Retail premises for sale in 5 Newmarket Street, Ayr KA17

• Prime Property Auctions New Entry - Modern commercial premises located in a busy high street in Ayr. Currently tenanted at £8,500 per annum generating an impressive gross yield of 12.14% based on a guide price of £70,000.

• Property consists of being a prominent class 2 retail unit. Property is easily lettable with a current tenant in situ, paying £708 per calendar month. Lease expires October 2024.

• Property could achieve market rent of between £8,500 - £10,000. This would generate a fantastic gross yield of 14.3%. Sure to appeal to a shrewd commercial investor.

• Large Premises that extends to approximately 538 square feet and has a rateable value of £9,400 making it eligible for 100% business rates relief.

• Property benefits from fantastic footfall and is sure to appeal to landlords looking for an affordable, high yielding turnkey commercial investment.

Prime Property Auctions New Entry - Modern commercial premises located in a busy high street in Ayr. Currently tenanted at £8,500 per annum generating an impressive gross yield of 12.14% based on a guide price of £70,000.

*** 100% business rates relief ***

Property consists of being a prominent class 2 retail unit. Property is easily lettable with a current tenant in situ, paying £708 per calendar month. Lease expires October 2024.

Property could achieve market rent of between £8,500 - £10,000. This would generate a fantastic gross yield of 14.3%. Sure to appeal to a shrewd commercial investor.

Large Premises that extends to approximately 538 square feet and has a rateable value of £9,400 making it eligible for 100% business rates relief.

*** 100% business rates relief ***

Sure to appeal to commercial investors looking for a high yielding, immediate cash flowing commercial investment opportunity.

Property benefits from fantastic footfall and is sure to appeal to landlords looking for an affordable, immediate cash flowing commercial investment.

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location

Ayr, Scotland, is a historic town located on the southwest coast, renowned for its scenic beauty, rich history, and vibrant community. The town offers beautiful beaches, parks like Rozelle Park and Belleisle Park, and historic sites such as Ayr Town Hall and the Robert Burns Birthplace Museum, enhancing the quality of life with ample opportunities for outdoor activities and cultural experiences.

As a tourist destination, Ayr presents investment opportunities in the hospitality sector, and its diversified local economy supports real estate, retail, education, healthcare, and small businesses. Families are drawn to Ayr for its well-regarded schools and Ayrshire College, while the strong community spirit is reflected in local events, festivals, and markets.

Excellent transport links, including frequent train services to Glasgow, make Ayr convenient for commuters. The town's lively cultural scene, with venues like the Gaiety Theatre, sports facilities, and Ayr Racecourse, provides varied entertainment and recreational options. Healthcare services are robust, with facilities such as Ayr Hospital offering comprehensive care. Ongoing regeneration projects aimed at revitalizing the town center and waterfront areas create new business opportunities and enhance Ayr's appeal for residents and visitors alike. This combination of natural beauty, economic potential, excellent connectivity, and community life makes Ayr a compelling choice for living and investing in Scotland.