27 Sandgate, Ayr, KA7 1BH
Business rates & charges may apply
- SIZE
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- SECTOR
Commercial development for sale
Key features
- • PRIME NEW LISTING. We are excited to present this Vacant Commercial unit located within a prime location in Ayr.
- • This presents an excellent opportunity for a commercial-to-residential conversion, with strong rental and capital growth potential, subject to planning and consents.
- •nticipated rent across the potential three/four flats is between £24,000 and £32,000 per annum
- • Ideal for serviced accommodation; local Airbnbs achieve £125-£175 per night, or £31,938-£44,713 per annum at 70% occupancy, subject to consents.
- • Nearby properties sell for £120,000-£155,000, offering notable resale upside following conversion, subject to planning and all required permissions.
Description
- PRIME NEW LISTING. We are excited to present this Vacant Commercial unit located within a prime location in Ayr.
- This presents an excellent development opportunity for a commercial-to-residential conversion, with the potential to develop between 3/4 flats with strong rental and capital growth potential, subject to planning and consents.
- Anticipated rent across the potential three/four flats is between £24,000 and £32,000 per annum
- Ideal for serviced accommodation; local Airbnbs achieve £125-£175 per night, or £31,938-£44,713 per annum at 70% occupancy, subject to consents.
- Nearby properties sell for £120,000-£155,000, offering notable resale upside following conversion, subject to planning and all required permissions.
PRIME NEW LISTING. We are excited to present this Vacant Commercial unit located within prime location in Ayr.
This presents an excellent development opportunity for a commercial-to-residential conversion, with the potential to develop between 3/4 flats with strong rental and capital growth potential, subject to planning and consents.
The property comprises a spacious and flexible commercial layout, offering a practical footprint that could suit a variety of business uses, while also lending itself well to reconfiguration for alternative strategies, subject to the relevant consents.
Anticipated rent across the potential three/four flats is between £24,000 and £32,000 per annum creating a strong high-yielding opportunity
The property is held on a freehold basis, giving the buyer outright ownership and long-term control over the asset.
If transformed, the property could potentially flourish as an AirBnB or serviced accommodation. Comparable properties in the area are achieving impressive rental rates of £125 - £175 per night, subject to necessary planning consents. This could potentially generate an annual income of £31,938 - £44,713 based on 70% occupancy, offering high yield potential.
Properties in the area are selling for between £120,000 and £155,000, presenting a significant cash-generating opportunity, subject to obtaining the necessary planning and permissions.
The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.
The rateable value is to be confirmed by the Assessor, and interested parties should satisfy themselves regarding any business rates liability and any relief that may be available, subject to eligibility.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website.
This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.
For further details on how to have a bidding account created, please contact the team.
Location
Ayr is a well-established coastal town with a busy commercial core that supports a wide mix of independent traders, professional services, hospitality and national retailers. Sandgate sits close to the town centre, benefiting from consistent passing trade and strong visibility for a range of business uses. The area is well connected, with Ayr railway station providing regular services and the road network offering straightforward access via the A77 and wider routes across Ayrshire and beyond. Ongoing demand from local occupiers is underpinned by the town's role as a key regional hub, making well-located units attractive to both investors and owner-operators.
27 Sandgate, Ayr, KA7 1BH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ayr Station0.5 miles
- Newton-on-Ayr Station0.8 miles
- Prestwick Town Station2.7 miles
Notes
Disclaimer - Property reference 229320330. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property, Glasgow on 0141 673 3554.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”