Coffee Shops for sale in Ayr

View the "Retail & Residential Investment 15% Yield Ayr Town Centre" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Freehold Price: £295,000 (Freehold)
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Business Description
FREEHOLD RETAIL & RESIDENTIAL INVESTMENT OPPORTUNITY AYR TOWN CENTRE PRODUCING 15% YIELD


The Business Partnership have been appointed to seek a purchaser for this well established investment opportunity.


The property for sale comprises 4 ground floor retail units, all let, together with 9 bedsit properties which make up the entire 1st floor. The property is located in Burns Statue Arcade which is just off Burns Statue Square in the centre of Ayr.  The postcode is KA7 1SW.


The annual rental income is in excess of £43,000. The retail units are let on full tenant insuring and repairing leases.  The owner pays rates on the bedsits together with common charges for heat and light of the shared bedsit areas.   Repairs, renewals, rates, insurance, heat, light and general expenses in relation to the bedsits totalled £4,433 in the last year.


The bedsits are let individually and are managed by the owner directly.  Ayr is a popular town with a large campus for the West of Scotland University.  The university has recently announced it will be accepting an additional 5,000 students.  This will undoubtedly increase the demand for single person accommodation in the town.   In an attempt to reduce housing benefit costs the government have recently increased the age before which individuals will be considered for housing allowance for a flat to 35 years old.  This has led to single person bedsits like those offered by this portfolio being in high demand.  This is evidenced by the consistently high levels of occupancy the bedsits achieve.


The nine bedsits are all furnished and are split into two blocks either side of the stairwell.  The block of 5 shares a kitchen, bathroom and shower room.  The block of 4 shares a kitchen and bathroom with shower over the bath.


Interested parties are asked to contact The Business Partnership on 0845 260 0000 for any further information of to arrange viewings.  


FREEHOLD RETAIL & RESIDENTIAL INVESTMENT OPPORTUNITY AYR TOWN CENTRE PRODUCING 15% YIELD


The Business Partnership have been appointed to seek a purchaser for this well established investment opportunity.


The property for sale comprises 4 ground floor retail units, all let, together with 9 bedsit properties which make up the entire 1st floor. The property is located in Burns Statue Arcade which is just off Burns Statue Square in the centre of Ayr.  The postcode is KA7 1SW.


The annual rental income is in excess of £43,000. The retail units are let on full tenant insuring and repairing leases.  The owner pays rates on the bedsits together with common charges for heat and light of the shared bedsit areas.   Repairs, renewals, rates, insurance, heat, light and general expenses in relation to the bedsits totalled £4,433 in the last year.


The bedsits are let individually and are managed by the owner directly.  Ayr is a popular town with a large campus for the West of Scotland University.  The university has recently announced it will be accepting an additional 5,000 students.  This will undoubtedly increase the demand for single person accommodation in the town.   In an attempt to reduce housing benefit costs the government have recently increased the age before which individuals will be considered for housing allowance for a flat to 35 years old.  This has led to single person bedsits like those offered by this portfolio being in high demand.  This is evidenced by the consistently high levels of occupancy the bedsits achieve.


The nine bedsits are all furnished and are split into two blocks either side of the stairwell.  The block of 5 shares a kitchen, bathroom and shower room.  The block of 4 shares a kitchen and bathroom with shower over the bath.


Interested parties are asked to contact The Business Partnership on 0845 260 0000 for any further information of to arrange viewings.

 

Tenure: Freehold

Listed by: Business Partnership
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