144 King Street, Kilmarnock, KA1 1PG
- PROPERTY TYPE
Retail Property (out of town)
- BEDROOMS
2
- BATHROOMS
1
- SIZE
916 sq ft
85 sq m
Key features
- Prime Property Auctions New Entry - Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £13,000 per annum
- Property is currently operated as a Hairdressers. Tenant has been in situ since 1990 and expires in 2025.
- Sure to appeal to investors looking for a high yielding investment opportunity.
- Large Premises with a net Internal Area of 85.11 m² (916 ft²) and has a rateable value of £9,400.
- Property is situated in the business district of Kilmarnock.
Description
- Prime Property Auctions New Entry - Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £13,000 per annum.
- Property is currently operated as a Hairdressers. Tenant has been in situ since 1990 and expires in 2025.
- Sure to appeal to investors looking for a high yielding investment opportunity.
- Large Premises with a net Internal Area of 85.11 m² (916 ft²) and has a rateable value of £9,400.
- Property is situated in the business district of Kilmarnock.
Prime Property Auctions New Entry - Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £13,000 per annum.
Property comprises: hairdressing/beautician's salon with staff facilities and male/female toilets to rear.
Large Premises with a net Internal Area of 85.11 m² (916 ft²) and has a rateable value of £9,400.
The property has a Guide price of £125,000 which would provide a rental yield of 10.4%.
Property is tenanted to a long-term tenant that is currently operating the premises as a hairdresser. The Tenant has been in situ since 1990 with the current rent set at £13,000 per annum.
The property has a potential market rent of up to £15,000 - £17,000 per annum. Should the rent be increased to this level and purchased at the Guide price of £125,000 it would provide a gross rental yield of 12% to 13.6%.
Property benefits from good footfall and long-standing trading business. It is sure to appeal to landlords looking for a HIGH yielding commercial investment. Seller will consider early offers.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team on .
Property has an excellent long-standing tenant that has been in the property for over 10 years with all rental payments up to date.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location
Kilmarnock is located within East Ayrshire approximately 22 miles south west of Glasgow and 13 miles north east of Ayr. The resident population of Kilmarnock is in the region of 45,000. King Street comprises the principal retailing thoroughfare in the town. A one-way system for vehicles operates around the area and channels traffic directly passed the subjects. The surrounding area is dominated by retail accommodation occupied by a mixture of national, multiple and local traders.
144 King Street, Kilmarnock, KA1 1PG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kilmarnock Station0.4 miles
- Kilmaurs Station2.5 miles
About the agent
Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.
Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great
Industry affiliations
Notes
Disclaimer - Property reference 203486934. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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