High quality retail investment. Substantial supermarket premises - 3,415 sq. m. (36,759 sq. ft.). Let to Poundstretcher. Base rent £XXX per annum plus turnover based top-up. maximum rent £XXX per annum. Offers over £XXX
Location
The subjects are located on Fowlds Street at its junction with King Street in a prominent town centre location. Kilmarnock is the principal settlement in the East Ayrshire Council area with a resident population of around 45,000
Accommodation
SUBSTANTIAL SUPERMARKET PREMISES – 3,415 SQ. M. (36,759 SQ. FT.)
Terms
THE PROPERTY The subjects comprise substantial purpose built supermarket premises fitted to a high standard by the tenant Poundstretcher Ltd. The ground floor space is set aside essential as retail space with adjacent staff facilities. Storage and further staff facilities are provided at first floor level with access between floors via stair and elevator.
RATING ASSESSMENT The property is currently entered in the Valuation Roll as follows: RV £XXX
ENERGY PERFORMANCE CERTIFICATE The property has a current energy rating of E 71. A copy of the EPC is available upon request.
LEASE TERMS The property is let to Poundstretcher Ltd for a period of 5 years from 22nd March 2021 on Full Repairing and Insuring terms subject to a Schedule of Condition
.PRICE Offers over £XXX are invited. The property is elected for VAT and the transaction may be treated as a TOGC. COSTS Each party will be responsible for their own legal costs incurred in the transaction
VALUE ADDED TAX The property is elected for VAT. ANTI
MONEY LAUNDERING REGULATIONS The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.
Specification
- LET TO POUNDSTRETCHER
- BASE RENT £XXX PER ANNUM PLUS TURNOVER BASED TOP-UP
- MAXIMUM RENT £XXX PER ANNUM