Commercial Property in South Ayrshire available for sale
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Hotel or Motel for Sale in the South Ayrshire, Ayr

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More details for 52 Racecourse Rd, Ayr - Hospitality for Sale

The Chestnuts - 52 Racecourse Rd

Ayr, KA7 2UZ

  • Hospitality for Sale
  • £1,100,000
  • 17,002 sq ft
  • Restaurant

Ayr Hospitality for Sale

The property is held on a 20-year full repairing and insuring lease from October 2008 drawn on full repairing and insuring terms although with tenant’s repairs obligation limited through a Schedule of Condition. The passing rent is £86,800 per annum with rent reviews based on an R.P.I. increase. The majority of fixtures and fittings are owned by the landlord, and an inventory is attached to the lease. The tenant is Craig Homes Ltd and, whilst there is no history of rent arrears, the vendors are willing to guarantee the rental for the remaining term of the lease. The subjects comprise a detached two-storey villa dating back to around 1870 with a range of one and two-storey extensions all set within a large corner plot offering ample off-street car parking and landscaped garden areas.

Contact:

Shepherd Chartered Surveyors

Property Subtype:

Hotel

Date on Market:

14/09/2018
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