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Agent's details

59 Titchfield Street Kilmarnock, KA1 1QS - Retail Unit

For sale: £60,000.00|727 |General Retail, Retail - High Street, Retail - Out of Town, Retail

Property details

FOR SALE£60,000.00
SIZE727
ADDRESS59 Titchfield Street, Kilmarnock, East Ayrshire, KA1 1QS
TYPEGeneral Retail, Retail - High Street, Retail - Out of Town, Retail
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON19th April 2024

Description

Key Features:
• Tenure – Heritable interest (Freehold)
• Premises totals 67.5 sqm / 727 sq ft
• Current rental income of £8,250
• £60,000
• 13.75% GIY
• No Vat

Description:
We are happy to bring to market this commercial unit offered as a heritable interest (Scottish equivalent of a freehold). The unit is tenanted on a FRI lease until 12/06/2026 at a rent of £8,250 per annum. A deposit of £2,062.50 is held. The unit is on the ground floor of a three-story traditional building. there are offices on the upper floors.

The shop has a good frontage on Titchfield Street with large display windows. The door is recessed, and the internal layout is an open space with welfare facilities at the rear.

This shop is also available to be purchased together with No 47, 57 & 65 Titchfield Street at a discounted price of £220,000. This represents a 10% GIY plus a vacant shop.

Location:
Kilmarnock lies southwest of Glasgow. It serves as the administrative centre for East Ayrshire and is the region’s main commercial and industrial centre.

The property itself is in the Kilmarnock town centre with high traffic at most times. Kilmarnock Station is a 15 minute walk away.

Occupiers close by include Home Bargains, McDonalds and the British Heart Foundation shop amongst a variety of local operators and eateries.

Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.

Location

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Location: 59 Titchfield Street, Kilmarnock, East Ayrshire, KA1 1QS

Kilmarnock (0.4 miles)

Kilmaurs (2.9 miles)

Stewarton (5.3 miles)

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