Located at the entrance to Kilmarnock’s pedestrianised retail district
Ground floor office unit and self-contained restaurant at first floor (A3 use)
Nearby occupiers include Gala Bingo, Kilmarnock Standard, Sports Direct and Early Learning Centre
Asset Management Opportunities
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 95
Auction 19th May 2016
Rent £30,000 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
24 miles south-west of Glasgow
Roads
A71, A76, A77, M77
Rail
Kilmarnock Rail (ScotRail)
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation
Kilmarnock is the main town and administrative centre in East Ayrshire, situated 25 miles south-west of Glasgow with excellent links via the A77/M77. The property occupies a prominent corner position on the north side of Portland Street, immediately adjacent to the main town centre car park and within close proximity to the railway station. Kilmarnock Rail Station has services north to Glasgow and south to Carlisle. Nearby occupiers include Gala Bingo, Kilmarnock Standard, Sports Direct and Early Learning Centre.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
24 miles south-west of Glasgow
Roads
A71, A76, A77, M77
Rail
Kilmarnock Rail (ScotRail)
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation
Kilmarnock is the main town and administrative centre in East Ayrshire, situated 25 miles south-west of Glasgow with excellent links via the A77/M77. The property occupies a prominent corner position on the north side of Portland Street, immediately adjacent to the main town centre car park and within close proximity to the railway station. Kilmarnock Rail Station has services north to Glasgow and south to Carlisle. Nearby occupiers include Gala Bingo, Kilmarnock Standard, Sports Direct and Early Learning Centre.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a modern corner unit with open plan office accommodation at ground floor and a self-contained restaurant at first floor (A3 use).
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis.
Telephone: +44 (0)131 552 5191.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern corner unit with open plan office accommodation at ground floor and a self-contained restaurant at first floor (A3 use).
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis.
Telephone: +44 (0)131 552 5191.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Office
420.85 sq m
(4,530 sq ft)
THE WISE GROUP (1)
11 years from 30/09/2009 (2)
£30,000
27/08/2020
First
Restaurant
386.85 sq m
(4,164 sq ft)
VACANT POSSESSION
Total
807.70 sq m
(8,694 sq ft)
£30,000
(1) For the year ending 31st December 2014, The Wise Group reported a total net worth of £3,788,000 (Source: Experian Group 21/04/2016). (2) The lease provides an option to determine on 31st August 2016. The option has been exercised by the tenant.
-257x99.jpg){kind=logo}
