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 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.
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.
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 adding an additional 5,000 students. This will undoubtedly increase the demand for single person accommodation in the town.