Retail premises for sale

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(£150.54/sq. ft)

Retail premises for sale

Titchfield Street, Kilmarnock KA1

465 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
  • Net Initial Yield 12%

Kilmarnock is situated in East Ayrshire and serves as the main administrative centre of the Council. The town sits approximately 23 miles south west of Glasgow, 15 miles north east of Ayr and can be accessed by the main arterial route of the M77 motorway.

The property is located on the east side of Titchfield Street, close to its junction with Fowlds Street in Kilmarnock town centre. Fowlds Street forms part of the Kilmarnock Ring Road. Titchfield Street is a prominent secondary town centre retailing area which carries a high traffic volume at most times of day with shops occupied by an interesting mix of local traders. Kilmarnock Railway Station is close by.

The subjects comprise a ground floor beauty salon 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 single pedestrian door which leads into the treatment area. The floor is tiled and the walls are of plaster/paint. The ceiling incorporates LED box lighting. A kitchenette and welfare facilities are provided to the rear of the shop.

The subjects provide an approximate net internal floor area of 43.24 sq m (465 sq ft).

The above areas have been calculated on a Net Internal Area basis in compliance with the RICS Code of Measuring Practice (6th edition).

The property is let on a 5 year lease that commenced in October 2020. The passing rent is £7,200 per annum. The lease is subject to a rent review in September 2024. There are no break options.

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 £7,200 per annum, a purchase at this level would reflect a net initial yield of 12%.

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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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