FOR SALE BY ONLINE AUCTION WEDNESDAY 25th SEPTEMBER 2024 AT 9.00AM ***GREAT OPPORTUNITY***TO ACQUIRE A GROUND FLOOR COMMERCIAL UNIT***RENTED FOR £6500 PER ANNUM (11.8% ANNUAL YIELD)***10 YEAR LEASE***DEPOSIT PAID OF £1,625***
***The unit is on the ground floor of a three-story traditional building. there are offices on the upper floors***Tenant is in the middle of refurbishing the property***
***The shop has a good frontage on Titchfield Street with large display windows. The door is recessed, and the internal layout is L-shaped, which lends itself to many uses***
***Premises size 43.7 sqm / 471 sq ft***
***Rent review year 5***
Nearby Sales include:
- 61 Titchfield Street Sold £72,500 (2023)
- 63 Titchfield Street Sold £65,000
- 104 Titchfield Street - sold for £58,000 (Apr 23)
***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 46,770 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 - £55,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.