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10 Queens Court Sandgate, Unit 5 and 13, Ayr, KA7 1BH

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Guide Price

£70,000

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Investment

Commercial

10 Queens Court Sandgate, Unit 5 and 13, Ayr, KA7 1BH

Vacant Commercial/ Development Potential

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Description

Prime New Entry. Massive commercial unit set in prominent building in the Sandgate of Ayr. Property Extends to 2,140.94 sq ft (198.90 sq m)
Property was previously let to a Spa for £15,000 per annum. Property will be sold vacant.
Excellent opportunity for commercial let. Property would attract an annual income of £13,000 - £16,000 making it an attractive investment at Guide Price.
Property may lend itself for conversion into Serviced accommodation, subject to researching and gaining necessary consents. Based on 70% occupancy this would provide a gross annual income of £25,550 - £38,325 making it an extremely attractive investment opportunity.
Queens Court occupies a prominent position on the east side of Sandgate at its junction with the niche retailing street of Newmarket Street in Ayr town centre. There is on street and public car parking nearby.

Prime New Entry. Massive first floor commercial unit set in prominent building in the Sandgate of Ayr. Property Extends to 2,140.94 sq ft (198.90 sq m). Property was previously let to a Spa for £15,000 per annum. Property will be sold vacant. The property is accessed off a courtyard on Sandgate at Queens Court. Within the building there is a mixed variety of spaces from office, residential and/or wellbeing uses with current occupiers including a barber shop, a salon and a dental practice. Excellent opportunity for commercial let. Property would attract an annual income of £13,000 - £16,000 making it an attractive investment at Guide Price. Property may lend itself for conversion into Serviced accommodation, subject to researching and gaining necessary consents. The property has 2 separate entrances and may be suitable for 2 apartments or 1 large unit. (subject to researching and gaining the necessary consents.) Should the property be used as for Serviced accommodation the expectations for nightly rate would be £100 - £150. Based on 70% occupancy this would provide a gross annual income of £25,550 - £38,325 making it an extremely attractive investment opportunity. Perfect for SA purposes should it be turned into Resi/SA. May lend itself to being split into a 2 bedroom flat and a 1 bedroom flat. Has 2 separate entries which is ideal. Property was previously let to a Spa for £15,000 per annum. Property has a current rateable value of £13,200.

Location

Ayr, situated along the picturesque coastline of South Ayrshire, presents an appealing investment opportunity with its strategic location and rich cultural heritage. As a historic market town with a vibrant tourism industry, Ayr boasts a diverse economy supported by sectors such as hospitality, retail, and leisure. Its stunning beaches, iconic landmarks like the Auld Brig, and annual events such as the Ayr Gold Cup attract visitors from far and wide, creating opportunities for investment in tourism-related ventures. Additionally, Ayr's proximity to Glasgow and excellent transport links make it an attractive destination for businesses and commuters alike. Investors can capitalise on Ayr's expanding housing market, urban regeneration projects, and community initiatives to drive economic growth and contribute to the ongoing prosperity of this charming town in Scotland.

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