Property for sale in Lugar Street, Cumnock, Ayrshire KA18

Portfolio of two commercial units
New to auction is this fantastic commercial portfolio opportunity, comprising two adjoining premises (three separate units), ideally located in prominent location on the edge of Cumnock town centre. 1 Kilnholm Place was formerly an Estate/Letting Agents business, with 12/14 Lugar Street being a Retail unit on the ground floor with Offices/Storage accessed via separate entrance on the upper floor. Kilnholm Place extends to approximately 895 sq. Ft and comprises main office and WC on the ground floor, with a further four offices and kitchen area on the upper level. Lugar Place offers sales area, store, WC and tea prep over approx. 312 sq. Ft on the ground floor unit, with the first floor boasting two large rooms, tea prep and staff WC. Each of the units is separately published on the Valuation Roll with rv of £3300 (Kilnholm Place), £2700 (12 Lugar Street, gf) and £2200 (14 Lugar Street, 1F) which means that all three potentially qualifying for rates relief under the Small Business Bonus Scheme. This commercial portfolio could be ideal for an owner/operator to combine their own business premises with the added bonus of additional units for rental or could represent a high yielding addition to an existing commercial portfolio. There could also be potential to consider commercial to residential conversion subject, of course, to the required planning consents. Early viewing is essential to fully appreciate the outstanding value on offer.

Kilnholm Place and Lugar Street enjoy prominent location on the edge of Cumnock town centre. Cumnock offers a range of amenities including supermarket and retail shopping, bars, restaurants, transport links and recreational facilities. There is also excellent primary and secondary schooling in the area.

Purchasers notes

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