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1 Central Avenue, Kilmarnock, KA1 4PS, 1 Shortlees Crescent, Kilmarnock, KA1 4PR

Offers in Excess of
£110,000

£77.41 per sq ft

Business rates & charges may apply

Kirkstone, Glasgow
SIZE AVAILABLE

1,421 sq ft

132 sq m

SECTOR

Cafe for sale

Key features

  • Busy thoroughfare
  • Main road frontage
  • Income of £13,800 pa
  • Offers over £110,000
  • Gross Initial Yield 12.5%
  • VAT free investment

Description

Description
Each unit benefits from glazed frontage and single access door to the front elevation. Internally, the units all have open plan sales areas with storage and staff welfare areas to the rear.

Unit 1a Shortlees operates as a retail unit. Units 2 & 2a benefit from a commercial extraction canopy and is fitted out with the necessary fixtures and fittings required to operate as a cafe. Ample free parking is available to the front of the properties.

Location
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 subjects are located to the south of Shortlees Crescent immediately at its junction with Central Avenue, in the Shortlees area of Kilmarnock. The situation of the subjects benefit from being at the centre of a densely populated residential area. The main arterial road (Ayr Road), which passes through the centre of Kilmarnock takes less than one minutes’ drive to reach. Nearby occupiers include Shortlees Post Office, Cod Father and Kayani News.

Accommodation
1a Shortlees Crescent - 28.08 sq m (302 sq ft)
2 Central Avenue - 72.18 sq m (777 sq ft)
2a Central Avenue - 31.73 sq m (342 sq ft)

Tenancies
Unit 1a Shortlees Crescent is let on a 3 year FRI lease that commenced in August 2024 at a rent of £4,500 per annum. There is a lease break option on the 2nd anniversary of the lease.

Units 2 & 2a Central Avenue are let on a 10 year FRI lease that commenced in July 2025 at a rent of £9,300 per annum.

Tenure
Heritable Interest (Scottish equivalent of English Freehold).

Price
Offers over £110,000 are invited for our clients heritable interest (Scottish equivalent to English Freehold) subject to the lease agreements in place. A purchase at this level would reflect a GIY of 12.5%.

Rateable Values
We refer you to the Scottish Assessors Association website for details.

EPC
Copies of the Energy Performance Certificates (EPC) are available upon request.

VAT
The subjects are not elected for VAT, therefore, VAT is not payable on the purchase price.

What3words
trade.reward.army

Brochures

1 Central Avenue, Kilmarnock, KA1 4PS, 1 Shortlees Crescent, Kilmarnock, KA1 4PR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kilmarnock Station1.8 miles
  • Kilmaurs Station3.7 miles

About Kirkstone, Glasgow

2/3 48 West George Street, Glasgow, G2 1BP

Kirkstone is an independent commercial property practice and was established to offer strategic advice to those that may not be reaping maximum returns from their commercial property interests.

We advise and act for clients across a variety of market sectors throughout the entire commercial property ownership and involvement process from initial acquisition to asset management including lettings, rent reviews, lease renewals and ultimate asset disposal.

Our firm is regulated by The Royal Institution of Chartered Surveyors which means we adhere to the highest competence related standards of service when it comes to ethical conduct, confidence, transparency and consumer protection.

Notes

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Disclaimer - Property reference 272011-1. 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, 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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