Tenanted Commercial / Retail Investment, 144 King Street, Kilmarnock, KA1 1PG

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.

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

Accommodation

Size - 85.11 m² (916 ft²)

Terms

Guide Price - £110,000

Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.

Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.

Specification

• 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.