Available
£95,000
93 Portland Street, Troon, KA10 6QN
702 sq. ft (65.22 m²)
Key features
- Take Away Unit
- Held on F.R.I Lease on Personal Name
- Expiry October 2035 (With Option To Extend)
- Passing £12,000p.a.
- Fixed Increase in 2027 to £13,000p.a.
- Sale: o/o £95,000
Description
The property comprises a ground floor take away within a larger 2 storey mixed use development of traditional construction.
The ground floor commercial space is fitted as a chinese take away, with customer servery to the front, partitioned pitching within the middle of the property and rear stores, w.c and prep area within a single storey extension to the rear.
The property has been extensively renovated by the tenant.
Area
The commercial space extends to the following internal area;
Ground: 65.2sqm (702sq ft)
Investment Summary
The property is held on a full repairing and insuring head lease on a personal name expiring 30th October 2035, with a tenants break option on 31st October 2030. The tenant has an option to extend the lease for a further 10years.
The current passing rent is £12,000p.a. with a fixed increase to £13,000p.a. from 31st October 2027. There are rent review cycles every 5th year (next October 2030). The landlord holds a deposit of £1,500.
The ground floor commercial space is fitted as a chinese take away, with customer servery to the front, partitioned pitching within the middle of the property and rear stores, w.c and prep area within a single storey extension to the rear.
The property has been extensively renovated by the tenant.
Area
The commercial space extends to the following internal area;
Ground: 65.2sqm (702sq ft)
Investment Summary
The property is held on a full repairing and insuring head lease on a personal name expiring 30th October 2035, with a tenants break option on 31st October 2030. The tenant has an option to extend the lease for a further 10years.
The current passing rent is £12,000p.a. with a fixed increase to £13,000p.a. from 31st October 2027. There are rent review cycles every 5th year (next October 2030). The landlord holds a deposit of £1,500.
Reference: 379595_sales
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