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Description

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

1,100 SQ FT Well Established Salon Ground Floor Premises in Town Centre Location. Held on F.R.I Lease Rent: £13,000p.a until at least August 2025. Beautifully Presented. Dedicated Parking. VAT FREE

The property is held on a full repairing and insuring head lease on the following terms: Tenant: Personal Name t/a Lesley James Hairdressing - Passing Rent £13,000pa - Expiry: 3rd August 2025.

The property is situated on the east side of King Street close to its junction with Fowlds Street and Titchfield street on a highly visible position through Kilmarnock’s town centre.

Kilmarnock is the main retail centre for East Ayrshire with a resident population of c. 44,000persons with a wider catchment in excess of 150,000persons.

The property forms the ground floor of a larger 2 storey commercial development offering multiple display windows with partially recessed entrance door at street level.

The property forms the ground floor of a larger 2 storey commercial development offering multiple display windows with partially recessed entrance door at street level. Internally the property is presented in excellent condition as a salon and training academy. Floors are overlaid on laminated timber with lighting provided by way of recessed spots within the plastered ceiling. Partitions have been erected to form training rooms, w.c facilities & staff room. The property also benefits from a car parking space to the rear of the demise. The property is held on a full repairing and insuring head lease on the following terms: Tenant: Personal Name t/a Lesley James Hairdressing Passing Rent £13,000pa Expiry: 3rd August 2025 The property benefits from rates exemption under the small business bonus scheme having been entered onto the valuation roll with the following rateable value: £9,400 The property extends to the following internal area 102.2sqm (1,100sqft) VAT FREE

The property is situated on the east side of King Street close to its junction with Fowlds Street and Titchfield street on a highly visible position through Kilmarnock’s town centre. Kilmarnock is the main retail centre for East Ayrshire with a resident population of c. 44,000persons with a wider catchment in excess of 150,000persons. Kilmarnock is approx 22 miles from Glasgow and is well serviced by transport links via the M77, rail connections and Glasgow and Prestwick airports within 30mins. Neighbouring occupiers include Italo, Kilmarnock Sheriff Court, The Granary Pub and VPZ.

Full Address: 142-144 King Street, Kilmarnock, KA1 1PG

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Long Term
Rent: £13,000 per year / £1,083 per month
Yield: 19% (approx)
Tenant: Private Individual
Notes: The property is held on a full repairing and insuring head lease on the following terms: Tenant: Personal Name t/a Lesley James Hairdressing - Passing Rent £13,000pa - Expiry: 3rd August 2025.

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Pricing Information & Bidding

Opening Bid: £68,000

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 £2,750 for on time settlement

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

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Auction Details

Date & Time: 17 April 2025, 10am-3pm
Type: Timed Online Auction

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