Retail Investment For Sale / To Let , 9-11 Bank Street, Kilmarnock, KA1 1HA

The subjects comprise a ground floor retail unit contained within a mid-terraced two-storey building of traditional stone construction beneath a pitched and slated roof.

Internally the premises comprise ground floor retail and storage accommodation with toilet and storage accommodation to the first floor. Access is provided to the front elevation via a recessed timber pedestrian doorway.

( Agency Pilot Software ref: 35209 )

Location

Kilmarnock is situated in East Ayrshire and serves as the main administrative centre of the council. The town has a resident population of approximately 46,159 persons (Census 2011) although draws on a wider rural catchment population from surrounding towns and villages. The subjects are located on the west side of Bank Street bound by College Wynd to the north east and Bank Place to the south.

Accommodation

55.96 sq m (602 sq ft)

Terms

TENURE Freehold - £8,000 per annum is sought for the leasehold interest. Price on application for the freehold interest

RATES The current rateable value is £7,100 - The current Uniform Business Rate for the financial year 2023/2024 is 49.8p per pound of Rateable Value excluding water and sewerage charges.

USE CLASS Retail VAT The purchase price quoted is exclusive of VAT.

VAT is not currently payable upon the purchase price and any other charges.

LEGAL COSTS Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance for of doubt, the purchaser will be responsible for Land and Building Tax (LBTT), registration dues and any VAT payable thereon.

Specification

• Ground and first floor retail unit
• Prominent town centre location
• Potential for 100% rates relief