Highly Secure Leisure Investment

202 High Street | Ayr | KA7 1RH


offers in excess of



  • Let to Luxury Leisure – Shareholders Funds in excess of £31 Million

  • Lease until December 2033 (tenant break option December 2028)

  • Prominent Position within High Street

  • Tenant been in occupation for over 25 years

  • Offers in excess of £550,000, subject to contract

  • Attractive Net Initial Yield of 8.68%



The coastal town of Ayr has a population of 46,000 and is situated on the West Coast of Scotland. Glasgow is approximately 36 miles (50 km) to the north east and is easily accessible via the A77. Ayr is 3 miles (5 km) south of Glasgow Prestwick International Airport and benefits from excellent road and rail links, with regular train services to Glasgow and Edinburgh.

Ayr is the administrative centre for South Ayrshire and benefits from a large tourist trade given its close proximity to both Troon and Turnberry Open Golf Championship venues.


The subjects occupy a prominent position on the east side of High Street, the principal retail street running north/south through the town and comprises a mix of national retailers and independent operators. Nearby occupiers include Waterstones, Tesco, Boots, Bank of Scotland, Vodafone and O2.

There are major redevelopment and regeneration proposals for Ayr Town Centre. The owners of The Kyle Centre, which sits directly opposite the subjects, have recently secured Planning Consent for the redevelopment of the Centre with approval granted for a brand new, state of the art, eight-screen cinema with plans for bars and restaurants, leisure activities such as virtual reality, soft play, indoor golf experience and a refurbished car park.

The cinema will be operated by The Arc Cinema www.cinematech.today/index.php/2021/02/22/the-arc-cinema-signs-up-at-ayrs-kyle-centre-development/.

Ayr Admiral Casino property investment KA7 1RH - 9
Ayr Admiral Casino property investment KA7 1RH - 10


The subjects comprise a large rectangular ground floor unit with ancillary flat/storage accommodation above. The unit has a double frontage with central entrance door, with pitched slate roof over the front building and flat roof to the rear extensions. There is a small car park to the rear accessed from Mill Wynd.

Internally the subjects comprise open plan sales area, with partitioned area beyond with sunbed rooms and ancillary offices and toilets to the rear. The unit is regular in shape and the sales area is fitted to the tenant’s corporate standard with air conditioning installed.


We have measured the premises and calculated the following Net Internal floor areas:

Ground Floor    
Sales Area 117.37 sq m 1,263 sq ft
Mid Area 55.75 sq m 600 sq ft
Rear Area 37.87 sq m 408 sq ft
Total 210.99 sq m 2,271 sq ft
ITZA (excluding 1st floor) 104.33 sq ft 1,123 sq ft
First Floor 51.93 sq m 559 sq ft


Heritable (Scottish equivalent of English freehold).


The subjects are let on a Fully Repairing Lease to Luxury Leisure for 15 years from 25th December 2018 until 25th December 2033. The tenant has a break option effective 25th December 2028, on serving 6 months prior written notice.

The passing rent is £50,000 pa. and there are rent reviews effective December 2023 and 2028.

N.B. The tenant continued to pay the rent throughout the pandemic.

Ayr Admiral Casino property investment KA7 1RH - 22


Luxury Leisure (Co 02448035) has reported the following trading figures;

  31st December 2019 31st December 2018
Turnover £74,372,649 £64,792,104
Pre-Tax Profit £9,361,722 £6,359,672
Total Assets £31,688,424 £21,123,099

Luxury Leisure Talarius, trading as Admiral, is a market leading provider of slots and gaming entertainment in the UK. Boasting over 230 high street and seaside gaming venues, Admiral offers the ultimate gaming experience, showcasing the best casino and classic slot games available on both the most technologically advanced slot machines and traditional “fruit machines.” Luxury Leisure Talarius is also home to Kwik Tan, a market leading UV Tanning service.


The property has been elected for VAT and therefore VAT will be payable on the purchase price. It is anticipated that the transaction will be treated as a Transfer of a Going Concern (TOGC).



We are instructed to seeks offers in excess £550,000 (Five Hundred and Fifty Thousand Pounds) exclusive of VAT, in respect of our clients Heritable Interest in the property, with the benefit of the existing lease. This reflects an attractive Net Initial Yield of 8.56% after deduction of conventional purchaser’s costs.

Investment Considerations

  1. Let to excellent covenant of Luxury Leisure – Shareholders Funds of £31M;

  2. Fully Repairing and Insuring lease until 2033;

  3. Directly opposite Kyle Centre which will be redeveloped as a cinema complex, complementing the tenant’s trade;

  4. Opportunity to “take back” the first floor flat and refurbish for lease/sale;

  5. Attractive net yield of 8.68%.


Contact Us

Singer Vielle   +44 (0) 207 935 7200
Graham Waddell graham@singervielle.co.uk +44 (0) 141 221 4545
Douglas Wilson douglas@singervielle.co.uk +44 (0) 141 370 0284
Dale Henry dale@singervielle.co.uk +44 (0) 203 701 1356 
Neil Singer neil@singervielle.co.uk +44 (0) 203 478 9120


Vendors Solicitor

DWF Solicitors +44 (0) 131 474 2395
David Ratter david.ratter@dwf.law