The Elite Ayrshire Business Circle

Thursday, 25 August 2016

CKD Galbraith offers for sale a handsome country house in a sought after location

Leading independent Scottish property consultancy CKD Galbraith is offering for sale Craigmarloch House, a beautiful country house built around 1840 and located just half a mile from the picturesque village of Kilmacolm in Renfrewshire. The village lies just under 20 miles from Glasgow city centre on the north side of the Gryffe Valley, and is well known for its high-value properties and excellent independent schooling.


The property overlooks its own grounds of about 7½ acres, offering privacy and seclusion as well as excellent grazing for equestrian or agricultural purposes. Much of the original character and charm of the house has been retained, including the wide timber doors and ironmongery, beamed ceiling in the kitchen and stone fireplaces. 

The entrance is approached by shallow stone steps, sheltered by an open porch.


The reception hall is spacious enough to be used as a living or dining room – especially with the log burning stove roaring. 


The formal living room is lovely and has a polished hardwood floor and duel aspect windows. 


The kitchen is also worthy of note. Traditional “butler’s pantry” style units are complemented by granite worktops and a racing green Aga. The utility room is located off the kitchen. A downstairs bedroom and bathroom complete the ground floor accommodation. Three further bedrooms are located on the first floor. 

The master bedroom has a large ensuite bathroom and there is a separate shower room. 


A first floor sitting room could easily be adapted to a further bedroom if required.


The gardens of Craigmarloch House are awash with seasonal colour. A level lawn is sheltered and screened by an area of mature woodland and beyond the woodland lies a well fenced paddock of about 5½ acres. The outbuildings are mainly adjoining the house including a large double garage and stabling for two horses.

Offers Over £475,000 are being sought. PDF available on www.ckdgalbraith.co

CKD Galbraith 
7 Killoch Place 
Ayr KA7 2EA 
Ayrshire, Scotland 

Contact: R A Cherry BSc MRICS 
Tel: 01292 268181 
Fax: 01292 292300 

About CKD Galbraith

CKD Galbraith is an independent property consultancy employing 225 staff in offices across Scotland - including Edinburgh, Stirling, Perthshire, Cupar, Inverness, Castle Douglas, Ayr, Elgin, Galashiels, Kelso, and Aberdeen, offering local knowledge, national expertise and enjoying international reach.

The firm is Scotland’s largest and leading rural consultancy managing and providing advice on farm, forestry, land and estate interests on over three million acres.  CKD Galbraith provides the full range of property consulting services across the residential, commercial, rural and renewable energy sectors throughout Scotland and northern England. The partnership also enjoys a successful relationship with its associate firm CKD Kennedy Macpherson.

To find out more about CKD Galbraith visit www.ckdgalbraith.co.uk

CKD Galbraith’s Ayr Office is a Founder Member of the Elite Ayrshire Business Circle.

Sunday, 14 August 2016

Tarbolton Community Campus reaches first major milestone

Construction work on the new Tarbolton Community Campus has reached its first major milestone. The steel frame for the new South Ayrshire Council project is now complete, with the project on course to be completed on time and on budget.



[Pictured: Artist's impression of how the 
Tarbolton Community Campus will look.]

The £8.2m project will provide places for 297 primary children and 40 early years children, with sports, leisure, library facilities, and meeting rooms all being provided under one roof, to be used as shared facilities for the whole community. The project includes a new multi-use games area which has already been completed and will shortly be available for community use.

The flexible design of the campus will allow education and community use of the building to be offered at the same time, maximising access to this valuable resource.

The front of the new campus will be extensively landscaped to provide car parking and to ensure the campus is accessible from all parts of the village.

Since the project got underway in March the main contractor, Morrison Construction, has been working to complete the steel frame, with work now focusing on developing the building’s exterior.

Councillor Margaret Toner, South Ayrshire Council’s Lifelong Learning Portfolio Holder, said the project was making good progress. “In the space of just a few months the project has been transformed from a blueprint design to a recognisable building.

“This investment will have a significant impact on this rural community, with the campus providing modern educational facilities for generations of children, as well as providing a valuable local focal point.

“Across South Ayrshire 110 million is being invested over a five-year period, something that will leave a positive legacy for thousands of people.”

The new building is set to open in early 2017.

South Ayrshire Council is a Founder Member of the Elite Ayrshire Business Circle.


Friday, 12 August 2016

House price growth eases in Scotland while demand and sales fall

House price growth in Scotland continued to slow during July, while key indicators covering price expectations, buyer enquiries, agreed sales and new instructions all remained negative, according to the latest RICS UK Residential Market Survey.   


The Scottish house price measure remained in positive territory, albeit marginally, with just 8% more respondents reporting a rise rather than fall in prices. Slowing house price growth is evident across most UK, with the London price indicator remains more downbeat (net balance of -33%) which is broadly consistent with an outright drop in prices in the capital. As price growth slows for now, near term price expectations across the UK were negative for the third month in succession with 12% more respondents predicting a decline in house prices over the next three months. 

As activity falters, interest from new buyers in Scotland also continues to wane, with the results showing a third consecutive month of falling demand (net balance of -18%).    

Lack of stock in the Scottish housing market continues to cause ripples, with new instructions falling again in the month of July.  14% more respondents to the survey have seen a fall in new instructions and supply is at or around record lows in most parts of the UK.  In line with the dip in demand and the worsening supply position, sales declined sharply. Throughout Scotland, 11% more respondents reported a fall in transactions. This reflects a continuation of a trend that started back in April following the implementation of the tax surcharge on investment purchases. Anecdotal reports provided by contributors to the survey suggest both the tax change and the ongoing fall-out from the EU referendum are contributing to the current mood in the market. 

Greg Davidson MRICS, Graham + Sibbald, commented: “Political uncertainty has had an impact, but initial feedback suggests this is maybe short term for the majority of the mainstream domestic market. Scotland’s prime markets may have a slower recovery, but these still offer good value for money.” 

Significantly looking a little further out, key RICS indicators for the UK are up in July from June and show both sales and price expectations at the twelve month time horizon returning to positive territory, albeit relatively modestly so, and well down on the numbers recorded through 2015 and the early part of this year.  

RICS chief economist Simon Rubinsohn commented: “The housing market is currently balancing a raft of somewhat mixed economic news alongside the latest policy measures announced by the Bank of England, which have already begun to lower cost of mortgage finance. Against this backdrop, it is not altogether surprising that near term activity measures remain relatively flat. However the rebound in the key twelve month indicators in the July survey suggest that confidence remains more resilient than might have been anticipated. 

“Critically, it is hard to escape the stark message regarding supply that is evident in the latest set of results with RICS data showing inventories on agents’ books around historic lows on average. This is a long running story that may have been exacerbated by recent events, but clearly needs urgent action from the Scottish Government.” 


Monday, 8 August 2016

New school extension will transform education for children in Troon

Education for children at Troon Primary School will be transformed after work is completed on a significant new extension. The South Ayrshire Council project to replace the old dining hall with a new multi-use wing will dramatically improve facilities for the local community.


[Pictured: Artist’s impression of how the new 
Troon Primary School extension will look.]

The £1.97m project involves the demolition of the existing stand-alone dining hall; construction of a double height assembly / gym hall / dining hall; a single-storey building housing changing facilities, and kitchen; improved accessibility including a new lift. Internal alterations are also required to allow the new accommodation to connect to the existing building, alongside the relocation and enlargement of the infant toilet accommodation.

The main contractor for the project will be Prestwick-based Ashleigh (Scotland). The project will be managed by the Council’s Professional Design Service. 

In the next five years £110m is being invested in schools across South Ayrshire. Of this £110m investment, £85m is from South Ayrshire, with £25m of additional funding secured from the Scottish Government.

Councillor Margaret Toner, Lifelong Learning Portfolio Holder said the project will make a significant difference. “This major new addition to Troon Primary School will deliver real benefits to generations of children in the local community.

“While the work will continue during term time we’ve planned temporary catering arrangements for the next school year which will minimise disruption on day-to-day activity.

“Once completed this striking new extension will significantly enhance available facilities and I’m sure people will be impressed with the building once they see it for themselves.”

Construction work is due to start on site on 8 August 2016 and will take 45 weeks to complete. The school will remain operational during term times and temporary dining arrangements have been formed within the existing school.

South Ayrshire Council is a Founder Member of the Elite Ayrshire Business Circle.


Thursday, 4 August 2016

QTS Ladies Night on Saturday at Ayr Racecourse

By Iain Ferguson

AYR’S most glamourous night of the year takes place on Saturday when QTS  Ladies Night is staged at Ayr Racecourse. 


A crowd of 6,000 is expected with seven races, two fashion shows hosted by West FM’s Colin McArdle and fantastic after racing entertainment from world famous DJ Trevor Nelson and top live band Empire. 

Spotters will be out and about to pick the best dressed ladies who will then take part in a series of heats on the Catwalk during the evening where a guest panel of judges will select the girls who will win a coin and a place in William Hill Ladies Day final on September 16. 


There will be up to 25 ladies in the final and each will draw the name of a horse running in the William Hill Ayr Bronze Cup that afternoon and there will be money can’t buy prizes for the girls who draw first, second and third placed horses. 

And this year’s first prize is a fabulous four--night holiday for two courtesy of Stewart Travel and Jet 2 Holidays to New York flying from Glasgow on November 24 staying in a four star hotel plus £1000 of Ayr Central Shopping Vouchers with a personal style consultation and shopping experience plus £1000 worth of Coast Clinic Ayr treatments. 

There’s also fantastic runners up and third placed prizes.  

Tickets can be booked online at www.ayr-racecourse.co.uk or by calling 01292 264179 and discounts are available up until seven days before the event. 

For further information please contact Iain Ferguson on 01292 294972 or 07795 565691.

Ayr Racecourse and the associated Western House Hotel are Founder Members of the Elite Ayrshire Business Circle.


Wednesday, 3 August 2016

Local activity drives Ayrshire property sales

Local buyers are proving key to successful sales and a significant increase in activity across the property market in Ayrshire.


[Pictured: Bob Cherry, head of residential 
sales at CKD Galbraith’s Ayr office.]

CKD Galbraith, Scotland’s leading property consultancy is reporting an increase in sales activity and a surge in prospective buyers registering with their Ayr office.

During the second quarter of 2016 (April – June) CKD Galbraith in Ayr experienced a 9% increase in the volume of sales compared to the same quarter of 2015 and a 25% increase in prospective buyers noting interest this quarter in comparison to the first three months of this year. 

There was also a significant rise in the number of viewings conducted by the residential team in Ayr with viewing figures for the quarter more than double that reported over the first quarter of 2016. Furthermore, the number of properties brought to the Ayrshire market through CKD Galbraith increased by 29% compared to the first quarter.

Bob Cherry, head of residential sales at CKD Galbraith’s Ayr office, said: “Property sales and buyer activity has been steadily growing throughout the second quarter and this has predominantly been driven by local buyers. 92% of sales from April to the end of June were completed by local buyers either up-sizing or relocating to rural properties which offer good value for money.

“We have been greatly encouraged by the level of activity in the market, especially the surge in viewings and prospective buyers looking to purchase in Ayrshire and expect these levels to convert into sales and competitive offers throughout the rest of the summer months.”

The Ayrshire lettings market has also experienced a healthy second quarter according to Marjory Douglas of CKD Galbraith’s Ayr lettings team, who commented: “Demand for properties in good condition to let remains very high across the whole of Scotland, with the Ayrshire lettings market in particular continuing to experience strong competition between prospective tenants where demand still outstrips supply of rental homes.

“Our team in Ayr successfully let 33% more properties this quarter than the previous three months of 2016, whilst property viewings rose by 54% compared to the same quarter of 2015.”

CKD Galbraith operates a network of regional offices located throughout the country and figures for the firm as a whole during the second quarter of 2016 demonstrate the resilience of the Scottish market and appeal to buyers from across the UK, despite the uncertainty of Brexit.

The firm has reported a 17% increase in the volume of sales achieved compared to the same period last year, with national buyers accounting for 41% of total sales, reflecting Scotland’s lifestyle appeal and more affordable property prices.

CKD Galbraith 
7 Killoch Place 
Ayr KA7 2EA 
Ayrshire, Scotland 

Contact: R A Cherry BSc MRICS 
Tel: 01292 268181 
Fax: 01292 292300 

About CKD Galbraith

CKD Galbraith is an independent property consultancy employing 225 staff in offices across Scotland - including Edinburgh, Stirling, Perthshire, Cupar, Inverness, Castle Douglas, Ayr, Elgin, Galashiels, Kelso, and Aberdeen, offering local knowledge, national expertise and enjoying international reach.

The firm is Scotland’s largest and leading rural consultancy managing and providing advice on farm, forestry, land and estate interests on over three million acres.  CKD Galbraith provides the full range of property consulting services across the residential, commercial, rural and renewable energy sectors throughout Scotland and northern England. The partnership also enjoys a successful relationship with its associate firm CKD Kennedy Macpherson.

To find out more about CKD Galbraith visit www.ckdgalbraith.co.uk

CKD Galbraith’s Ayr Office is a Founder Member of the Elite Ayrshire Business Circle.


Tuesday, 26 July 2016

Trainer Ruth Carr at the double at Ayr Racecourse

By: Iain Ferguson 

TRAINER Ruth Carr was in double winning form at Ayr Racecourse yesterday, saddling Vallarta to win the William Hill In The App Store Handicap followed by Victoire De Lyphar in the feature race of the day, the William Hill Dowload The App Handicap. 

Both horses were ridden by Jimmy Sullivan, who had to be at his strongest on Vallarta, who just held on by a short to beat Invoke. The horse is owned by St Andrews businessman Douglas Renton. 

Victoire de Lyphar held off Moonlightnavigator, who has now finished second on the last three Mondays at Ayr. 

Linda Perratt, who trains at Jackton near East Kilbride, was successful with Dark  Crystal, who last week became her first winner of the season, and followed up with a comfortable length and a quarter win from Charava in the William Hill Daily Racing Podcast Handicap over seven furlongs. 


Keith Dalgleish continued his fine season when Sattelac (pictured left above), ridden by Phillip Makin, got up by a nose to beat Sakhalin Star in the one mile two furlong handicap. That was Keith’s 46th winner of the year. 

For further information please contact Iain Ferguson on 01292 294972 or 07795 565691. 

Ayr Racecourse and the associated Western House Hotel are Founder Members of the Elite Ayrshire Business Circle.


Brexit adversely impacting Scottish commercial property investment

The Scottish commercial property market has seen a significant drop in confidence and investor demand following the Brexit vote, according to the Q2 2016 RICS UK Commercial Property Market Survey.  Both the investment and occupier sides of the market have been affected by the change in sentiment and both rent and capital value expectations are now in negative territory.  


Although opinions are mixed, the largest share of respondents across the UK (36%) feels the market is now in the early stages of a downturn. All parts of the UK saw an increase in the proportion of contributors sensing the market is turning down. London exhibits the highest proportion, with 54% of respondents taking this view. 

During Q2 2016, investment enquiries fell sharply across Scotland with a net balance of 40% of respondents reporting a decline in enquiries. All sectors covered by the survey suffered a drop in investor demand, and foreign investor appetite in Scottish commercial property also declined at significant rate with 24% more respondents to the survey seeing a drop in interest.  

With investment demand falling right across the UK, capital values are expected to decline, albeit moderately over the year ahead in almost all areas of the market.  Values in the secondary retail and office segments are expected to see the most visible decline. 

Political and economic uncertainty is also hitting confidence on the occupier side of the market. In Scotland, occupier demand dropped for the first time since Q3 2014. A cautious demand backdrop is producing significantly weaker rental projections across the board. This is especially the case over the shorter term with 31% more respondents now expecting commercial rents in Scotland to decline over the coming quarter. This stands in stark contrast to Q1, when 17% more respondents anticipated rents would increase in the near term.    

The office and retail sectors experienced the steepest decline in rental projections with the reading for both now well in negative territory. Across the UK, rent expectations are most negative in London, pointing to a fall of around 3% over the next 12 months at the headline level. Secondary retail rents are expected to suffer the largest decline in the capital. 

RICS senior economist Jeff Matsu commented: “Political and economic uncertainty in the aftermath of the referendum result has clearly dampened sentiment in the commercial property market, with the tone becoming visibly more cautious right across the UK. Although the impact is widespread, the drop in confidence has been most pronounced in Scotland and London.  

“Nevertheless, following several years of strong capital value and rental gains, momentum had already appeared to be slowing. Whether or not the sharp deterioration in the RICS survey data is a kneejerk reaction that will unwind as the result is digested, or the start of a more prolonged downturn, remains to be seen.” ? 

RICS head of UK policy Jeremy Blackburn commented: “Our commercial market survey shows clearly the impact that uncertainty is having on investment and occupier decisions. ??In laying out what we will negotiate for, there is a need for clarity for the ability of financial services to do business in the UK which will affect demand for office space, especially in the City of London. Similarly access to the single market or potential tariff barriers will be key in the longer term for some industrial occupiers and exporters. And immigration plans could well affect the future supply of new commercial space onto the market through construction starts. 
“Ministers need to lay out a clear timeline and set of ambitions for negotiating Brexit and our future trade relationships. First Ministers in the devolved nations must play their part in providing reassurance for property markets.”

Posted by the Elite Ayrshire Business Circle.


Thursday, 21 July 2016

New Dailly Primary School taking shape with steel frame now complete

Plans to build a new Primary School for Dailly are taking shape with the outline of the building now clear to see. The steel frame for the new South Ayrshire Council building is now complete as contractors continue to make good progress on the project.


The £3.8 million project will deliver a replacement school with educational facilities over two levels. The new primary will replace the existing three buildings with a single facility that will support a school capacity of 100 pupils.


[Pictured: Artist’s impression of how the 
new Dailly Primary School will look.]

Demolition of the original school building took place earlier this year with construction getting underway on 11 April.  Since then, the main contractor, Morrison Construction, has been working to complete the steel frame, with the building set to open in early 2017.

Councillor Margaret Toner, South Ayrshire Council’s Lifelong Learning Portfolio Holder, said the project was making good progress. “It’s amazing what can be achieved in a short space of time and after just three months you can physically see the building take shape.

“This new project will help to transform education for generations to come while also providing a valuable community resource that I’m confident will quickly become a local focal point.

“I’m pleased to say the project, which complements our wider investment in South Ayrshire’s our education portfolio, remains on course to open next year.”

The school has also been designed to accommodate 30 children in an integrated nursery, something that will allow pre-school and ante pre-school children to attend in a single session.

South Ayrshire Council is a Founder Member of the Elite Ayrshire Business Circle.


Double boost for William Hill Ayr Gold Cup Festival at Ayr Racecourse

By: Iain Ferguson

SCOTLAND’S richest flat racing meeting the William Hill Ayr Gold Cup Festival, run at Ayr Racecourse from 15-17 September, received a double boost this week with two major improvements to the three-day extravaganza.


[Pictured: The 2015 William Hill Ayr Gold Cup winner Don’t Touch.]

The first of these is a huge cash injection for the principal race the William Hill Ayr Gold Cup which will boast £200,000 in prize-money (up from £180,000) which makes it the richest flat race ever run in Scotland.

And secondly, the £65,000 William Hill Doonside Cup, a Class 1 Listed Race, will move from the Saturday to the Thursday, becoming the feature race that afternoon and greatly enhancing the racing product on the Festival’s opening day and also meaning there will be a Class 1 contest on each of the three days of the Festival.

The six furlong William Hill Ayr Gold Cup is in the top two sprint handicaps in Europe. Every year the standard of horse competing has risen, and last year’s winner Don’t Touch has since won a Listed race and competed at Group level.

The William Hill Doonside Cup, run over one mile two furlongs, has been won in the past by outstanding horses such as Legerra, Island House and Anna Pavlova and is widely regarded as one of the best middle distance races in Scotland.


[Pictured: Scottish wins the 2015 William Hill Doonside Cup.]

Announcing the changes Ayr Racecourse managing director David Brown said: “The class of horse running in the William Hill Ayr Gold Cup keeps on improving, and by increasing the prize-money to £200,000 we are hoping to attract even better horses, many of whom will make the step up to Group class.

“The Doonside Cup is a race that is rich in history and one that is supported by some of the most prestigious owners and trainers in the country.

“By switching it to the opening day we feel it can be showcased in a more positive way and the Thursday of the William Hill Ayr Gold Cup Festival will be very much Doonside Cup day. It spreads the riches and means we have Listed races on the Thursday and Friday of the Festival and Scotland’s only Group race – the William Hill Firth Of Clyde Stakes on Saturday alongside the Ayr Gold Cup.”

To accommodate the moving of the Doonside Cup, the William Hill Kilkerran Cup a Class 2 handicap over one mile two furlongs will now be run on the Saturday.

In total there will be £680,000 in prize-money across the three days.

For more information, visit the dedicated William Hill Ayr Gold Cup Festival website at www.ayrgoldcup.co.uk 

For further information, please contact Iain Ferguson on 01292 294972 or 07795 565691.

Ayr Racecourse and the associated Western House Hotel are Founder Members of the Elite Ayrshire Business Circle.


Thursday, 14 July 2016

Brexit uncertainty hits activity in the Scottish housing market

Uncertainty fuelled by the EU Referendum, coupled with the higher stamp duty now in place on investment property purchases, has resulted in a marked drop in activity in the Scottish housing market, according to the RICS UK Residential Market Survey, June 2016.


New buyer enquiries declined significantly across Scotland during June, with 21% more chartered surveyors reporting a fall in interest – this sharpest decline since 2012. The drop in demand was witnessed right across the UK, with the south of England the hardest hit. Anecdotal evidence suggests both the EU referendum result and the tax changes are having an impact on sentiment.

In June, there was also a further fall in the supply of properties coming on to the Scottish housing market, highlighting the continued challenge presented by the lack of stock.  Throughout the UK, 45% more chartered surveyors saw a fall in new instructions in June, following a net balance of -31% in May.  This is the steepest fall on record.

The market has also seen a further decline in sales with a second successive monthly drop in activity across Scotland.  Contributors expect this trend to continue with 9% more respondents anticipating a further drop in sales across the Scotland over the next three months; this is the first time the sales expectations series for Scotland has turned negative since January 2013.

Looking further ahead, sales are now projected to fall over the next 12 months across UK. Indeed, 12% more contributors expect transactions to fall rather than rise, the weakest reading over the past four years.

Although Scottish house prices continue to rise for the time being, short term expectations have turned downbeat, with a net balance of 23% more respondents predicting a drop in house prices over the next three months.

The picture for near term price expectations are now in negative territory across the whole of the UK, with 27% more respondents expecting to see prices fall rather than rise over the next three months. Rent expectations over the same time horizon remain more resilient and are still broadly consistent with an increase of just over 20%.

RICS chief economist Simon Rubinsohn commented: “Big events such as elections typically do unsettle markets so it is no surprise that the EU referendum has been associated with a downturn in activity. However, eve n without the build up to the vote and subsequent decision in favour of Brexit, it is likely that the housing numbers would have slowed during the second quarter of the year following the rush in many parts of the country from buy to let investors to secure purchases ahead of the tax changes.

RICS data does suggest that the softer tone to the market will persist over the coming months but the critical influence looking further is how the economy performs in the wake of the uncertainty trigger by the vote to leave. Respondents to the survey are understandably cautious but with interest rates heading lower and sterling significantly so, it remains to be seen whether the concerns about a possible stalling in both corporate investment and recruitment are justified’’

Eric Curran FRICS from DM Hall LLP Glasgow commented: “Uncertainty, confusion and confidence issues have increased on the back of Brexit but there still remains a limited supply of property in many locations. Brexit may prevent overheating of the more desirable locations.”