Retail premises for sale in Titchfield Street, Kilmarnock KA1, £70,000
70,000.00
Offer Nr.:
65738377
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Kirkstone Property Consultancy
Phone(s):
0141 376 6556
Email:
* Main road frontage
* Town Centre location
* Busy thoroughfare
* VAT free investment
* Net Initial Yield 10%
**Location**
Kilmarnock is situated in East Ayrshire andserves 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 themain arterial
route of the M77 motorway.
The property is located on the east side of Titchfield Street, close to its
junction with Fowlds Street in Kilmarnock towncentre. Fowlds Street forms
part of the Kilmarnock Ring Road. Titchfield Street is a prominent secondary
town centre retailing area which carries a high traffic volume atmost times
of day with shops occupied by an interesting mix of local traders. Kilmarnock
Railway Station is close by.
**Description**
The subjects comprise a groundfloor beauty salon 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 single pedestrian door which leads into the
treatment area. The flooris tiled and the walls are of plaster/paint. The
ceiling incorporates LED box lighting. A kitchenette and welfare facilities
are provided to the rear of the shop.
**Accommodation**
The subjects provide an approximate net internal floor area of 43. 24 sq m (465
sq ft).
The above areas have been calculated on a Net Internal Areabasis in
compliance with the RICS Code of Measuring Practice (6th edition).
**Tenancy**
The property is let on a 5 year lease that commenced in October 2020. The
passingrent is £7, 200 per annum. The lease is subject to a rent review in
September 2024. There are no break options.
**Offers**
Offers over £70, 000 are invited for ourclients’ heritable interest (Scottish
equivalent to English Freehold) subject to the lease agreement in place. Based
on a rental income of £7, 200 per annum, apurchase at this level would reflect
a net initial yield of 10. 3%.
* Town Centre location
* Busy thoroughfare
* VAT free investment
* Net Initial Yield 10%
**Location**
Kilmarnock is situated in East Ayrshire and
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
route of the M77 motorway.
The property is located on the east side of Titchfield Street, close to its
junction with Fowlds Street in Kilmarnock town
part of the Kilmarnock Ring Road. Titchfield Street is a prominent secondary
town centre retailing area which carries a high traffic volume at
of day with shops occupied by an interesting mix of local traders. Kilmarnock
Railway Station is close by.
**Description**
The subjects comprise a ground
traditional red sandstone building. The roof is pitched and clad in tile.
There are offices on the upper floors.
Externally,
fascia board and is accessed via a single pedestrian door which leads into the
treatment area. The floor
ceiling incorporates LED box lighting. A kitchenette and welfare facilities
are provided to the rear of the shop.
**Accommodation**
The subjects provide an approximate net internal floor area of 43. 24 sq m (465
sq ft).
The above areas have been calculated on a Net Internal Area
compliance with the RICS Code of Measuring Practice (6th edition).
**Tenancy**
The property is let on a 5 year lease that commenced in October 2020. The
passing
September 2024. There are no break options.
**Offers**
Offers over £70, 000 are invited for our
equivalent to English Freehold) subject to the lease agreement in place. Based
on a rental income of £7, 200 per annum, a
a net initial yield of 10. 3%.
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