£120,000
Restaurant for sale
Property photos
Offers over
£120,000
(£170.94/sq. ft)
Restaurant for sale
Portland Street, Troon KA10702 sq. ft
Local area information
Property location
Nearby amenities
- Troon Primary School 0.1 miles
- St Patrick's Primary School 0.2 miles
- Troon 0.3 miles
- Troon Ferry Terminal 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Centre Of Affluent Town
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: Price On Request
Location
The property is situated on the north-west side of Portland Street within the coastal town of Troon.
The location benefits from being within a high footfall location and a main thoroughfare in the town.
Troon is a town in South Ayrshire, situated on the west coast of Scotland, about 8 miles (13 km) north of Ayr and 3 miles (5 km) northwest of Prestwick Airport. Troon has a population in excess of 14,750 with a further catchment from Prestwick, Ayr & Barassie. Neighbouring occupiers include Bruce’s Well, Troon Swimming Pool, New Look and Poundland.
Property
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.
Further Information
The tenant operates other hot food units in Ayrshire, with this premises being part of their expansion from customer feedback and requirements to have local outlets.
Sale
The property is available on a freehold basis, price on request
V.A.T
We have been verbally advised the property has not been elected for V.A.T
Energy Performance
A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
Legal Costs
Each party will be responsible for paying their own legal costs incurred in this transaction.
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti Money Laundering
TSA Property Consultants are regulated by hmrc in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.
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: Price On Request
Location
The property is situated on the north-west side of Portland Street within the coastal town of Troon.
The location benefits from being within a high footfall location and a main thoroughfare in the town.
Troon is a town in South Ayrshire, situated on the west coast of Scotland, about 8 miles (13 km) north of Ayr and 3 miles (5 km) northwest of Prestwick Airport. Troon has a population in excess of 14,750 with a further catchment from Prestwick, Ayr & Barassie. Neighbouring occupiers include Bruce’s Well, Troon Swimming Pool, New Look and Poundland.
Property
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.
Further Information
The tenant operates other hot food units in Ayrshire, with this premises being part of their expansion from customer feedback and requirements to have local outlets.
Sale
The property is available on a freehold basis, price on request
V.A.T
We have been verbally advised the property has not been elected for V.A.T
Energy Performance
A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.
Legal Costs
Each party will be responsible for paying their own legal costs incurred in this transaction.
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti Money Laundering
TSA Property Consultants are regulated by hmrc in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.
More information
Listed by
TSA Property Consultants
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