36 Newmarket Street comprises of a double fronted premises over the ground floor of the ‘McNeillie Buildings’, an attractive, two storey classical style category C listed terraced building dating from 1869.
The property is occupied as a coffee shop with open kitchen, customer toilets and a rear store. The frontage has an awning with external seating in place.
Location
Newmarket Street is a pedestrianised, retailing and leisure trading location within Ayr Town Centre, and links High Street with Sandgate, a main thoroughfare and where on street car parking can be found.
Occupiers nearby include Steven Brown Art, J&A Boyd Solicitors, Kawiarnia and a host of quality local retailers.
Accommodation
The net internal floor area of the property is 68.65 sq.m (739 sq.ft), or thereby.
Terms
LEASE TERMS
The subjects are let to Mr & Mrs Pajovic (t/a Café Le Monde) who have traded from the property since its assignation in 2010 and have recently extended their full repairing and insuring lease until 25th July 2026, with no breaks. The rent is £XXX per annum.
Café Le Monde is noted as no 5 out of 136 restaurants in Ayr on Trip Advisor.
PRICE
Offers over £XXX are invited for our client’s heritable interest in the investment, which reflects a net initial yield of 11.18% assuming costs of 2.23%.
EPC
Available upon request.
LEGAL COSTS
Each party will be responsible for their own legal costs.
Specification
- Niche, pedestrianised shopping street within Ayr Town Centre
- Coffee shop/restaurant premises within attractive listed building
- Net internal floor area 68.65 sq.m (739 sq.ft)
- Recently extended lease held in personal names (t/a Café Le Monde)
- Passing rent £XXX per annum until July 2026, no breaks
- OFFERS OVER £XXX ARE INVITED
- VAT free investment
- Net yield 11.18%