The subjects comprise a ground floor, mid-terraced retail unit within a three-storey traditional block housing residential accommodation above.
The subjects benefit from a single glazed frontage with security grilles incorporating a single recessed timber doorway.
Internally, walls are timber panelled, papered and painted in finish whilst floors are of suspended timber type, finished in carpet and linoleum.
The accommodation extends to front shop/display area, partitioned workshop/office, rear store and WC with a further rear workshop off the rear store.
( Agency Pilot Software ref: 53153 )
Location
Kilmarnock is situated within East Ayrshire and serves as the main administrative centre of the Council. The town has a resident population of approximately 46,159 persons (Census 2022). The subject property is prominently situated to the East of Titchfield Street adjacent to the popular Galleon Centre within Kilmarnock town centre. The location forms part of the principle retail area within the town centre and is situated within walking distance of Kilmarnock railway and bus stations.
Accommodation
62.66 sq m (674 sq ft)
Terms
RATES The current rateable value is £7,000. The current Uniform Business Rate for the financial year 2024/2025 is 49.8p per pound of Rateable Value excluding water and sewerage charges.
VAT The purchase price quoted is exclusive of VAT.
VAT is not currently payable upon the purchase price and any other charges
.LEGAL COSTS Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance for of doubt, the purchaser will be responsible for Land and Building Tax (LBTT), registration dues and any VAT payable thereon.
PRICE Offers in excess of £75,000 are invited for the freehold with the benefit of the existing lease, representing a Net Initial Yield of 10.48%, accounting for LBTT and purchasers costs of 1.8%
Specification
• VAT free investment
• Long established tenant
• Let until July 2028 at a passing rent of £8,000 per annum
• Public car-park nearby