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Description

This property is offered for sale as an Investment sale Asking Price: Offers over £ 210,000 Last verified 13 August 2008 The subjects are occupied by the tenants on a full repairing and insuring lease terminating on 30th October 2017. The rental is £13,250 per annum and subject to one further review in October 2012. The current tenants are M C Dickson (Opticians) Ltd, a wholly owned subsidiary of Rayner & Keeler Ltd trading as Stephen Rowe Opticians. For the year to 31st December 2006 Rayner & Keeler, the company, had a turnover of £38.5m with a net worth of £12.47m. An Experian Credit Check Report reveals the company to score A (Very Low risk) in both years 2007 and 2008. Offers in excess of £210,000 per annum are invited reflecting a net initial yield of 6.14% after purchasers costs of 2.75%. Each party will be responsible for their own costs. Viewing by appointment through the agents. Further details are available upon application to the marketing agents.

Comments
The subjects comprise a retail shop occupying the ground floor of a mid terrace two storey property.
The unit has been fitted to a high standard internally by the current occupiers, Rayner & Keeler trading as Stephen Rowe Opticians.
The shop is well appointed throughout with a large retail area together with three private offices and staff toilets to the rear.
The subjects are located within Portland Street, Troon’s main retailing street, with shop units occupied by a range of national multiples.
Troon is located in the South Ayrshire Council area with a population of around 15,000.

Property Parts
Total Floor Area of Retail Unit 868 Sq Feet

Features
Single Storey Layout
1 Trading Floor
1 Total Floor

Notice
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