V.A.T. FREE Town Centre Take Away Investment Passing £12kp.a Increasing to £13k p.a in 2027 | Sale o/o £110,000
Summary
- Centre Of Affluent Town
- Take Away Unit
- Held on F.R.I Lease on Personal Name
- Expiry October 2035 (With Option To Extend)
- Passing £12,000p.a.
- Fixed Increase in 2027 to £13,000p.a.
- Sale: o/o £110,000
Location
The property is situated on the north-west side of Portland Street within the coastal town of Troon.
The location benefits from being within a high footfall location and a main thoroughfare in the town.
Troon is a town in South Ayrshire, situated on the west coast of Scotland, about 8 miles (13 km) north of Ayr and 3 miles (5 km) northwest of Prestwick Airport. Troon has a population in excess of 14,750 with a further catchment from Prestwick, Ayr & Barassie. Neighbouring occupiers include Bruce’s Well, Troon Swimming Pool, New Look and Poundland.
Get directions from Google Maps
Mainline Stations
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Troon6 mins
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Barassie21 mins
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Prestwick International Airport60 mins
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Prestwick Town68 mins
Underground Station
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Chesham6041 mins
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Amersham6079 mins
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Chalfont and Latimer6106 mins
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Chorleywood6139 mins
Further Information
Price Offers in excess of £110,000
Rates Payable Upon Enquiry
Description
The property comprises a ground floor take away within a larger 2 storey mixed use development of traditional construction.
The ground floor commercial space is fitted as a chinese take away, with customer servery to the front, partitioned pitching within the middle of the property and rear stores, w.c and prep area within a single storey extension to the rear.
The property has been extensively renovated by the tenant.
Area
The commercial space extends to the following internal area;
Ground: 65.2sqm (702sq ft)
Investment Summary
The property is held on a full repairing and insuring head lease on a personal name expiring 30th October 2035, with a tenants break option on 31st October 2030. The tenant has an option to extend the lease for a further 10years.
The current passing rent is £12,000p.a. with a fixed increase to £13,000p.a. from 31st October 2027. There are rent review cycles every 5th year (next October 2030). The landlord holds a deposit of £1,500.
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