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244 High St 1,463 SF Retail Building Ayr KA7 1RL $494,499 CAD ($338.00 CAD/SF) 10% Cap Rate
Investment Highlights
- High Street Location
- The property forms the ground floor of a larger 3 storey mixed use building
- Let To Merkur Slots
- Ayr is a popular coastal market town
- Fully Renovated
- Expiry: June 2039
Executive Summary
Investment sale of a fully let retail unit producing £26,500 per annum, secured against Merkur Slots UK Ltd on an FRI lease expiring June 2039. The property offers long-term income with scheduled rent reviews and a tenant break in 2029, presenting an established High Street investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
1,463 SF
Building Class
B
Year Built
1910
Price
$494,499 CAD
Price Per SF
$338.00 CAD
Cap Rate
10%
NOI
$49,467 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.81
Lot Size
0.04 AC
Frontage
21’ on High Street
Amenities
- Security System
- Air Conditioning
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Nearby Major Retailers
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Videos
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Photos
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244 High St
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