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Agent's details

61 -63 King Street

For sale: £215,000.00|1,216 Sq Ft|General Retail, Retail

Property details

FOR SALE£215,000.00
SIZE1,216 Sq Ft
ADDRESS61 -63 King Street, Kilmarnock, KA1 1PT
TYPEGeneral Retail, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON29th June 2023

Description

Key Points

  • Well-fitted unit located on prime section of King Street
  • Let on FRI terms to Cafe Courtyard Ltd
  • Popular cafe with 226 Google Reviews averaging 4.3 Stars
  • Lease expiry in September 2026 subject to a mutual break option in September 2024
  • Passing rent of £20,000 per annum
  • Offers over £215,000 invited = 9.15% NIY
  • Summary

    Attractive Class 3 investment located in the heart of Kilmarnock town centre on prime pitch

    Description

    Well-fitted ground floor café / Class 3 premises.

    The subjects benefit from a large double shopfront with central pedestrian access door with attractive outdoor seating area on pedestrianized shopping street.

    Internally the subjects have been fitted out to a very high standard with kitchen and serving area to the front and space to accommodate approximately 30 covers.

    WC facilities (ambulant and male / female) are found to the rear.

    Location

    Kilmarnock is located within within the East Ayrshire Local Authority Region approximately 24 miles south of Glasgow, 9 miles east of Irvine, 14 miles north of Prestwick and 17 miles north of Ayr

    The town has a population of approximately 45,000 and is the principal retail center for East Ayrshire

    More specifically, the subjects are situated within the heart of Kilmarnock Town Centre on the west side of King Street which is Kilmarnock's main retail street and is near the Burns Mall

    Neighbouring occupiers include Marks & Spencer’s, Card Factory, o2, Bon Marché, Savers.

    Location

    marker
    Location: 61 -63 King Street, Kilmarnock, KA1 1PT

    Kilmarnock (0.3 miles)

    Kilmaurs (2.7 miles)

    Stewarton (5.1 miles)

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