• Closing date for Offers: 12 Noon Wednesday 4 December 2019

• Well-let convenience store

• Prominent main road fronted property

• Let to Wm Morrisons Supermarket PLC (Net Assets £4,631 million)

• Unexpired lease term of approximately 9.5 years

• Current rent of £27,280 per annum reflecting £12.57psf

• VAT Free Investment

• Offers in excess of £375,000

• Net initial yield 7.00%

The subjects occupy a prominent site on the southern side of Main Street, close to it’s junction with Bank Street, which is the main vehicular route within the town and provides direct links to the A736 Glasgow to Irvine road. The immediately surrounding area is mixed commercial and residential in nature. The local train station offers regular services into Glasgow Central, Ayrshire and beyond.

The property comprises a ground floor retail unit together with a self-contained first floor residential flat contained within a two storey detached property with single story additions. The building is of traditional rendered brick construction with asphalt covered flat roof.

The ground floor has been fully fitted for retail use in the occupiers’ corporate style.

The first floor flat, which has its own dedicated entrance, provides three apartments, kitchen and bathroom.

The property is held on a heritable title (Scottish Equivalent to English Freehold)

Wm Morrison Supermarkets PLC (Company Number 00358949) have reported the following figures:

With almost 500 stores throughout the UK, Morrisons are one of the UK’s leading supermarket retailers. Morrisons employs 110,000 employees and serves around 11 million customers each week. The company is listed on the London Stock Exchange and is part of the FTSE 100 Index of companies.

For further information see the Downloads section of the website or visit www.morrisons-corporate.com.

The property has not been elected for VAT and accordingly VAT will not be payable on the purchase price.

1. Let to Wm Morrisons PLC – Net Assets £4,631m;

2. Unexpired lease term of 9.5 years – no breaks;

3. Offers in excess of £375,000, subject to contract;

4. VAT free investment;

5. Attractive net initial yield of 7.00%

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