Studio 8, 146 Fowlds Street, Kilmarnock, KA1 3PG
- PROPERTY TYPE
Retail Property (out of town)
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Prime Property Auctions New Entry - Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £7,250 per annum.
- Property is currently operated as a Tattoo parlour. Tenant has been in situ since 2015.
- Sure to appeal to investors looking for a High yielding investment opportunity.
- Large Premises that extends to approximately 69.64 sq m and has a rateable value of £6,800.
- Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.
Description
- Prime Property Auctions New Entry - Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £7,250 per annum.
- Property is currently operated as a Tattoo parlour. Tenant has been in situ since 2015.
- Sure to appeal to investors looking for a High yielding investment opportunity.
- Large Premises that extends to approximately 69.64 sq m and has a rateable value of £6,800.
- Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.
Prime Property Auctions New Entry - Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £7,250 per annum.
Property is offered at a great discount for Auction sale. The property has a Guide price of £65,000 which would provide a rental yield of greater than 11.5%.
Property is tenanted to a Long term tenant it is currently operated as a Tattoo parlour. Tenant has been in situ since 2015 with the current rent set at £7,250.
The property has a potential market rent of up to £8,000 - £9,000 per annum. Should the rent be increased to this level and purchased at the Guide price of £65,000 it would provide a gross rental yield of 12.3% - 13.8%.
Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.
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. The property occupies a prominent corner location at the junction of Fowlds Street and King Street in Kilmarnock Town Centre. 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.
Studio 8, 146 Fowlds Street, Kilmarnock, KA1 3PG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kilmarnock Station0.4 miles
- Kilmaurs Station2.5 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
Notes
Disclaimer - Property reference 200125672. 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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