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The leasehold of this fully furnished Class 3 Hot Food takeaway with first-floor offices and all of its equipment, fixtures, and fittings are available to purchase located in a highly-visible part of Kilmarnock.
These prominent hot-food premises and offices are available for immediate occupation and are located in Kilmarnock town centre, opposite the Galleon Leisure Centre.
The property was refurbished in 2020 to the extent of c.£60,000 and is in walk-in condition for new occupiers.
74-86 Titchfield Street is available for £25,000, with a new lease of £13,000 per annum available to be negotiated with the current landlord.
OVERVIEW
The subjects comprise a mid-terraced building of cavity block/brick construction arranged over two floors.
The ground floor, which has been extended to the rear, is fitted out as a fast food takeaway with a side service hatch for collections.
Internally there is a welcoming and modern seating area, which leads to the service counter which has screen display opportunities and is in excellent condition for new occupiers.
To the middle of the premises is a large kitchen preparation area, with a walk-in fridge, rear preparation area, private office, and several storage areas for raw materials.
There are also staff welfare facilities and access to a rear loading area that leads to the first floor.
The first floor provides open-plan office accommodation and a large kitchen/gym area with additional storage and staff welfare facilities.
A full list of what equipment is included can be provided to any interested parties.
CURRENT LEASE
The current lease is due to terminate when the current tenant vacates. The landlord is open to negotiation of a new long-term lease for the new proprietor, with a proposed rental figure of £13,000 per annum.
VIEWING
Viewings can be arranged by appointment with Bowman Rebecchi.
TRADING HOURS
The business has previously traded each day from 12:00 - 22:00.
Location
The subjects are situated on the east side of Titchfield Street within Kilmarnock town centre and immediately next to Pepe’s Peri Peri takeaway and adjacent to the Galleon Leisure Centre.
Other neighbouring occupiers include Domino's Pizza, Home Bargains, and Millennium Beauty as well as several other food operators.
The subjects are located in the town of Kilmarnock within the East Ayrshire local authority region with a population of approximately 46,000 persons and a catchment population of approximately 120,000 persons.
The town is located approximately 22 miles southwest of Glasgow, 13 miles northeast of Ayr, and 7 miles east of Irvine via the A77/M77 and A71 trunk roads respectively.
The property has excellent access to transport links, with numerous bus services operating on Titchfield Street and Kilmarnock Railway Station is a 12-minute walk.
Accommodation
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows:
Ground floor - 121 sq m (1,303 sq ft)
First floor - 85.9 sq m (925 sq ft)
Total - 206.9 sq m / 2,228 sq ft
Terms
Rates - From the Assessor’s website, the property had a Rateable Value of £16,000. The property qualifies for 25% rates relief through the Small Business Bonus Scheme, subject to occupier status.
EPC - The property currently has an energy rating of F. A copy of the EPC is available upon request.
Entry - The current tenant is flexible with requests.
Price - The cost to acquire the leasehold is £25.000 with all equipment, fixtures, and fittings also included. Purchasers are able to negotiate a new FRI lease in the region of 10-20 years, with an annual rental of £13,000 per annum (excluding VAT which is applicable).
Option To Buy - The current tenant has the option to purchase the property for £120,000 which has now lapsed. There is the potential for any new tenant to extend this option.
Planning - The subjects currently benefit from hot food takeaway consent however may be suitable for alternative uses subject to planning. All planning queries should be made directly to East Ayrshire Council.
Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
For further information, please contact Bowman Rebecchi.
Specification
- Leasehold Purchase Opportunity In Excellent Condition
- Class 3 Restaurant/Takeaway
- Option To Purchase Potentially Available
- Prominent Unit In Retail Parade With High Visibility
- Fixtures, Fittings and Equipment Included In Price
- First Floor Offices And Kitchen
- Well Connected Business Hub
- Walk-in Condition
- 25% Rates Relief from Scottish Government
- Kilmarnock Railway Station - 12 Mins Walk