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Unit 2a, 1 Central Avenue, Kilmarnock, KA1 4PT

Offers in Excess of
£40,000

£116.96 per sq ft

Business rates & charges may apply

Kirkstone, Glasgow
SIZE AVAILABLE

342 sq ft

32 sq m

SECTOR

Takeaway for sale

Key features

  • Busy thoroughfare
  • Main road frontage
  • Residential area
  • VAT free investment
  • Net Initial Yield 12%

Description

Description
The subjects comprise a single storey unit of masonry construction, under a flat roof. The property has a glazed frontage and single access door to the front elevation. Internally, the unit benefits from a commercial extraction canopy and is fitted out with the necessary fixtures and fittings required to operate as a cafe. 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 May 2024 at a rent of £4,800 per annum. On the 5th anniversary of the lease there is a lease break option and the rent is subject to an open market rent review.

Tenure
Heritable Interest (Scottish equivalent of English Freehold).

Price
Offers over £40,000 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 £4,800 per annum, a purchase at this level would reflect a net initial yield of 12%.

What3words
trade.reward.army

Brochures

Unit 2a, 1 Central Avenue, Kilmarnock, KA1 4PT

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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