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The Chestnuts 52 Racecourse Rd 14 Room Hotel Ayr KA7 2UZ £1,100,000 (£78,571/Room) 7.89% Net Initial Yield
Investment Highlights
- Substantial stone property in large corner plot
- Car Parking
- Successful and established tenant business
Executive Summary
Substantial stone property in large corner plot. Successful and established tenant business. Rental £86,800 per annum - RPI increase at review. Rental guarantee for lease duration. Offers over £1,100,000
Property Facts
| Price | £1,100,000 | Total Plot Size | 0.43 ac |
| Price Per Room | £78,571 | Property Size | 17,002 sq ft |
| Sale Type | Investment | No. Rooms | 14 |
| Yield | 7.89% | No. Floors | 2 |
| Tenure | Freehold | Year Built | 1870 |
| Property Type | Hospitality | Parking Allocation | 1.47/1,000 sq ft |
| Property Subtype | Hotel | Corridor | Interior |
| Costar Property Class | B |
| Price | £1,100,000 |
| Price Per Room | £78,571 |
| Sale Type | Investment |
| Yield | 7.89% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.43 ac |
| Property Size | 17,002 sq ft |
| No. Rooms | 14 |
| No. Floors | 2 |
| Year Built | 1870 |
| Parking Allocation | 1.47/1,000 sq ft |
| Corridor | Interior |
Amenities
- Restaurant
- On-Site Bar
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 14 | £114.00 | - |
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The Chestnuts | 52 Racecourse Rd
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