Town Centre Location
Prime Thoroughfare
Ground & 1st Floor
Let to C.A.S.E Charity
New 5 Year Lease (Extended)
Passing Rent: £12,000p.a
Price: £120,000
Location
The property is situated on the east side of King Street, between its junctions with Fowlds Street and St Marnock Street in the town of Kilmarnock.
Kilmarnock is the main retail centre for East Ayrshire with a resident population of c. 44,000persons with a wider catchment in excess of 150,000persons. Kilmarnock is approx 22 miles from Glasgow and is well serviced by transport links via the M77, rail connections and Glasgow and Prestwick airports within 30mins. Neighbouring occupiers include Italo, Kilmarnock Sheriff Court.
Property
The property forms a mid terraced 2 storey commercial premises with twin window display frontage and single door access of aluminium framed and glazed construction.
Internally the property is presented in an open plan layout with main retailing space at ground floor with rear access via a common access yard. The first floor is accessed via a single staircase providing ancillary storage and staff facilities.
Lease Summary
The property is held on lease to a C.A.S.E (Registered Charity) for a new 5 year term with tenant break option in 3rd year at a passing rent of £12,000per annum
Area
Ground: 92.44sqm (995sq ft)
1st: 94.85sqm (1,021sq ft)
Total: 187.29sqm (2,016sq ft)
Sale
The property is available on a freehold basis for £120,000
V.A.T
We have been advised that the property is not elected for V.A.T
E.P.C
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business