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87-97 Main St

292 SF Retail Condo Unit Offered at $51,121 in Ayr KA8 8BU

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Investment Highlights

Prominent location
Within a parade of shops

Busy thoroughfare

Executive Summary

The property is prominently situated on the west side on Main Street, close to its junction with Crown Street. Frequent bus services operate on Main Street with Ayr Rail Station taking around 3 minutes’ drive. Nearby occupiers include Farmfoods, The Cafe Ayr and William Hill.

Property Facts

Price	$51,121	Sale Type	Investment
Unit Size	292 SF	Building Class	C
No. Units	1	Floors	2
Total Building Size	3,606 SF	Typical Floor Size	1,803 SF
Property Type	Retail (Condo)	Year Built	1909
Property Subtype	Storefront	Lot Size	0.07 AC

Price	$51,121
Unit Size	292 SF
No. Units	1
Total Building Size	3,606 SF
Property Type	Retail (Condo)
Property Subtype	Storefront
Sale Type	Investment
Building Class	C
Floors	2
Typical Floor Size	1,803 SF
Year Built	1909
Lot Size	0.07 AC

1 Unit Available

Unit 97

Unit Size	292 SF	Sale Type	Investment
Price	$51,121	Tenure	Freehold
Price Per SF	$175.07	Cap Rate	9.00%
Condo Use	Retail	NOI	$4,600.93

Unit Size	292 SF
Price	$51,121
Price Per SF	$175.07
Condo Use	Retail
Sale Type	Investment
Tenure	Freehold
Cap Rate	9.00%
NOI	$4,600.93

Description

The subjects comprise a single storey ground
floor retail unit contained within a parade of
shops of masonry construction.

Sale Notes

Offers over £40,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on the rental income of £3,600 per annum a purchase at this level would reflect a net initial yield of 9%.