Extensive Lock-Up Site
Centre of Densely Populated Area
Multi-Let Units
Passing Rent: £7,XXX.a.
Offers In Excess of £139,000
Location
The subjects are situated on the East side of Briarhill Street close to its junction with St John Street within the town of Prestwick. The site itself is located within a densely populated residential area, surrounded by houses and flatted dwellings. Prestwick is situated within South Ayrshire council area of the West coast of Scotland with a resident population of c. 46,000
Subjects
The subjects comprise 22 no lock up / garage units situated on an irregular shaped site. The subjects comprise twin, single storey individual lockups, each overlaid by a pitched roof.
The site itself has been overlaid by a tarmacadam like surface which is a in a good condition.
Area
The subjects have been measured on a gross area basis to extend to the following:
Site: 547.93sqm (5,898sq ft)
Investment
The subjects are let by way of rolling annual licence agreements on an individual basis to primarily neighbouring occupiers of the residential dwellings along with some occupiers being out-with the immediate periphery utilising space for storage. The majority of the occupiers have leased for several years with current passing rent of £7,XXXer annum
Proposal
Our client is offering their freehold interest in the subjects for offers in excess of £139,000.
V.A.T.
All prices and premiums quoted are exclusive of V.A.T.
E.P.C.
Available on request
Viewing
The site can be viewed at any time, viewing samples of individual units can be arranged via the marketing agent
Legal
Each party shall bear their own legal costs incurred in the transaction