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Investment property with retail space

Prestwick, KA9 - Get Access

Description

This income-producing investment comprises a ground floor retail premises situated in an excellent trading position within a larger four-storey red sandstone mixed-use tenemental development. The net area extends to approximately 91.97 square metres (990 square feet). Internally, the unit has been fitted out in accordance with the tenant's business requirements, featuring open-plan retailing space to the front, with partitioned W.C. and tea preparation areas to the rear. The property is let on a Full Repairing and Insuring (FRI) lease to Cutsburn Ltd, trading as Dream Doors, expiring on 24th March 2029 at a passing rent of £13,000 per annum, offering an approximate 6% yield. Prestwick is a coastal town in South Ayrshire on Scotland's west coast, lying on the Firth of Clyde immediately north of Ayr and south of Monkton, approximately 30 miles south-west of Glasgow. The town functions primarily as a residential community with a local high-street retail and leisure offer, drawing a core catchment from its own residents and nearby settlements. Transport links include the Ayrshire Coast Line with frequent rail services to Glasgow Central and Ayr, road access via the A77 and A78, and Glasgow Prestwick Airport located on the northern edge of the town.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 990 sq ft (Listing)

Valuing this ground floor commercial retail unit on Main Street, Prestwick, relies primarily on an investment-based methodology using the active lease income. The property forms part of a traditional four-storey red sandstone tenemental development and is currently let on an FRI lease generating £13,000 per annum. Condition is assessed as fair with standard high-street weathering, and the internal floor area of 990 sq ft is taken from the advertised specifications.

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