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1 Shortlees Crescent, Kilmarnock, KA1 4PR

Offers in Excess of
£85,000

£113.33 per sq ft

Business rates & charges may apply

Kirkstone, Glasgow
SIZE AVAILABLE

750 sq ft

70 sq m

SECTOR

Takeaway for sale

Key features

  • Busy thoroughfare
  • Main road frontage
  • Residential area
  • VAT free investment
  • Net Initial Yield 11.3%

Description

Description
The subjects comprise a single storey hot food takeaway of masonry construction, under a flat roof. The property has a glazed frontage and single access door to the front elevation. Internally, the kitchen benefits from a commercial extraction canopy with extraction flue. Storage and staff welfare areas are provided to the rear. Ample free parking is available to the front of the property.

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.

Tenancy
The property is let on a 10 year FRI lease that commenced in June 2023 at a rent of £9,600 per annum. There are no break options and the rent is subject to an open market rent review on the 5th anniversary.

Tenure
Heritable Interest (Scottish equivalent of English Freehold).

Price
Offers over £85,000 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 £9,600 per annum, a purchase at this level would reflect a net initial yield of 11.3%.

Rateable Value
According to the Scottish Assessors Association, the subjects have a Rateable Value of £5,000 effective from 1st April 2023.

EPC
A copy of the Energy Performance Certificate (EPC) is available upon request.

VAT
The subjects have not been elected for VAT and therefore no VAT will be payable on the sale price.

What3words
trade.reward.army

Brochures

1 Shortlees Crescent, Kilmarnock, KA1 4PR

Open mapStreet View

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

These notes are private, only you can see them.

Disclaimer - Property reference 280017-1. 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.

Map data ©OpenStreetMap contributors.

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