27-29 Sandgate, Ayr, KA7 1BH
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27-29 Sandgate, Ayr, KA7 1BH
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Excellent Commercial Opportunity
Description
- PRIME NEW LISTING. We are excited to present this Vacant Commercial unit located within a prime location in Ayr.
- This presents an excellent opportunity for a commercial-to-residential conversion, with strong rental and capital growth potential, subject to planning and consents.
- Anticipated rent of £675- £750 per month, which is £8100- £9000 per annum, subject to tenancy and due diligence. Rateable value to be confirmed, subject to eligibility.
- Ideal for serviced accommodation; local Airbnbs achieve £125–£175 per night, or £31,938–£44,713 per annum at 70% occupancy, subject to consents.
- Nearby properties sell for £120,000–£155,000, offering notable resale upside following conversion, subject to planning and all required permissions.
PRIME NEW LISTING. We are excited to present this Vacant Commercial unit located within prime location in Ayr.
This is a great opportunity for a potential commercial to residential conversion offering great rental and capital growth potential, subject to planning and gaining necessary permissions.
The property comprises a spacious and flexible commercial layout, offering a practical footprint that could suit a variety of business uses, while also lending itself well to reconfiguration for alternative strategies, subject to the relevant consents.
With the unit being vacant, the property could realistically achieve a rental income of £675- £750 per month, which is £8100- £9000 per annum, subject to tenancy and due diligence. This provides a strong investment angle for buyers looking to secure a fresh letting at market terms, while also appealing to owner-occupiers seeking a well-positioned premises in an established trading location.
The property is held on a freehold basis, giving the buyer outright ownership and long-term control over the asset.
If transformed, the property could potentially flourish as an AirBnB or serviced accommodation. Comparable properties in the area are achieving impressive rental rates of £125 - £175 per night, subject to necessary planning consents. This could potentially generate an annual income of £31,938 - £44,713 based on 70% occupancy, offering high yield potential.
Properties in the area are selling for between £120,000 and £155,000, presenting a significant cash-generating opportunity, subject to obtaining the necessary planning and permissions.
The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.
The rateable value is to be confirmed by the Assessor, and interested parties should satisfy themselves regarding any business rates liability and any relief that may be available, subject to eligibility.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our Offer Now button on our website.
This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team.
Location
Ayr is a well-established coastal town with a busy commercial core that supports a wide mix of independent traders, professional services, hospitality and national retailers. Sandgate sits close to the town centre, benefiting from consistent passing trade and strong visibility for a range of business uses. The area is well connected, with Ayr railway station providing regular services and the road network offering straightforward access via the A77 and wider routes across Ayrshire and beyond. Ongoing demand from local occupiers is underpinned by the town’s role as a key regional hub, making well-located units attractive to both investors and owner-operators.
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Terms of Sale
All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.