King Street, Kilmarnock, Ayrshire, KA1

Prominent High Street Unit
Double Frontage
Ground & 1st Floor
Held on F.R.I Lease to Cash Generator
Expiry October 2029
Passing Rent: £25,000p.a
Price £245,000

Location

The property is located on the east side of King Street adjacent to its junction with Sandbed Lane, within the pedestrianised precinct in Kilmarnock's town centre.

Kilmarnock is the main retail centre for East Ayrshire with a resident population of c. 44,000persons with a wider catchment in excess of 150,000persons. Kilmarnock is approx 22 miles from Glasgow and is well serviced by transport links via the M77, rail connections and Glasgow and Prestwick airports within 30mins drive.

Neighbouring occupiers include Boots Pharmacy, Bank of Scotland and WH Smith.

Property

The property comprises a prominent mid-terraced commercial unit within a larger 2 storey commercial development.

The property benefits from twin display windows flanking the double door entrance of aluminium framed and glazed construction.

Internally the property is presented in the tenants corporate specifications with commercial carpet tile throughout, suspended acoustic tile ceiling with recessed L.E.D and fluorescent panels.

Access to the upper floor is via a single staircase to the rear of the demise with partitions erected to the rear to form staff room, stores and w.c with rear access to a common loading area at ground floor.

Executive Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Meecsa UK Ltd trading as Cash Generator
Passing Rent £25,000pa
Term: 26th Oct 2019 - 30th October 2029
Rent Review 1st Nov 2024 (outstanding)

Area

The property extends to the following new internal floor area;

Ground: 100.75sqm (1,084sq ft)
1st: 42.59sqm (458sq ft)

Total: 143.34sqm (1,542sq ft)

Price

The property is available on a freehold basis for £245,000.

V.A.T

Figures quoted are exclusive of V.A.T

E.P.C

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

Lease & Title

Available on request

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business