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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

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***

Nearby occupiers include Iceland, Barnardos, VPZ and Italio. *** 100% PRIME UNIT in popular town centre location***

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.

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*** Nearby occupiers include Iceland, Barnardos, VPZ and Italio. *** 100% PRIME UNIT in popular town centre location*** 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. 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.

Kilmarnock is the administrative centre and largest town of East Ayrshire. 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.

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

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until July 2024
Rent: £14,000 per year / £1,167 per month
Yield: 11% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Opening Bid: £128,000

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).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £150,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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