Tenanted Commercial Property LOT 59

128 King Street, Kilmarnock, KA1 1PG
GUIDE PRICE

Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 128 King Street, Kilmarnock, KA1 1PG

Large Commercial Unit located in the Heart of Kilmarnock town centre. Sure to appeal to landlords looking for commercial investment. Currently let at 16,000 per annum.

Property extends to approximately 2,195.84 sq feet ( 203.45 sq m ). The property is set over 2 levels and comprises: Sales area, Staff toilets and stock room/office space

Property has been entered into the valuation roll at 14,697 pa. We would anticipate an achievable rental of 15,000 - 17,500 per annum.

Potential for CLASS 3 HOT FOOD/ TAKE-AWAY + RESTAURANT CONSENT (subject to researching and gaining necessary consents)

Both Kilmarnock Railway Station and Bus Station are located within close proximity. Asset management sale. Early offers considered

Large Commercial Unit located in the Heart of Kilmarnock town centre. Sure to appeal to landlords looking for commercial investment. Property extends to approximately 2,195.84 sq feet ( 203.45 sq m ). The property is set over 2 levels and comprises: Sales area, Staff toilets and stock room/office space. Potential for CLASS 3 HOT FOOD/ TAKE-AWAY + RESTAURANT CONSENT (subject to researching and gaining necessary consents). Open plan retail unit with store. Attractively priced as sale as per instructions of asset management company. Property has been entered into the valuation roll at 14,697 pa. We would anticipate an achievable rental of 15,000 - 17,500 per annum.

Kilmarnock is located approximately 22 miles south west of Glasgow, 13 miles north east of Ayr and 7 miles east of Irvine connected by A71 and A77/M77 trunk roads. King Street is the main retailing thoroughfare in the town centre. Given size likely to appeal to various national and local retailers.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2036
Rent: 16,000 per year / 1,333 per month
Yield: 25% (approx)
Tenant: Private Individual
Notes: Tanvir Nabi Tenant in arrears

Document Downloads

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Location

Pricing Information & Bidding

Guide Price: £65,000


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.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 25 June 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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