Budds Bar, 6-7 Burns Statue Arcade, Ayr, Ayrshire
- PROPERTY TYPE
Pub
- SIZE
Ask agent
Key features
- Tenanted Public House
- Outstanding 15.6% rental yield at Guide Price
- Lease extending to 2033
- Strong trade and experienced publican
Description
New to auction is Budds Bar, a trading Public House close to the ever popular Ayr town centre. Well-presented throughout and enjoying strong local trade, the premises extend to approximately 97 sq. metres, and offer well-stocked bar area with small kitchen, open lounge offering pool and darts, and female and male WCs. The property has been tenanted from 2023 with the lease extending to November 2033, with the tenant being an experienced publican. Current rental income is £150 p.w (£7800 p.a ) which represents an outstanding 15.6% rental yield at Guide Price, with rent reviews scheduled in each of 2026, 2028 and 2030. The published rateable value is £7600 which may qualify for relief under the Small Business Bonus Scheme. This would be an ideal addition to an existing commercial portfolio or a fantastic first step onto the commercial investment ladder. Early expression of interest is recommended.
The popular seaside town of Ayr offers a wide range of national and local retail and leisure options, all set within an area rich in history, and enjoys strong demand from locals and tourists alike. The nearby A77 provides excellent transport links to Glasgow and further afield, with local bus and rail links also available.
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Budds Bar, 6-7 Burns Statue Arcade, Ayr, Ayrshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ayr Station0.1 miles
- Newton-on-Ayr Station1.1 miles
- Prestwick Town Station3.0 miles
About Auction House Scotland, Paisley
Auction House Scotland Office 2 Craigs Business Centre Macdowall Street Paisley Renfrewshire PA3 2NBHelping more people to buy and sell by auction
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Notes
Disclaimer - Property reference AGG-29160488. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House Scotland, Paisley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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