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Description
INCOME PRODUCING INVESTMENT*** Retail Unit over ground and first floor in in EXCELLENT TRADING POSITION. 5 Year lease producing £16,000 per annum on a FRI Lease. TENANT-Cortex Physiotherapy Ltd.
The property has recently been tenanted by Cortex Physiotherapy Ltd. Lease from: July 2026 5 Year Full repairing and Insuring £16,000 per annum.
The property has been measured to the following - Net Frontage: 29' 9" (9.04m) Grd Floor: (212.00 m²) 2,284 ft2 1st Floor: (42.5 m²) 458 ft² Total: 2,742sq ft
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION ***Producing £16,000 per annum
Prime retail position in Kilmarnock Town Centre with scope for alternative uses, subject to planning. PRIME LOCATION Nearby occupiers include Ramsdens, Savers, WH Smith, Bank of Scotland, Post Office.
INCOME PRODUCING INVESTMENT*** Retail Unit over ground and first floor in in EXCELLENT TRADING POSITION. 5 Year lease producing £16,000 per annum on a FRI Lease. TENANT-Cortex Physiotherapy Ltd. The property has recently been tenanted by Cortex Physiotherapy Ltd. Lease from: July 2026 5 Year Full repairing and Insuring £16,000 per annum. The property has been measured to the following - Net Frontage: 29' 9" (9.04m) Grd Floor: (212.00 m²) 2,284 ft2 1st Floor: (42.5 m²) 458 ft² Total: 2,742sq ft PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION ***Producing £16,000 per annum Prime retail position in Kilmarnock Town Centre with scope for alternative uses, subject to planning. PRIME LOCATION Nearby occupiers include Ramsdens, Savers, WH Smith, Bank of Scotland, Post Office.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 5 Years
Rent: £16,000 per year / £1,333 per month
Yield: 14% (approx)
Tenant: Company
Notes: Let 5 year lease from July 2026 to July 2031 at £16,000 per annum (was £25,000 pa). Sought after healthcare use Physiotherapy….TENANT-Cortex Physiotherapy Ltd Company number…RENT £16,000pa + vat …LEASE 5 Years
Maps & Location
Map Street View SatelliteKing Street is the primary retailing thoroughfare within Kilmarnock Town subject property occupying a prime pitch on the street opposite the Burns Mall and set amongst an array of national retailers including Savers, Bank of Scotland, Specsavers and JD Sports, amongst others. Kilmarnock is the largest town in East Ayrshire, in the west of Scotland, with a population of around 45,000. It sits on the River Irvine, about 20 miles southwest of Glasgow, making it part of the wider west-central Scotland region.
Document Downloads
Pricing Information & Bidding
Opening Bid: £112,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 44King Street, Kilmarnock