Retail premises for sale in 144 King Street, Kilmarnock KA1

• Prime Property Auctions New Entry - Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £13,000 per annum.


• Property is currently operated as a Hairdressers. Tenant has been in situ since 1990 and expires in 2025.


• Sure to appeal to investors looking for a high yielding investment opportunity.


• Large Premises with a net Internal Area of 85.11 m2 (916 ft2) and has a rateable value of £9,400.


• Property is situated in the business district of Kilmarnock.

Prime Property Auctions New Entry - Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £13,000 per annum.

Property comprises: Hairdressing/beautician's salon with staff facilities and male/female toilets to rear.

Large Premises with a net Internal Area of 85.11 m2 (916 ft2) and has a rateable value of £9,400.

The property has a Guide price of £125,000 which would provide a rental yield of 10.4%.

Property is tenanted to a long-term tenant that is currently operating the premises as a hairdresser. The Tenant has been in situ since 1990 with the current rent set at £13,000 per annum.

The property has a potential market rent of up to £15,000 - £17,000 per annum. Should the rent be increased to this level and purchased at the Guide price of £125,000 it would provide a gross rental yield of 12% to 13.6%.

Property benefits from good footfall and long-standing trading business. It is sure to appeal to landlords looking for a high yielding commercial investment. Seller will consider early offers.

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team on .

Property has an excellent long-standing tenant that has been in the property for over 10 years with all rental payments up to date.

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location

Kilmarnock is located within East Ayrshire approximately 22 miles south west of Glasgow and 13 miles north east of Ayr. The resident population of Kilmarnock is in the region of 45,000. King Street comprises the principal retailing thoroughfare in the town. A one-way system for vehicles operates around the area and channels traffic directly passed the subjects. The surrounding area is dominated by retail accommodation occupied by a mixture of national, multiple and local traders.