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Newton Trading Estate

McCall's Avenue, Ayr, KA8 9AE

£4,161,000


- 67,816 sq ft multi let industrial asset with a range of unit sizes
- Generous yard and parking areas with a site coverage of only 33%
- Fully let to an excellent tenant mix
- FRI leases with no …

- 67,816 sq ft multi let industrial asset with a range of unit sizes
- Generous yard and parking areas with a site coverage of only 33%
- Fully let to an excellent tenant mix
- FRI leases with no schedules of condition
- 93% of rent secured against South Ayrshire Council, Jewson and William Wilson
- 63% of rental income below £4.00 psf
- Term certain WAULT of 7.48 years
- Providing a rent of £310,318 p.a. reflecting a very low average passing rent of only £4.58 psf
- Investment provides a combination of asset management opportunities, rental growth and very secure medium term income
- Offers over £4,161,000 exclusive
- Net initial yield of 7.00%
- Low capital rate of only £61.37 psf