Unit 1a, 1 Shortlees Crescent, Kilmarnock, KA1 4PR

Summary

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. Staff welfare areas are provided to the rear. Ample free parking is available to the front of the property.

Key Points

Tenancy

The property 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.

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 £4,500 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 £2,500 effective from 1st April 2023.

What3words

trade.reward.army

Location