Property for sale in Budds Bar, 6-7 Burns Statue Arcade, Ayr, Ayrshire KA7
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Property features
- Tenanted Public House
- Outstanding 12% rental yield at Guide Price
- Lease extending to 2033
- Strong trade and experienced publican
- Wheelchair accessible
Property description
Trading public house
New to auction is Budds Bar, a trading Public House close to the ever popular Ayr town centre. Well-presented throughout and enjoying strong local trade, the premises extend to approximately 97 sq. Metres, and offer well-stocked bar area with small kitchen, open lounge offering pool and darts, and female and male WCs. The property has been tenanted from 2023 with the lease extending to November 2033, with the tenant being an experienced publican. Current rental income is £150 per week (£7800 p.a ) which represents an outstanding 12% rental yield at Guide Price, with rent reviews scheduled in each of 2026,2028 and 2030. The published rateable value is £7600 which may qualify for relief under the Small Business Bonus Scheme. This would be an ideal addition to an existing commercial portfolio or a fantastic first step onto the commercial investment ladder. Early expression of interest is recommended.
The popular seaside town of Ayr offers a wide range of national and local retail and leisure options, all set within an area rich in history, and enjoys strong demand from locals and tourists alike. The nearby A77 provides excellent transport links to Glasgow and further afield, with local bus and rail links also available.
Purchasers notes
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House Scotland, and do not constitute property particulars. Please contact Auction House Scotland for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.