49-53 New Road, Ayr, KA8 8DA
6,500 Sq Ft / Other / Investment
For Sale
- £325,000.00
Under Offer - Last updated: 07 April 2025
Summary
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.
Key Points
VAT free roadside investment opportunityLet to two tenants - RepAyr My Car and Alex Begg Group LimitedTotal rental income of £36,500 per annumLow average rate of £5.61/sq ftOffers over £325,000 invited = 10.88% NIY
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
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.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£325,000.00
| NA |
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