Summary
Each unit benefits from glazed frontage and single access door to the front elevation. Internally, the units all have open plan sales areas with storage and staff welfare areas to the rear.
Unit 1a Shortlees operates as a retail unit. Units 2 & 2a benefit from a commercial extraction canopy and is fitted out with the necessary fixtures and fittings required to operate as a cafe. Ample free parking is available to the front of the properties.
Key Points
Busy thoroughfareMain road frontageIncome of £13,800 paOffers over £110,000Gross Initial Yield 12.5%VAT free investment
Accommodation
1a Shortlees Crescent - 28.08 sq m (302 sq ft)
2 Central Avenue - 72.18 sq m (777 sq ft)
2a Central Avenue - 31.73 sq m (342 sq ft)
Tenancies
Unit 1a Shortlees Crescent 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.
Units 2 & 2a Central Avenue are let on a 10 year FRI lease that commenced in July 2025 at a rent of £9,300 per annum.
Tenure
Heritable Interest (Scottish equivalent of English Freehold).
Price
Offers over £110,000 are invited for our clients heritable interest (Scottish equivalent to English Freehold) subject to the lease agreements in place. A purchase at this level would reflect a GIY of 12.5%.
Rateable Values
We refer you to the Scottish Assessors Association website for details.
EPC
Copies of the Energy Performance Certificates (EPC) are available upon request.
VAT
The subjects are not elected for VAT, therefore, VAT is not payable on the purchase price.
What3words
trade.reward.army
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.