Vacant Commercial Property LOT 131

2 Fowlds Street, Kilmarnock, KA1 3DG
GUIDE PRICE

Deadline for Offers

05 March 2021, 4pm

Bidding Closes in

Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 2 Fowlds Street, Kilmarnock, KA1 3DG

Prime opportunity to purchase a 36,759 sq ft commercial unit within Kilmarnock Town Centre. Rental Potential £200,000 Per Annum. FANTASTIC 22% Yield at current guide price. PREVIOUSLY SOLD FOR £2m. PLANNING PERMISSION GRANTED. Sure to Appeal To Developers and Investors.

The main sales area being located on the ground floor which is open plan. The rear area is utilised for loading, cleaners cupboard along with twin elevators to the first floor.

The first floor comprises of office suites, Comms room, staff facilities and training suites. Service area is accessed from the rear on Princes Street. VAST POTENTIAL WITH NEW PERMISSIONS GRANTED. Potential for over £120,000 rent per annum.

Nearby occupiers include, Boots, Carphone Warehouse, Burtons, Game Station and First choice travel agents. Ideally Located within the Heart of Kilmarnocks' Pedestrianised Town Centre.

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

Prime opportunity to purchase a 36,759 sq ft commercial unit within Kilmarnock Town Centre. Rental Potential £200,000 Per Annum. FANTASTIC 22% Yield at current guide price. PREVIOUSLY SOLD FOR £2m. PLANNING PERMISSION GRANTED. Sure to Appeal To Developers and Investors. Proposed sub division of existing retail unit (class 1) and change of use to form office (class 2), soft play area (class 11), gym (class 11) and restaurant(class 3) including takeaway with installation of new shopfronts and erection of flue to rear. The subjects comprise a substantial 2 storey stand alone commercial development of steel frame construction. Benefitting from a prime position within the town centres aerterial route, the subjects provide a unique opportunity for advertising maximisation. 100% PRIME LOCATION*** Full site extending to approx. 36,759 sq ft. PREVIOUSLY SOLD FOR £2,000,000. The main sales area being located on the ground floor which is open plan with lighting provided by multiple LED strips recessed within the suspended ceiling. The rear area is utilised for loading, cleaners cupboard along with twin elevators to the first floor The first floor was previously used for stock room and back of house staff facilities providing a mixture of open plan and cellular accommodation. Comms room, staff facilities along with training and office suites are situated at first floor. The property benefits from a pay and display car park immediately adjacent to the premises. Service area is accessed from the rear on Princes Street. Accommodation We are advised the approximate floor areas are as follows; Ground Floor Sales Area: 19,065 sq ft Ground Floor Ancillary: 1,044 sq ft First Floor Stock Room: 4,736 sq ft First Floor Offices: 4,520sq ft Total: 36,759 sq ft

The subjects are situated on a prominent position on the north side of Fowlds Street within Kilmarnock’s town centre. Kilmarnock is the largest shopping and commercial centre in East Ayrshire, with a population of approximately 46,000. Located 32 miles to the South East of Glasgow, with excellent transport links along the M77 straight into Glasgow. Ayrshire has a total population of approximately 360,000. Ayrshire and Arran welcome approximately 4.18 million tourists a year with a direct economic impact of over £355 million to the area. Nearby occupiers include Marks and Spencers, Boots, River Island and Iceland.

Show More

Document Downloads

  LEGAL PACK (Pending)

Location

Pricing Information & Bidding

Guide Price: £460,000


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 prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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.

Submit Offer Now

Terms of Sale

  • 5% Deposit
  • 8 Weeks Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 05 March 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

Similar Properties


Lot 415
£97,500 OPENING BID
  • PRIME TOWN CENTRE commercial unit within busy Kilmarnock town centre. Ready Let Investmen...
Lot 56
£146,666 GUIDE PRICE
  • *** HOT FOOD RESTAURANT CONSENT GRANTED *** TRIPLE FRONTED 2,213 SQUARE FEET Former RBS B...
Lot 96
£48,000 GUIDE PRICE
  • Prominent Double fronted COMMERCIAL PREMISES within Ayr town centre. NET AREA: 635 Sq.Ft....