Retail Investment Opportunity, 8 Fowlds Street, Kilmarnock, KA1 3PG

Immediate Cash flowing Investment Opportunity. Commercial Premises currently tenanted at £7,250 per annum. 

Property is offered at a great discount for Auction sale. The property has a Guide price of £65,000 which would provide a rental yield of greater than 11.5%.

Property is tenanted to a Long term tenant it is currently operated as a Tattoo parlour. Tenant has been in situ since 2015 with the current rent set at £7,250.

The property has a potential market rent of up to £8,000 - £9,000 per annum. Should the rent be increased to this level and purchased at the Guide price of £65,000 it would provide a gross rental yield of 12.3% - 13.8%.

Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.

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. The property occupies a prominent corner location at the junction of Fowlds Street and King Street in Kilmarnock Town Centre. 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 - 750 sq ft (69.64 sq m) 

Terms

Guide Price - £65,000

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 £7,250 per annum.
• Property is currently operated as a Tattoo parlour. Tenant has been in situ since 2015.
• Sure to appeal to investors looking for a High yielding investment opportunity.
• Large Premises that extends to approximately 69.64 sq m and has a rateable value of £6,800.
• Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.