Home > Auctions > 11 December 2024 11 December 2024 - 9:00am > Lot 131

11 December 2024: Wednesday 11 December 2024 - 9:00am
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    Key features

    • To be offered in 11 December Auction
    • Heritable Shop Investment
    • Well located on the High Street
    • Let to DEBRA, a national charity on a leas eexpiring 2029(1)
    • Subject to a fixed rental uplift in 2026 to £22,000 p.a
    • Investment let at £22,000 p.a.(1) (14.19% GIY on Guide Price)

    Description

    The property is arranged over ground floor to provide a shop with ancillary accommodation.


    The property forms part of a larger building not included in the sale.

    Additional information

    Tenure

    Heritable

    Accommodation

    Ground Floor - 205.17 sq m (2,208 sq ft)

    Tenancy

    Let to DEBRA on a full repairing and insuring(FRI) lease for a term expiring October 2029 at £20,000 per annum.


    (1) The lease provides for a fixed rental uplift in April 2026 to £22,000 per annum.


    The Seller will top-up the rent by way of an allowance from Completion so the buyer effectively receives £22,000 p.a. from Completion until the fixed uplift comes into effect.


    (2) The lease provides for a tenant break option in October 2026 anniversary.


    ---


    DEBRA are a national charity with 80+ shops and are an EB Charity, a national medical research charity and patient support organisation for anyone in the UK living with an inherited form of EB, their family members, carers, plus healthcare professionals and searchers specialising in epidermolysis bullosa (EB).


    For the year ended December 2023 DEBRA reported:     

    D&B Rating· 2A 1 

    Turnover· £18,228,440     

    Pre-tax profit·-£662,920      

    Shareholders Funds: £4,469,925

    (Source: Incans 26.11.2024)


    Website: debra.org.uk

    Rent

    £22,000 per annum(1)

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect

    the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.


    Joint Agent



    Jas Aujla

    07810 717 229

    jas@tsapc.co.uk

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        Local information

        The coastal town of Ayr is located 35 miles south-west of Glasgow and is the commercial and administrative centre for South Ayrshire

        The property is situated on the East side of High Street close to its junctions with Kirk prt

        Nearby occupiers include Cancer Research UK, British Heart Foundation, Shelter and Santander amongst many others

        Transport

        Road - The town lies on the A77, which provides access to the M77 Motorway

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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