Tenanted Commercial Property LOT 125

7-11 Titchfield Street, Kilmarnock, KA1 1QW
OPENING BID

Timed Online Auction

29 January 2021, 10am-4pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 7-11 Titchfield Street, Kilmarnock, KA1 1QW

PRIME TOWN CENTRE commercial unit within busy Kilmarnock town centre. Ready Let Investment. ***Currently let on F.R.I lease 14,000 Per Annum*** Unit extends to approx. 4,053 Sq.Ft.

Currently let on F.R.I lease to Hillhouse S.C.I.O at 14,000 Per Annum until 31st July 2024. Break option 1st August 2022.

PRICED FOR FAST AUCTION SALE *** Prominent location with heavy footfall/ passing trade. ***EXCELLENT INVESTMENT OPPORTUNITY***

Approx. Internal area - Ground Floor; 1,990 Sq.Ft. First Floor; 1,907 Sq.Ft. Second Floor; 156 Sq.Ft. Total; 4,053 Sq.Ft.

Nearby occupiers include William Hill, Subway, Barrhead Travel, TSB and The Money Shop. *** 100% PRIME UNIT in popular town centre location***

PRIME TOWN CENTRE commercial unit within busy Kilmarnock town centre. Ready Let Investment. ***Currently let on F.R.I lease 14,000 Per Annum. Large unit set over ground, first and second floor located in the heart of Kilmarnock on a busy thoroughfare of this historic Ayrshire market town. The upper floors can be accessed independently from street level via a staircase. Currently let on F.R.I lease to Hillhouse S.C.I.O at 14,000 Per Annum until 31st July 2024. Break option 1st August 2022. PRICED FOR FAST AUCTION SALE *** Prominent location with heavy footfall/ passing trade. ***EXCELLENT INVESTMENT OPPORTUNITY*** Approx. Internal area - Ground Floor; 1,990 Sq.Ft. First Floor; 1,907 Sq.Ft. Second Floor; 156 Sq.Ft. Total; 4,053 Sq.Ft. Nearby occupiers include William Hill, Subway, Barrhead Travel, TSB and The Money Shop. *** 100% PRIME UNIT in popular town centre location***

Kilmarnock is the administrative centre and largest town of East Ayrshire. Occupiers in very close vicinity include William Hill, Subway, Barrhead Travel, TSB and The Money Shop. 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.

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 31st July 2024
Rent: 14,000 per year / 1,167 per month
Yield: 12% (approx)
Tenant: Company
Notes:

Document Downloads

LEGAL PACK (Available)

Location

Pricing Information & Bidding

Opening Bid: £90,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

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.

Submit Offer Now

Terms of Sale

  • 10% Deposit
  • Standard 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: 29 January 2021, 10am-4pm
Type: Timed Online Auction

View Full Auction Catalogue