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SALE BY ONLINE AUCTION THURSDAY 16TH JUNE 2022, 3 Bank Place, Kilmarnock, KA1 1HJ

not specified / Retail / Retail - High Street

For Sale - £70,000.00

Withdrawn - Last updated: 22 June 2022

FOR SALE BY ONLINE AUCTION THURSDAY 16TH JUNE AT 9.00AM. Ground floor retail unit on main street in Kilmarnock. Currently tenanted at £8,000 per annum, providing a yield of 11.4% at Guide Price. Excellent opportunity for a turnkey investment.

• Prominent Well Let Commercial Investment Opportunity*** Currently let for £8,000 per annum*** Established shop*** Attractive Conservation district within Kilmarnock Town Centre*** Great Turnkey investment property***

• This unit is circa 409 sq ft***Near to Kilmarnock train station & Ayrshire college***

• 50-54 Bank Street Sold £800k (June 16)*** 37 Bank Street Sold £245k*** 62 Bank Street Sold £120k*** Seldom available opportunity to acquire a high yielding freehold commercial property in this popular location***

• Kilmarnock is the main retail & administrative centre for East Ayrshire with a population of circa 44,000 people and a catchment of circa 150,000***

• This property is within the attractive & sought after conservation district in the popular town centre of Kilmarnock***Attractive high yield of 11.4% at guide price*** Full tenancy details contained within the legal pack***

Fantastic opportunity to acquire a well let prominent property currently operating as a small gift shop within the attractive bank street conservation district of Kilmarnock Town Centre*** Rent is up to date*** Full lease details are contained within the legal pack*** Priced to sell at a very attractive yield of 11.4% at guide price*** Great auction property and ideal lot size for private property investor*** Kilmarnock is the main retail centre for East Ayrshire with a resident population of c. 44,000 persons with a wider catchment in excess of 150,000 persons. Kilmarnock is approximately 22 miles from Glasgow and is well serviced by transport links via the M77, rail connections and Glasgow and Prestwick airports within 30mins drive.*** This property is within walking distance to Kilmarnock train station & Ayrshire College*** Potential for 100% rates relief *** Auctioneers Comment: “This is an excellent opportunity to add a well-performing retail unit to an investment portfolio. The property is priced well with an attractive yield rate for local investors and we anticipate substantial interest from private property buyers”

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Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £70,000.00 NA

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