65 Titchfield Street, Kilmarnock, KA1 1QS
£158.90 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
472 sq ft
44 sq m
- SECTOR
Industrial development for sale
Key features
- Main road frontage
- Town Centre location
- Busy thoroughfare
- VAT free investment
- Net Initial Yield 10%
Description
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.
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.
Offers
Offers over £75,000 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 10%.
Tenancy
The property is let on a 5 year lease that commenced in October 2020. The passing rent is £7,500 per annum. The lease is subject to a rent review in September 2024. There are no break options to expiry.
Rateable Value
According to the Scottish Assessors Association, the subjects have a Rateable Value of £6,700 effective from 1st April 2023.
EPC
A copy of the Energy Performance Certificate (EPC) is available upon request.
VAT
The subjects have not been elected for VAT and therefore no VAT will be payable on the sale price.
Legal Costs
Each party will be responsible for their own legal costs. The purchaser will be responsible for any registration dues and LBTT.
Entry
Entry will be available on completion of legal formalities.
Brochures
65 Titchfield Street, Kilmarnock, KA1 1QS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kilmarnock Station0.4 miles
- Kilmaurs Station2.5 miles
About Kirkstone Limited, Glasgow
2/3 48 West George Street, Glasgow, G2 1BP
Kirkstone is an independent commercial property practice and was established to offer strategic advice to those that may not be reaping maximum returns from their commercial property interests.
We advise and act for clients across a variety of market sectors throughout the entire commercial property ownership and involvement process from initial acquisition to asset management including lettings, rent reviews, lease renewals and ultimate asset disposal.
Our firm is regulated by Th
Notes
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