Excellent Commercial Investment Opportunity located within a prime high street location in Kilmarnock - ***Guide Price £95,000***
Rateable Value of £17,500
Beautifully converted Old high street bank, chance to own a historic building in a popular ayrshire town.
Prime Opportunity for Commercial investors looking for a property in an excellent location with high yield potential. Sure to appeal to investors looking for an affordable commercial investment opportunity.
Potential Development Opportunity. Property has potential for a builder/investor/developer to put their own stamp on. Excellent commercial development opportunity for shrewd investors looking for a rare auction property.
For rental purposes, the property could potentially attract a rental income of £17,500 - £22,000 per annum. This would provide an exceptional 19% - 23% gross yield if achieved for the guide price of £95,000 - ***HIGH YIELDING INVESTMENT***
Sought after high street location benefiting from large daily footfall.
Location
Kilmarnock, nestled in East Ayrshire, Scotland, offers a captivating mix of historical allure, contemporary conveniences, and economic prospects, making it an enticing locale for both residential living and investment ventures. Its storied past, from its origins as a bustling market town to its industrial zenith in the 18th and 19th centuries, imbues it with a rich tapestry of heritage sites and cultural landmarks, including the esteemed Dick Institute and Dean Castle. With its scenic surroundings comprising verdant countryside vistas, tranquil parks, and meandering rivers, Kilmarnock provides an idyllic backdrop for outdoor pursuits such as hiking, cycling, and angling. Moreover, the town presents an array of affordable housing options, catering to diverse preferences and budgets, fostering a sense of community spirit and camaraderie among its residents. Enhanced by excellent transport connections via rail and road networks, as well as ongoing regeneration initiatives aimed at bolstering its economy and infrastructure, Kilmarnock stands as an attractive destination ripe with investment potential across various sectors, from retail and hospitality to real estate, underpinned by its strategic location and skilled workforce.
Accommodation
Property comprises: Customer service counter, main shop floor area, bathroom, WC, Large store rooms, changing areas. Property benefits from ample storage space throughout, air conditioning and fully electric roller shutters and alarm system for security.
Terms
Guide Price - £95,000
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
- Commercial Investment Opportunity located within a prime high street location in Kilmarnock - ***Guide Price £95,000***
- Prime Opportunity for Commercial investors looking for a property in a busy main street location with high yield potential. Sure to appeal to investors looking for a rare commercial investment opportunity.
- For rental purposes, the property could potentially attract a rental income of £17,500 - £22,000 per annum. This would provide an exceptional 19% - 23% gross yield if achieved for the guide price of £95,000 - ***POTENTIALLY HIGH YIELDING INVESTMENT***
- Property benefits from large space, boasting a spacious 1650 square metres of area.
- Property is situated on attractive corner plot, benefiting from large footfall traffic - ***PRIME COMMERCIAL INVESTMENT LOCATION***