The subjects comprise the ground floor of a three storey Category ‘C’ listed tenement formed in red sandstone and brick with a pitched roof clad in tile. Internal accommodation comprises a sales area and staff w.c. facilitie
Location
The property is located on Titchfield Street a prominent secondary town centre retailing area which carries a high traffic volume at most times of day with shops occupied by an interesting mix of local traders. Kilmarnock is the principal settlement in the East Ayrshire Council area with a resident population of around 46,500.
Accommodation
42.48 SQ. M. (457 SQ. FT.)
Terms
RATING ASSESSMENT The property is currently entered in the Valuation Roll as follows: RV £6,700 100% rates remission may be available to qualifying occupiers under the Small Business Bonus Scheme.
LEASE INFORMATION The subjects are let to Payne & Daughters as a jewellery shop on an 5 year lease until October 2025 at a current passing rent of £7,500 per annum. The lease also features break options at the end of year 1 and 3 and rent reviews in September 2022 and 2024.
ENERGY PERFORMANCE CERTIFICATE The property has a current energy rating of F 93. A copy of the EPC is available upon request.
PRICE Offers over £75,000 are invited.
COSTS Each party will be responsible for their own legal costs incurred in the transaction.
VALUE ADDED TAX All prices, rents and premiums, where quoted, are exclusive of VAT.
Prospective purchasers/lessees are advised to satisfy themselves independently as to the incident of Value Added Tax in respect of this transaction.
Specification
- POPULAR SECONDARY TOWN CENTRE LOCATION
- CURRENT PASSING RENT £7,500 PER ANNUM
- NO RATES PAYABLE SUBJECT TO STATUS
- 42.48 SQ. M. (457 SQ. FT.)
- OFFERS OVER £75,000