Development opportunity

Excellent opportunity to acquire a development site in Ayr town centre, with plans passed for the two upper floors to be converted to six one bedroom flats. The property is a three storey building built of a traditional sandstone construction, with a vacant retail unit on the ground floor, and two upper floors with plans passed for development. The vacant retail unit on the ground floor has twin full height windows and double door access from the High Street, and there is a basement accessed via stairs to the rear. This vacant retail unit in a prominent High Street location in a busy town centre can be leased to bring revenue to the buyer. The two upper floors are accessed via the stairs to the rear, with plans proposing access to the stairs directly from Kirk Port to the side and rear of the block. There are plans for three one bedroom flats on the first floor, and three one bedroom flats on the second floor, each comprising open plan lounge/kitchen, bedroom, storage and shower room. 116 and 118 High Street is category B listed, and 120 and 122 High Street is category C listed. Plans were passed for the proposed development by South Ayrshire council February 2023. Unsafe properties Unsafe properties are evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the building is marketed suggests it is unsuitable for occupation in that condition.

Tenure

Freehold

Area

The property is situated on the east side of High Street, north of its junction with Carrick Street within Ayr town centre. Ayr is a popular coastal market town and is the principle commercial town in Ayrshire benefitting from excellent transport links. All local amenities are within walking distance including the seafront, local bars, shops and restaurants. Transport links include Ayr train station and bus station. For commuters, the A77/M77 road network is very easily accessed.

Local Authority

South Ayrshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.