£60,000

Retail premises for sale

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£60,000

(£134.15/sq. ft)

Retail premises for sale

Titchfield Street, Kilmarnock KA1

410 sq. ft

Local area information

Property location

Nearby amenities

  • Loanhead Primary School 0.2 miles
  • Kilmarnock Academy 0.2 miles
  • Kilmarnock 0.4 miles
  • Kilmaurs 2.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Main road frontage
  • Town Centre location
  • Busy thoroughfare
  • VAT free investment
  • No VAT payable
  • Net Initial Yield 10.4%
The subjects comprise a ground floor retail unit within a three storey traditional red sandstone building. The roof is pitched and clad in tile. There are offices on the upper floors.

Externally, the shop has a timber glazed frontage under a non-illuminated fascia board and is accessed via a common recessed single pedestrian door which leads into the sales area. Internally, there is open plan retail space which is “L” shaped and incorporates a small office/room. Welfare facilities are provided to the rear of the shop. The floor is covered in laminate and the walls are of plaster/paint. The ceiling incorporates recessed LED spot lighting. There is no gas supply to the property and space heating is provided electrically.

Tenancy
The property is let on a 3 year lease that commenced in October 2023. The passing rent is £6,250 per annum. There are no break options within the lease.

Offers
Offers over £60,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on a rental income of £6,250 per annum, a purchase at this level would reflect a net initial yield of 10.4%.

Floor plans and tours

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Property descriptions and related information displayed on this page are marketing materials provided by - Kirkstone Property Consultancy. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Kirkstone Property Consultancy for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. East Ayrshire
  4. Ayrshire
  5. Kilmarnock
  6. Titchfield Street

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