Stewarton is a town in East Ayrshire, Scotland. In comparison to the neighbouring towns of Kilmaurs, Fenwick, Dunlop and Lugton, it is a relatively large town, with a population of over 6,500. The town is situated 5 minutes’ drive west of the M77 motorway, the principal route linking Glasgow with Ayrshire. Stewarton lies approximately 20 minutes’ drive South of Glasgow and is approximately 10 km (6 miles) north of Kilmarnock.

There is a station linking to Glasgow Central and the town and surrounding area is a popular commuter location for workers travelling to Glasgow.

We are advised the premises has a net internal floor area of 511.09 sq m (5,501 sq ft)

The Factory Shop Ltd (Co. No. 4176887), has reported the following figures;

The Original Factory Shop was founded in 1969 and comprises 217 ‘mini’ department stores across the UK, as well as a trading website. The business sells a wide range of branded and own sourced products across fashion, footwear, and household departments at significant discounts to a broad customer base. Stores are most often in market towns and tourist locations where they act as both a shopping destination and the major non-food retailer in the immediate locality. The group has continued its store opening program, with 4 new stores opened in the latest financial year. The group believes there is potential for at least 400 Original Factory Shop stores throughout the UK. Additionally, the Olympic Programme has continued at pace, aimed at updating the older stores within the portfolio with 78 stores now through the process. A new £34.5m financing deal was agreed by the group in the financial period, which has guaranteed a further £10m of funding. This will allow the business to continue on its growth path and is a sign of the confidence their lending providers have in the future of the business.

For further information please visit www.tofs.com.

1. An opportunity to acquire a heritable retail investment;

2. The investment provides secure income - let to The Factory Shop Limited - Shareholders’ Funds £49.9 million;

3. Guaranteed rental increase in 2019;

4. Attractive unexpired lease term;

5. A purchase at the asking price reflects an attractive net initial yield;

6. The investment provides a purchaser with an attractive lot size.