• Retail unit let to Superdrug Stores plc (Shareholders Funds £319M)

• Offices let to established local occupier

• Prominent Grade B listed building

• Asset management opportunities

• Offers over £695,000 subject to contract

• Very attractive net initial yield of 28.26%

The building occupies a prominent position on the east side of High Street in the heart of the town centre. The High Street is the principal retail street running north/south through the town and comprises a mix of national retailers and independent operators. Nearby occupiers include Santander, Tesco, Boots, Bank of Scotland, Marks & Spencer and Wilko.

Diagonally opposite the subjects, the Council has recently completed the refurbishment of the former Clydesdale Bank, a 3 storey detached building. The concept for the refurbishment of the building has created an indoor/outdoor food market and events space on the ground floor with office accommodation on the floors above.

It is intended that this project will improve permeability and footfall at this important juncture of Newmarket Street and High Street.

Further boosting the town centre is the granting of Planning Consent for the redevelopment of The Kyle Centre which lies approximately 2 minutes walk from the subjects. Approval has been granted for a 7 screen cinema and a variety of food outlets within the Centre.

Further information on the regeneration proposals: www.south-ayrshire.gov.uk.

The property comprises an entire traditional sandstone building over ground, first and second floors. The ground floor was extended in 2006, specifically to accommodate the tenant’s requirements for additional retail space and ancillary storage. This created larger open plan sales accommodation at ground floor with substantial mezzanine storage above.

The sales area is accessed both by steps to the front with ramped access provided for disabled customers and internally is fitted out to the tenant’s quality standard.

There is a separate self-contained access to the office accommodation, via an attractive stairwell and the offices are a mixture of cellular rooms, with kitchen and toilet facilities over first and second floors.

We understand the building is Listed as being of Architectural or Historical Importance, Category B.

Heritable (Scottish equivalent of English Freehold).

Superdrug Stores plc (Company No 00807043) has reported the following figures:

Superdrug was founded in 1964 and is the United Kingdom's second-largest beauty and health retailer currently operating over 800 stores in England, Scotland, Wales, Northern Ireland and the Republic of Ireland. They currently have 200 in-store pharmacies and employ 14,000 people.

For further information visit www.superdrug.com.

Sprig Ltd operate 4 pubs and 2 nightclubs within the Ayr area and also organise Gambling Trips to Las Vegas. They use the offices for admin purposes.

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).

1. Opportunity to acquire substantial town centre building;

2. Significant Town Centre regeneration within immediate vicinity;

3. Asset management opportunities including re-gearing and extending existing lease to Superdrug;

4. Grade B listed building so no Empty Property Rates payable;

5. Let to the undoubted covenant of Superdrug Stores plc – net assets of £319million;

6. Very attractive net initial yield of 28.26%.