semple Street, Edinburgh, EH3 8BL
0131 474 2426

Document Links

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.