Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Thursday, April 20, 2023

Ayr Central Retail Park sold

Acting on behalf of WG Mitchell Limited, Culverwell (0131 2266611) has recently concluded the sale of Central Retail Park, Allison Street, Ayr at a price of 3.55 million, reflecting a net initial yield of 5.94%.

The second phase of the retail park comprises 15,200 sq ft and is let to Pets at Home Limited, DP Realty Limited, Salon Services, Video Drive In Limited and Floors 2 Go plc. Existing occupiers on the park include Lidl and Brantano Footwear.

The multi-let retail investment has a total rental income of 223,154.50 per annum. The purchaser, MRC Pension Trust Limited was represented by Eric Young & Company.