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65 Titchfield Street, Kilmarnock, KA1 1QS

472 Sq Ft / Retail / General Retail

For Sale - £60,000.00

Available - Last updated: 24 October 2024

Summary

The subjects comprise a ground floor antique shop 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. The floor is of timber and the walls are of plaster/paint. The ceiling incorporates recessed LED lighting. A store and welfare facilities are provided to the rear of the shop.


Key Points

  • Main road frontage
  • Town Centre location
  • Busy thoroughfare
  • VAT free investment
  • Net Initial Yield 12.5%

  • Tenancy

    The property is let on a 5 year lease that commenced in October 2020. The passing rent is £7,500 per annum. There are no break options to expiry.


    Tenure

    Heritable Interest (Scottish equivalent of English Freehold).


    Price

    Offers over £60,000 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 £7,500 per annum, a purchase at this level would reflect a net initial yield of 12.5%.


    EPC

    A copy of the Energy Performance Certificate (EPC) is available upon request.


    What3words

    bids.buckling.router

    Location

    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.

    The property is located on the east side of Titchfield Street, close to its junction with Fowlds Street in Kilmarnock town centre. Fowlds Street forms part of the Kilmarnock Ring Road. Titchfield Street is a prominent secondary town centre retailing area which carries a high traffic volume at most times of day with shops occupied by an interesting mix of local traders. Kilmarnock Railway Station is close by.

    Property Quote Price(s)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £60,000.00 NA

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    Contact agents

    Shahzad Shaffi

    Kirkstone

    0141 432 1448

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