Summary

• Central retailing location in Ayr town centre
  
• Forms part of Queens Court, a recently refurbished Victorian shopping arcade
  
• Attractive retail unit
  
• Net area 58.18sqm (365 sqft)
  
• Let until May 2031 at £5,500pa
  
• Offers over £50,000
  
• Net initial yield of 10.81%

Location

Queens Court occupies a prominent position on the east side of Sandgate at its junction with the niche retailing street of Newmarket Street, in Ayr town centre. There is on street and public car parking nearby.

The property forms part of the attractive retail arcade within Queens Court, accessed via the walkway leading through to the soon to be opened ‘Carrick and Stone’, a wine and whisky bar, as well as on to the common seating area serving the overall development. Nearby occupiers include a mix of quality local retail, food and beverage and professional businesses including Pizzaioli, Rieker Shoes, The McKinstry Company solicitors and Royal Bank of Scotland, amongst others.

Description

Queens Court is a mixed retail, office and licensed use Victorian property that has been subject to refurbishment and is now home to a variety of quality local businesses including Puck Espresso, Glosse Studios, Steven Walker Art Studio, Kensho Hair and Queens Court Dental Practice, among others.

The property occupies a prominent position in the attractive single storey arcade section of Queens Court, originally built as a stable block.

The property is open plan retail space with a toilet and has recently been modernised.

The net internal floor area is 58.18sqm (365 sqft), or thereby.

The rateable value is £4,300 and the property qualifies for 100% rates relief, subject to occupier status.

The property is occupied under a full repairing and insuring lease, let to a private individual (t/a Flirtatious Fiction) that expires May 2031, with a tenant break option in May 2029, subject to 6 months notice.

The rent is £5,500 per annum.

Offers over £50,000 are invited, which is a net initial yield of 10.81%.