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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

100% PRIME TOWN CENTRE COMMERCIAL INVESTMENT. Ground floor 44.19sqm (475sq ft) Income producing let to William Coffey MSP on a FRI lease at £9,500 pa with 2 years unexpired.

Retail unit forming part of the ground floor of an impressive 2 storey building. Internally the unit is fitted with public office to the front and private office, kitchen, storage and WC to the rear.

TENANTED INVESTMENT OPPORTUNITY*** William Coffey MSP Expiry: 31st May 2026 Passing Rent: £9,500p.a Full repairing and insuring lease.

SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**

Super location in the heart of Kilmarnock's main business district minutes from Kilmarnock train and Bus Station. Neighbouring retailers include JD Sports, Marks & Spencer, Boots, River Island.

100% PRIME TOWN CENTRE COMMERCIAL INVESTMENT. Ground floor 44.19sqm (475sq ft) Income producing let to William Coffey MSP on a FRI lease at £9,500 pa with 2 years unexpired. Retail unit forming part of the ground floor of an impressive 2 storey building. Internally the unit is fitted with public office to the front and private office, kitchen, storage and WC to the rear. TENANTED INVESTMENT OPPORTUNITY*** William Coffey MSP Expiry: 31st May 2026 Passing Rent: £9,500p.a Full repairing and insuring lease. SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** Super location in the heart of Kilmarnock's main business district minutes from Kilmarnock train and Bus Station. Neighbouring retailers include JD Sports, Marks & Spencer, Boots, River Island.

Super location in the heart of Kilmarnock's main business district minutes from Kilmarnock train Station and Bus Station. Close to all of the town's popular bars, restaurants and attractions with major neighbouring retailers including JD Sports, Marks and Spencer, Boots, River Island and TK Maxx as well as a number of excellent local retailers and boutiques. Kilmarnock has a population of approx. 50,000 and is located within East Ayrshire approximately 22 miles south of Glasgow, 13 miles north of Ayr and 7 miles east of Irvine connected by the A71 and A77 to M77 trunk roads. Kilmarnock has seen the fastest increase in house prices in Scotland since 2020 following major regeneration and re-development locally.

Full Address: 62 John Finnie Street, Kilmarnock, KA1 1BS

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2 Years
Rent: £9,500 per year / £792 per month
Yield: 16% (approx)
Tenant: Company
Notes: TENANTED INVESTMENT OPPORTUNITY*** William Coffey MSP Expiry: 31st May 2026 Passing Rent: £9,500p.a Full repairing and insuring lease.

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Pricing Information & Bidding

Opening Bid: £60,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 05 December 2024, 10am-3pm
Type: Timed Online Auction

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