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171-173 High St 2,333 sq ft Retail Property Ayr KA7 1QT £395,000 (£169.31/sq ft) 11.39% Net Initial Yield
Investment Highlights
- Fully let investment to a strong national telecoms operator (Three) until 2027.
- Prominent Ayr High Street location with full building footprint and 2,379 sq ft of accommodation. [171-173-Hi...-1QT-1 (1) | PDF]
- Attractive NIY (~11.4%) based on £45,000 rent and £395,000 asking price.
Executive Summary
The property at 171–173 High Street, Ayr presents a secure town-centre retail investment fully let to Hutchison 3G UK Ltd (Three), a major UK mobile network operator forming part of the CK Hutchison Group. The tenant has been in occupation since 2017, with the current lease running until November 2027, providing an attractive and reliable income stream of £45,000 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,333 sq ft
Costar Property Class
B
Year Built
1922
Price
£395,000
Price per sq ft
£169.31
Yield
11.39%
NOI
£45,000
Tenancy
Single
Number of Floors
3
Amenities
- Security System
- Storage Space
1 1
Nearby Major Retailers
Bank Of Scotland
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Photos
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171-173 High St
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