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Former Cannon Cinema complex - Extensive commercial premises in central Kilmarnock area. Requires Full Renovation. PRICE REDUCED FOR FAST AUCTION SALE *** Title number: AYR24552 *** Freehold Commercial Sale
- Reduced Price as Sale as per instructions of Asset Management company - Considerable vehicle traffic along nearby Titchfield Street. Nil rates payable on unit - Vacant Possession. VAT FREE INVESTMENT
- Large two storey unit located in the heart of Kilmarnock on a busy thoroughfare at the start of the main shopping hub of this historic Ayrshire market town. Kilmarnock is a large burgh with a population of 46,350, making it the 15th most populated place in Scotland and the second largest town in Ayrshire
- Other occupiers in very close vicinity are William Hill, Subway, Barrhead Travel, TSB and The Money Shop. Property requires refurbishment throughout - Former Cinema premises over two floors (Cannon). Kilmarnock is the administrative centre and largest town of East Ayrshire
- The East Ayrshire town of Kilmarnock is located approx. 22 miles south west of Glasgow, 13 miles north east of Ayr and 7 miles east of Irvine. The area is connected by the A71 and A77/M77 trunk roads
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Full Details:Large two storey unit located in the heart of Kilmarnock on a busy thoroughfare at the start of the main shopping hub of this historic Ayrshire market town. Commercial premises in central Kilmarnock area Former cinema premises. Requires full renovation. Partially refurbished internally and internal works started. Title number: AYR24552 - PRICED FOR FAST AUCTION SALE *** IDEAL RENTAL OPPORTUNITY sold on FREEHOLD SALE BASIS --- Ideal asset management opportunity to create 15%+ per annum rental yield - £25-000-£30,000 (post works) *** Reduced Price as Sale as per instructions of asset management company *** Considerable car traffic travelling along nearby Titchfield Street. Nil rates payable on unit - Vacant Possession - VAT FREE PURCHASE
What is a Guide Price...Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Offer Now Explained...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.
Map & Location:
Other occupiers in very close vicinity are William Hill, Subway, Barrhead Travel, TSB and The Money Shop. Property requires refurbishment throughout - Former Cinema premises over two floors (Cannon Cinema Complex). The East Ayrshire town of Kilmarnock is located approximately 22 miles south west of Glasgow, 13 miles north east of Ayr and 7 miles east of Irvine. The area is connected by the A71 and A77/M77 trunk roads. With a population of 50,000 persons, Kilmarnock is the second largest town within Ayrshire. The town benefits from excellent road, rail and bus communications to Glasgow city centre. Kilmarnock is the administrative centre and largest town of East Ayrshire
Internal Open Viewings...
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime...
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
04 February 2020
301 Argyle Street, G2 8DL
Registration...You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.
Legal Packs...All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.
Deposits...If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:
Deposit Method...Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.
How To Bid:
Offer Now...You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person...Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live...If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Download the Telephone Bidders Form
Bid by Proxy... (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...