PRIME NEW LISTING. We are excited to present this Vacant Commercial unit located within a prime location in Ayr.
This is a great opportunity for a potential commercial to residential conversion offering great rental and capital growth potential, subject to planning and gaining necessary permissions.
Location
Ayr is a well-established coastal town with a busy commercial core that supports a wide mix of independent traders, professional services, hospitality and national retailers. Sandgate sits close to the town centre, benefiting from consistent passing trade and strong visibility for a range of business uses.
The area is well connected, with Ayr railway station providing regular services and the road network offering straightforward access via the A77 and wider routes across Ayrshire and beyond. Ongoing demand from local occupiers is underpinned by the town's role as a key regional hub, making well-located units attractive to both investors and owner-operators.
Accommodation
The property comprises a spacious and flexible commercial layout, offering a practical footprint that could suit a variety of business uses, while also lending itself well to reconfiguration for alternative strategies, subject to the relevant consents.
Terms
Guide Price: £115,000
The rateable value is to be confirmed by the Assessor, and interested parties should satisfy themselves regarding any business rates liability and any relief that may be available, subject to eligibility.
With the unit being vacant, the property could realistically achieve a rental income of £675- £750 per month, which is £8100- £9000 per annum, subject to tenancy and due diligence. This provides a strong investment angle for buyers looking to secure a fresh letting at market terms, while also appealing to owner-occupiers seeking a well-positioned premises in an established trading location.
If transformed, the property could potentially flourish as an AirBnB or serviced accommodation. Comparable properties in the area are achieving impressive rental rates of £125 - £175 per night, subject to necessary planning consents. This could potentially generate an annual income of £31,938 - £44,713 based on 70% occupancy, offering high yield potential.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.