Retail premises for sale in Titchfield Street, Kilmarnock KA1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Main road frontage
- Town Centre location
- Busy thoroughfare
- VAT free investment
- No VAT payable
- Net Initial Yield 10.4%
Property description
Externally, the shop has a timber glazed frontage under a non-illuminated fascia board and is accessed via a common recessed single pedestrian door which leads into the sales area. Internally, there is open plan retail space which is “L” shaped and incorporates a small office/room. Welfare facilities are provided to the rear of the shop. The floor is covered in laminate and the walls are of plaster/paint. The ceiling incorporates recessed LED spot lighting. There is no gas supply to the property and space heating is provided electrically.
Tenancy
The property is let on a 3 year lease that commenced in October 2023. The passing rent is £6,250 per annum. There are no break options within the lease.
Offers
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 £6,250 per annum, a purchase at this level would reflect a net initial yield of 10.4%.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Kirkstone Property Consultancy, G2 on +44 141 376 6556 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kirkstone Property Consultancy, and do not constitute property particulars. Please contact Kirkstone Property Consultancy for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.