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171-173 High St 2,333 SF Retail Building Ayr KA7 1QT $718,841 CAD ($308.12 CAD/SF) 11.39% Cap Rate
Investment Highlights
- Fully let investment to a strong national telecoms operator (Three) until 2027.
- Prominent Ayr High Street location with full building footprint and 2,379 sq ft of accommodation. [171-173-Hi...-1QT-1 (1) | PDF]
- Attractive NIY (~11.4%) based on £45,000 rent and £395,000 asking price.
Executive Summary
The property at 171–173 High Street, Ayr presents a secure town-centre retail investment fully let to Hutchison 3G UK Ltd (Three), a major UK mobile network operator forming part of the CK Hutchison Group. The tenant has been in occupation since 2017, with the current lease running until November 2027, providing an attractive and reliable income stream of £45,000 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,333 SF
Building Class
B
Year Built
1922
Price
$718,841 CAD
Price Per SF
$308.12 CAD
Cap Rate
11.39%
NOI
$81,893 CAD
Tenancy
Single
Building Height
3 Stories
Amenities
- Security System
- Storage Space
1 1
Nearby Major Retailers
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171-173 High St
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