Tenanted Commercial LOT 254

8 Fowlds Street, Kilmarnock, KA1 1PG
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Map & Location

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Description

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

Town Centre Location Ground Floor 750sq ft TJ’s Tattoo Studio. F.R.I Lease Expiry: 22nd January 2025 - Passing Rent: £7,250p.a.

Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £7,250 per annum.

Property is tenanted to a Long term tenant it is currently operated as a Tattoo parlour. Tenant has been in situ since 2015 with the current rent set at £7,250.

Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.

Kilmarnock is located within East Ayrshire approximately 22 miles south west of Glasgow and 13 miles north east of Ayr.

Kilmarnock is located within East Ayrshire approximately 22 miles south west of Glasgow and 13 miles north east of Ayr. The resident population of Kilmarnock is in the region of 45,000. The property occupies a prominent corner location at the junction of Fowlds Street and King Street in Kilmarnock Town Centre. King Street comprises the principal retailing thoroughfare in the town. A one-way system for vehicles operates around the area and channels traffic directly passed the subjects. The surrounding area is dominated by retail accommodation occupied by a mixture of national, multiple and local traders.

Full Address: 8 Fowlds Street, Kilmarnock, KA1 1PG

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2025
Rent: £7,250 per year / £604 per month
Yield: 20% (approx)
Tenant: Company
Notes: TJ’s Tattoo Studio. F.R.I Lease Expiry: 22nd January 2025 - Passing Rent: £7,250p.a.

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Pricing Information & Bidding

Opening Bid: £37,000

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: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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