Investment Property – King Street, Kilmarnock

Investment Property – King Street, Kilmarnock
East Ayrshire, Scotland, KA1 1DZ, United Kingdom
For Sale offers around £800,000 - Other

Address

115 – 119 King Street, 5-7 St Marnock Street ad 52 Sandbed, Kilmarnock KA1 1DZ

Description

Mixed retail and office property enjoying a high profile location at the entrance to Kilmarnock Town Centre recent works carried out include re-painting externally ( September 2021 ) and re-furbishment of the granite fascade (October 2021 ).

Location

Kilmarnock, with a resident population of approximately 45,000 persons at the last census is the principal settlement in East Ayrshire and the Town enjoys good links to the motorway network in the West of Scotland and sits on the main west coast railway line.

The pedestrianised part of King Street is generally regarded as the town’s prime retail pitch and the subjects are only a short distance away from Marks & Spencer, the main Boots, River Island etc and the main car parks serving the town centre are closeby.

Tenants

The building is completely occupied apart from a very small office suite which is earmarked for refurbishment prior to letting and the tenancies are made up as follows;

GROUND FLOOR:

Barrhead Travel

Total Vapes

Subway

Mortgage Master

Gilmour Facility Services

FIRST FLOOR:

Liam Ritchie (Liam’s Lounge)

Stitches

Gallen Solicitors

SECOND FLOOR:

Gilmour Facility Services

Vacant suite

Paterson Associates, Surveyors

Tony Bone, Solicitors

 

The Current Passing rents totals £84,300 and all leases are on Full Repairing and Insuring terms with common repairs, cleaning, insurance, decoration, management fees all met by service charges

Please Note: A full tenancy Schedule will be made available to genuinely interested parties.

Rating Assessments

The subjects are entered in the current Valuation Roll as follows;

115 King Street             Barrhead Travel                 Rateable Value         £12,700

117 King Street             Total Vapes                          Rateable Value        £  6,100

119 King Street             Subway                                 Rateable Value         £9,900

7 St Marnock Street     Mortgage Master               Rateable Value         £9,000

5 St Marnock Street     Liam Ritchie                       Rateable Value         £5,200

5 St Marnock Street     Stitches                                Rateable Value         £5,900

5 St Marnock Street     Roselyn Gallen                    Rateable Value        £4,900

5 St Marnock Street     Gilmour Facilities               Rateable Value        £3,150

5 St Marnock Street     Vacant Unit                          Rateable Value        £3,400

5 St Marnock Street     Paterson Associates            Rateable Value        £3,350

5 St Marnock Street     Tony Bone Legal                  Rateable Value        £4,600

52 Sandbed                    Gilmour Facilities                Rateable Value       £2,000

 

The Building is Listed in which case should any part of the property become vacant, the Landlord would enjoy 100% relief from Rates.

Property Map

Agent Alistair G Paterson FRICS


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Alistair G Paterson FRICS