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Tenanted Commercial Property

Kilmarnock, KA1 - Get Access

Description

PRIME TOWN CENTRE commercial unit within busy Kilmarnock town centre. Ready Let Investment. Currently let on F.R.I lease £14,000 Per Annum. Unit extends to approx. 4,053 Sq.Ft. Currently let on F.R.I lease to Hillhouse S.C.I.O at £14,000 Per Annum until 31st July 2024. Break option 1st August 2022. PRICED FOR FAST AUCTION SALE. Prominent location with heavy footfall/ passing trade. EXCELLENT INVESTMENT OPPORTUNITY. Nearby occupiers include Iceland, Barnardos, VPZ and Italio. 100% PRIME UNIT in popular town centre location. Approx. Internal area - Ground Floor; 1,990 Sq.Ft. First Floor; 1,907 Sq.Ft. Second Floor; 156 Sq.Ft. Total; 4,053 Sq.Ft. Kilmarnock is located approximately 22 miles south west of Glasgow, 13 miles north east of Ayr and 7 miles east of Irvine. The area is connected by the A71 and A77/M77 trunk roads. Type of Agreement: Full Repairing & Insuring (FRI). Length: until July 2024. Rent: £14,000 per year / £1,167 per month. Yield: 19% (approx). Tenant: Company.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 4,053 sq ft (Listing)

The property is a commercial unit in a town centre location. Valuation is based on the investment potential, specifically the rental income and yield. Comparable commercial investment sales were considered for yield and price per square foot analysis.

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