Aldi, 135 -147 Ayr Road, Prestwick, Scotland KA9 1TW

Prestwick, KA9 1TW

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Aldi, 135 -147 Ayr Road, Prestwick, Scotland KA9 1TW
Price £3,165,000
Rent (pa) £202,100
Yield 6%

Investment Summary

  • Prime Long Income Foodstore investment with an unexpired lease term of 51.80 years.
  • Prestwick is a busy town in South Ayrshire on the west coast of Scotland.
  • Located approximately 2.5 miles north of Ayr and 30 miles southwest of Glasgow.
  • Situated prominently along A79 Ayr Road, the main arterial route between Prestwick and Ayr.
  • Catchment population of 244,000 within 25-minute drivetime.
  • Purpose built supermarket of 17,728 sq ft.
  • Large site of approx. 1 acre with a low site cover of 40%.
  • Tenant in occupation of additional car park at north of site of 0.2 acres (separate from the sale).
  • Parking for approximately 52 vehicles providing a parking ratio of 1:340 sq ft.
  • Let to Rochpion Properties (4) LLP on assignment from Safeway Stores Limited.
  • Guaranteed by Co-Operative Food Group Limited.
  • Fully repairing insuring lease for a term of 99 years wef 31st January 1977, expiring 30th January 2076 (51.80 years unexpired).
  • Current passing rent of £202,100 per annum (£11.40 psf).
  • Estimated rental value of £234,000 per annum (£13.20 psf)
  • Rent reviewed five yearly to OMRV. Next rent review in January 2027.
  • Sub-let to Aldi Stores Limited until 3rd February 2028 at the current passing rent.
  • Heritable Interest (Scottish equivalent of English freehold).
Town Prestwick
Postcode KA9 1TW
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