Page 66 - Shepherd Commercial Auctions - Catalogue 07/12/2023

Lot 55 Ye Old Forte Bar 39 South Harbour Street, Ayr, South Ayrshire KA7 1JA
Licensed Investment
Features
• Attractive riverside location
• Current passing rent £11,700 per annnum • No rates payable subject to status
• 74.59 sq. m. (803 sq. ft.)
Description
The subjects comprise a licensed premises occupying the ground floor of a two storey mid terraced building formed in sandstone and surmounted by a pitched and slate roof.
Accommodation
The internal accommodation comprises the following: > Bar Area
> Cellarage
> Store/Office
> Customer Toilets
Location
The subjects are located on South Harbour Street in an area of mixed commercial and residential use lying immediately north of Ayr town centre with open views over the River Ayr to the north.
Ayr is the principal settlement in the South Ayrshire Council area with a resident population of around 46,800.
Rateable Value
The property has a rateable value of £7,600. Energy Performance Rating To be confirmed.
Tenancy
The subjects are let to Carol Ward on a 5 year lease from 1st February 2022 at a current passing rent of £11,700 per annum.
*Guide Price £60,000 (plus fees if applicable)
66 * Please see Buyer’s Terms for definition of guide price and auction fees
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,400 inc VAT(£2,000 plus VAT).