FOR SALE BY ONLINE AUCTION WEDNESDAY 29TH OF JANUARY 2025 AT 9AM - ***MASSIVE 20% RENTAL YIELD BASED ON GUIDE PRICE!***GREAT OPPORTUNITY TO PURCHASE RETAIL UNIT IN PRIME KILMARNOCK LOCATION***TENANTED WITH MR FIX MOBILE PHONE SHOP (£7,800 RENT PER ANNUM)***Plethora of local & national occupiers nearby***
*** Excellent opportunity to acquire a high yielding low cost commercial property*** Popular central location in Kilmarnock with high footfall*** One of the most prominent pitches in Kilmarnock***
The multi storey carpark which overlooks this property is currently being removed to make space for a civic space. This is in the final stages of consultation with the local community.
The aim of the Foregate Civic Space project is to:
- Enhance town centre image and civic pride;
- Increase the duration of town centre user dwelling times as well as attracting visitors and tourists, enabling commercial growth and deterring anti-social behaviour;
- Attract commercial investment and reduce vacancy rates;
- Provide safe and secure active travel interface with Kilmarnock town centre and the Infinity Loop;
- Increase the use of sustainable transport modes in line with the aims of the East Ayrshire Local Transport Strategy; and
- Promote health and well-being for residents and visitors of Kilmarnock.
These improvements will increase the attractive shopping experience for everyone who lives locally and for tourists. The shops along the Foregate, which No. 47 is prominently positioned within the main front, will undoubtedly become the most desirable retail units in the locality.
*** Low cost & well let commercial property investment producing total income of £10000 per annum *** Great opportunity and likely to sell quickly***
***GOOD FOOTFALL*** - This retail unit sits alongside a number of well established local businesses.
***SPACIOUS*** - Approximately 160 metres in size
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 14 Aird Avenue, Kilmarnock, KA1 1SJ - (SOLD OCT'24) - £155,000
- 74 Morris Crescent, Hurlford, KA1 5BH - 2 BED - (SOLD OCT'24) - £97,500
- 30, Pentland Road, Kilmarnock KA1 3RU - (SOLD OCT'24) - £96,000
***Kilmarnock was ranked in the top 10 places to live in Scotland***
***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 linking both Glasgow City Centre & Prestwick International Airport with the local areas making Kilmarnock a popular commuter district***
***The town has a population of roughly 46,970 with a strong tenant base. With the nearby Kilmarnock campus of Ayrshire College and the University of the West of Scotland in the neighbouring town of Ayr, there will be plenty of students looking for accommodation.***
***The town's heritage is proudly displayed in landmarks such as the majestic Dean Castle, while the local cultural scene is rich, offering experiences that rival those of larger cities. The town is also graced with verdant spaces like Kay Park, which provide idyllic settings for leisure and family activities. For those seeking a location with charm, a strong sense of community, and a vibrant spirit, Kilmarnock is an excellent choice.***
GUIDE PRICE: £50,000
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