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47 Titchfield Street, Kilmarnock, East Ayrshire, KA1 1QS

Guide Price
£55,000

Business rates & charges may apply

Online Property Auctions Scotland, Online Property Auctions Scotland
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High street retail property for sale

Key features

  • ***GREAT OPPORTUNITY***
  • ***RENTED FOR £6500 PER ANNUM (11.8% ANNUAL YIELD)***10 YEAR LEASE***
  • ***Tenant has fully refurbished the property***

Description

FOR SALE BY ONLINE AUCTION WEDNESDAY 23RD OCTOBER 2024 AT 9.00AM ***GREAT OPPORTUNITY***TO ACQUIRE A GROUND FLOOR COMMERCIAL UNIT***RENTED FOR £6500 PER ANNUM (11.8% ANNUAL YIELD)***10 YEAR LEASE***DEPOSIT PAID OF £1,625***

***The unit is on the ground floor of a three-story traditional building. there are offices on the upper floors***Tenant has fully refurbished the property***

***The shop has a good frontage on Titchfield Street with large display windows. The door is recessed, and the internal layout is L-shaped, which lends itself to many uses***

***Premises size 43.7 sqm / 471 sq ft***

***Rent review year 5***

Nearby Sales include:

- 61 Titchfield Street Sold £72,500 (2023)
- 63 Titchfield Street Sold £65,000
- 104 Titchfield Street - sold for £58,000 (Apr 23)

***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.

All prices quoted are exclusive of VAT.

Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.

Brochures

47 Titchfield Street, Kilmarnock, East Ayrshire, KA1 1QS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kilmarnock Station0.4 miles
  • Kilmaurs Station2.5 miles

About Online Property Auctions Scotland, Online Property Auctions Scotland

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Notes

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Disclaimer - Property reference 259727. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Online Property Auctions Scotland, Online Property Auctions Scotland. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auctions Scotland, Online Property Auctions Scotland on 01409 335799.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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