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72 - 80 Main Street, Kilwinning, KA13 6AQ

7,167 Sq Ft / Retail / Retail - High Street

For Sale - £850,000.00

Under Offer - Last updated: 21 October 2021

72 MAIN STREET
Ground floor retail accommodation, within an end-terraced two-storey building of stone and block construction, with residential above which is outwith the subjects under report. The premises are occupied by William Hill, who have fitted out the premises with their own corporate fit out.

The premises are accessed from a recessed entrance doorway from Main Street, Kilwinning. Internally the premises comprise retail sales, rear storage and disabled, ladies and gents toilet accommodation.

The subjects are leased to William Hill Organisation Ltd on a 20-year FRI lease effective March 2007 incorporating five-yearly rent reviews, with the current passing rent being £14,000 per annum.

74 MAIN STREET
Ground floor retail accommodation, occupied by Greggs Plc. The subjects are contained within a two-storey mid-terraced building of stone and blockwork construction, beneath a pitched and slate roof. The premises benefit from a glazed frontage. Internally the premises comprise retail, kitchen, staff, and toilet accommodation.

The tenant has installed disabled toilet accommodation within the premises and fitted out the premises with their own corporate fit out.

The subjects are leased to Greggs Plc on a 15-year FRI lease effective June 2011 incorporating five-yearly rent reviews, with the current passing rent being £11,000 per annum.

76 MAIN STREET
The subjects comprise ground floor retail accommodation, occupied by Tesco Express. There is an ATM to the front elevation within Main Street, and a yard/ delivery area to the rear. The premises are accessed from a glazed entrance door and benefit from a glazed display to the front elevation. There are security shutters internally within the premises.

The subjects comprise ground floor retail accommodation contained within a two-storey mid-terraced building, with a single-storey extension to the rear. The premises have been roughcast rendered to the rear elevation, beneath a flat roof.

Internally the premises comprise retail, toilet, staff, and storage accommodation. Lighting is provided by recessed fluorescent strip units and bulb lighting. The tenant has fitted out the premises with their own corporate branding, and installed chill/ refrigeration units.

The subjects are leased to Tesco Stores Ltd on a 15-year FRI lease effective January 2009, with the current passing rent being £70,635.84 per annum. The tenant has the option to extend the lease for a further 15 years from January 2024.

78 MAIN STREET
The subjects are occupied by the Salvation Army and comprise ground floor retail accommodation within a two-storey building, with single-storey extensions to the rear.

The premises are recessed from the building line, and are accessed from a central doorway with a double display frontage from Main Street. Internally the premises comprise retail accommodation, with the staff, storage, and toilet accommodation accessed from a raised level. There is a fire escape to the rear.

The subjects are leased to Salvation Army Trading Company Ltd on a 10-year FRI lease effective September 2018 incorporating a rent review at year 5, with the current passing rent being £12,000 per annum. There is a tenant-only break option in September 2023. Salvation Army Trading Company Ltd have occupied the unit since 2008.


Fully Let Retail Investment

Let to William Hill, Greggs Plc, Tesco Stores Ltd and Salvation Army Trading Company Ltd

Combined Rental of £107,635.84 per annum

NIY 11.90%, accounting for LBTT and Purchasers Costs of 1.8%

Offers over £850,000 are invited
( Agency Pilot Software Ref: 50018 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £850,000.00 NA

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Fraser Lang

Graham + Sibbald

01563 760031



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