Description
					
	
				
						
						  - Status: Available 
 
					- Type: Commercial
 
						
			 
				
					
						
						
					- Ownership:  Freehold
 
						 
					- Occupation:  Tenanted
 
					
					
			 
				
		 
						
							
				
				
					
						***INCOME PRODUCING COMMERCIAL INVESTMENT*** Mid-terraced  unit within a larger 2 storey commercial development. 143.34sqm (1,542sq ft) over ground and 1st floor FRI lease producing £25,000 pa 
					
						
						The property is held on a FRI lease on the following terms;
Tenant: Cash Generator 
Passing Rent £25,000pa
Term: 26th Oct 2019 - 30th October 202
Rent Review 1st Nov 2024 (outstanding)
					
							
							
						Internally the property is presented in the tenants corporate specifications with commercial carpet tile throughout, suspended acoustic tile ceiling with recessed L.E.D and fluorescent panels.
					
								
						Access to the upper floor is via a single staircase to the rear of the demise with partitions erected  to form staff room, stores and w.c with rear access to a common loading area at ground floor.
					
									
						The property extends to the following new internal floor area; 
Ground: 100.75sqm (1,084sq ft)
1st: 42.59sqm (458sq ft)
Total: 143.34sqm (1,542sq ft)
					
					
					
						***INCOME PRODUCING COMMERCIAL INVESTMENT*** Mid-terraced  unit within a larger 2 storey commercial development. 143.34sqm (1,542sq ft) over ground and 1st floor FRI lease producing £25,000 pa 
The property is held on a FRI lease on the following terms;
Tenant: Cash Generator 
Passing Rent £25,000pa
Term: 26th Oct 2019 - 30th October 202
Rent Review 1st Nov 2024 (outstanding)
Internally the property is presented in the tenants corporate specifications with commercial carpet tile throughout, suspended acoustic tile ceiling with recessed L.E.D and fluorescent panels.
Access to the upper floor is via a single staircase to the rear of the demise with partitions erected  to form staff room, stores and w.c with rear access to a common loading area at ground floor.
The property extends to the following new internal floor area; 
Ground: 100.75sqm (1,084sq ft)
1st: 42.59sqm (458sq ft)
Total: 143.34sqm (1,542sq ft)
					
					
					
						The property is located on the east side of King Street adjacent to its junction with Sandbed Lane, within the pedestrianised precinct in Kilmarnock’s town centre.
Neighbouring occupiers include Boots Pharmacy, Bank of Scotland and WH Smith.
Kilmarnock is the main retail centre for East Ayrshire with a resident population of c. 44,000 persons with a wider catchment in excess of 150,000 persons. Kilmarnock is approx 22 miles from Glasgow and is well serviced by transport links via the M77, rail connections and Glasgow and Prestwick airports within 30 mins drive.
					
					  
				Full Address: 52 King Street, Cash Generator Investment, Kilmarnock, KA1 1NP 
				
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				Tenancy Details
				
					Type of Agreement: Full Repairing & Insuring (FRI)
					
Length: 4 Years
					
Rent: £25,000 per year / £2,083 per month
					
Yield: 16% (approx)
					
Tenant: Company
							
					
Notes: Tenant: Meecsa UK Ltd trading as Cash Generator 
Passing Rent £25,000pa
Term: 26th Oct 2019 - 30th October 2029
Rent Review 1st Nov 2024 (outstanding)
				
			
				
			
				
				
				
				 
					
				
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				SPECIAL Terms of Sale
				
					- 10% Deposit (Minimum £3,000)
 
					
					
						
						
					- 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
 
								
	
	
						
								
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request a copy by email prior to bidding. 
									
							
									
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			  Auction Details
				
					Date & Time: 06 November 2025, 10am-3pm
					
					
Type: Timed Online Auction
						
					
							
					
 	
						
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