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41-43 Newmarket St 2,184 SF Retail Condo Unit Offered at $205,940 CAD in Ayr KA7 1LL
Investment Highlights
- Attractive retail investment in pedestrianised town-centre location
- Full Repairing & Insuring lease to Nov 2030 with break in 2028
- Surrounded by strong local occupiers including HMC Makeup Studios, Café Le Monde, The Good Travel Company and Ogg’s Pharmacy
- Let to long-established charity Ayrshire Cancer Support
- EPC Rating: C
Executive Summary
A well-located retail investment on Ayr’s busy pedestrianised Newmarket Street, fully let to Ayrshire Cancer Support on a repairing and insuring lease until November 2030. The property comprises a double-fronted ground-floor retail unit of approx. 2,184 sq ft and offers strong footfall in a thriving town-centre setting. Generating £10,500 per annum and available at offers over £85,000, the opportunity provides an attractive 12.13% net initial yield with secure income from a long-established tenant.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 9.37% |
| Sale Type | Investment |
| Cap Rate | 9.37% |
| Tenure | Freehold |
Description
The unit comprises a ground-floor double-fronted retail space used as a charity shop, benefiting from strong surrounding footfall. The title is heritable, and purchasers will be responsible for LBTT, registration dues and any VAT. EPC Rating: C.
Sale Notes
The property is fully let to Ayrshire Cancer Support on a Full Repairing & Insuring lease running until 17 November 2030, with a tenant-only break in November 2028. The investment generates £10,500 per annum, offering an appealing 12.13% NIY at an asking price of £85,000.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 43 | 2,184 SF | Retail | $205,940 CAD ($94.29 CAD/SF) | $19,303.15 CAD |
Unit 43
| Unit Size |
| 2,184 SF |
| Condo Use |
| Retail |
| Price |
| $205,940 CAD ($94.29 CAD/SF) |
| NOI |
| $19,303.15 CAD |
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Unit 43
| Unit Size | 2,184 SF |
| Condo Use | Retail |
| Price | $205,940 CAD ($94.29 CAD/SF) |
| NOI | $19,303.15 CAD |
| Sale Type | Investment |
| Cap Rate | 9.37% |
| Tenure | Freehold |
| Description | |
| The unit comprises a ground-floor double-fronted retail space used as a charity shop, benefiting from strong surrounding footfall. The title is heritable, and purchasers will be responsible for LBTT, registration dues and any VAT. EPC Rating: C.</li></ul> | |
| Sale Notes | |
| The property is fully let to Ayrshire Cancer Support on a Full Repairing & Insuring lease running until 17 November 2030, with a tenant-only break in November 2028. The investment generates £10,500 per annum, offering an appealing 12.13% NIY at an asking price of £85,000.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 2,874 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,874 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1857 |
| Building Class | B |
| Total Building Size | 2,874 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,874 SF |
| Year Built | 1857 |
Amenities
- Security System
- Storage Space
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Nearby Major Retailers
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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41-43 Newmarket St
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