47, 49 Titchfield Street, Kilmarnock, KA1 1QS

Summary

The subjects comprise a ground floor beauty salon within a three storey traditional red sandstone building. The roof is pitched and clad in tile. There are offices on the upper floors.

Externally, the shop has a timber glazed frontage under a non-illuminated fascia board and is accessed via a single pedestrian door which leads into the sales area. Welfare facilities are provided to the rear of the shop. The tenant is currently renovating the premises to use as a beauty salon/nail bar.

Key Points

Tenancy

The property is let on a 10 year full repairing and insuring lease that commenced in May 2024. The passing rent is £6,500 per annum. There is a tenant break option at the end of year 3. The lease is subject to a rent review on the 5th anniversary of the lease.

Price

Offers over £65,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on a rental income of £6,500 per annum, a purchase at this level would reflect a net initial yield of 10%.

What3words

roadblock.feel.radiates

Location