12-14 High Glencairn Street, Kilmarnock, East Ayrshire

Edge of Town Centre
Busy Main Thoroughfare
Opportunity To Add Value
1st Floor Redevelopment Potential
Income Producing £11,400p.a.
Asset Management Opportunity
Price: O/O £120,000

Location

The subject property is situated on the east side of High Glencairn Street between East Netherton Street and
James Little Street, close to Kilmarnock Town Centre

Kilmarnock is situated within East Ayrshire and serves as the main administrative centre of the Council.
The town has a resident population of approximately 46,159 persons and draws on a wider rural catchment and population of surrounding towns and villages.

Property

The property comprises a 2 storey commercial development with 2 retail units at ground floor contained within an end-terraced two storey building of
stone construction beneath a pitched and slated roof. Access to the accommodation is via a pedestrian access door directly from High Glencairn Street.

The ground floor units have been fitted out in accordance with the tenants business requirements, with the first floor presented in an office layout with partitioned office suites, w.c. and tea prep facility.

Summary

12 High Glencairn Street

Extending to 47.55sqm (512sq ft) the property is let on a personal name (expired 2024 - now on tacit) at a passing rent of £6,000p.a. The tenant has expressed wishes to remain at the property presenting a superb investor opportunity to add value

14 High Glencairn Street

The unit extends to 61.06sqm (657sq ft) with the property held on a full repairing and insuring head lease expiring 13th April 2034 passing £5,400p.a. The lease is guaranteed on a personal name with an ERV of £7,500 - £10,000p.a

12 High Glencairn Street

The property is accessed from street level via a single door leading directly to a single staircase to the first floor with office suites, w.c. and tea prep extending to 44.33sqm (477sq ft).

Sale

The property is available on a freehold basis for O/O £120,000

V.A.T.

We have been verbally advised that the transaction will not attract V.A.T.

E.P.C

Available on request

Title & Lease

Copies of title & lease are available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Anti-Money Laundering

TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, as property agents we are obliged to undertake AML diligence for both parties involved in a transaction. As such, personal and or detailed financial and corporate information might be required before any terms are agreed or any transaction can conclude