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57 Titchfield Street, Kilmarnock, Ayrshire, KA1 1QS

£60,000

£146.34 per sq ft

Business rates & charges may apply

Kirkstone Property Consultancy, Glasgow
SIZE AVAILABLE

410 sq ft

38 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops, A2 Financial and Professional Services and B1 Business

A1, A2, B1

Key features

  • Main road frontage
  • Town Centre location
  • Busy thoroughfare
  • VAT free investment
  • Net Initial Yield 10.4%

Description

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%.

Brochures

57 Titchfield Street, Kilmarnock, Ayrshire, KA1 1QS

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kilmarnock Station0.4 miles
  • Kilmaurs Station2.5 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 577TitchfieldStreetKilmarnock. 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 Kirkstone Property Consultancy, 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.

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