Fantastic Tenanted Commercial Retail Unit located within a prime location in Kilbirnie. ***Guide price £50,000***
Property has a lease in place that commenced 14th July 2023 and ends 14th July 2028. ***LONG SITTING TENANTS***
Fantastic opportunity to acquire an excellent commercial premises with a long lease in place.
Property comprises a ground floor commercial unit with a return frontage with multiple display windows, access being gained from street level leading to an open plan customer area with removeable counter. Partitions have been erected to form private office, store, tea prep and w.c. facilities.
For rent this is currently achieving £597 pcm, which attracts an annual income of £7164 per annum. This returns an excellent 14.3% gross yield based on a guide price of £50,000 - ***HIGH YIELD POTENTIAL***
Sure to appeal to shrewd commercial investors looking for rare commercial premises with great high yield potential, or looking for affordable commercial premises.
Property benefits from a rateable value of £4,550 per annum, benefiting from small business rates relief scheme.
Property is located on a busy street in Kilmarnock near the waterfront and benefits from a large passing footfall.
Tenancy Agreed until 2028. Sure to appeal to shrewd commercial investors looking for rare commercial premises with a high yield with future increase potential.
Property is located on one of the busiest street in Kilmarnock and benefits from a large passing footfall.
Location
Kilmarnock, a vibrant town located in East Ayrshire, Scotland, lies approximately 21 miles away from Glasgow. Nestled in the picturesque landscape on then Scottish Lowlands, Kilmarnock is surrounded by rolling hills, lush green countryside, and scenic views that reflect the area's natural beauty. The town is bisected by the River Irvine, which meanders through its heart, adding to the charm of its historic architecture and modern amenities.
The town is well connected, with a central railway station providing direct links to Glasgow and other major cities, while the nearby A77 and M77 motorways offer convenient road access. Kilmarnock's community spirit is reflected in its numerous parks, gardens, and recreational facilities, such as Kay Park and Dean Castle Country Park, which offer serene retreats and historical exploration.
Accommodation
Property extends to 77.68 sq m (836 sq ft)
Terms
Guide Price - £50,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Fantastic Tenanted Commercial Retail Unit located within a prime location in Kilbirnie. ***Guide price £50,000***
- For rent this is currently achieving £597 pcm, which attracts an annual income of £7164 per annum. This returns an excellent 14.3% gross yield based on a guide price of £50,000 - ***HIGH YIELD POTENTIAL***
- Tenancy Agreed until 2028. Sure to appeal to shrewd commercial investors looking for rare commercial premises with a high yield with future increase potential
- Property benefits from a rateable value of £4,550 per annum benefiting from small business rates relief scheme. Property extends to 77.68m2 (836 sqft).
- Property is located on one of the busiest street in Kilmarnock and benefits from a large passing footfall.