FOR SALE BY ONLINE AUCTION WEDNESDAY 18th DECEMBER 2024 AT 9AM***GREAT OPPORTUNITY***TO ACQUIRE***HIGH YIELDING RETAIL INVESTMENT***PROMINENT TOWN CENTRE LOCATION***LET ON A LEASE PRODUCING £7,500 PER ANNUM***Guide Price Reflects 13.6% Gross Yield***954 sq ft (88.67 sq m)***
***The property comprises a prominent retail unit occupied by a long-standing local business***
***Let on a lease expiring October 2025 and producing £7,500 per annum (Guide Price Reflects 12.5% Gross Yield)***the property provides 954 sq ft of accommodation over ground floor.***
***The property occupies a prominent position on Titchfield Street, the principal secondary retail offering in Kilmarnock which leads directly to the principal retail amenity of King Street***
Nearby Sales include:
- 63 Titchfield Street Sold £75,000 (Jul'23)
- 61 Titchfield Street Sold £72,500 (2023)
- 49 Titchfield Street Sold £65,000 (Sep'23)
- 104 Titchfield Street - sold for £58,000 (Apr 23)
***Lease Expiry October 2025***
***No VAT***
***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
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.