Let to Scottish & Universal Newspapers Limited t/a The Kilmarnock Standard until 2026 (subject to option)
Located at the entrance to Kilmarnock's pedestrianised retail district
Within close proximity to the main town car park and Kilmarnock Station
Nearby occupiers include Sports Direct, Peacocks and Costa
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 78
Auction 30th March 2017
Rent £15,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
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 position on the north side of Portland Street, to the main town centre car park and within close proximity to the railway station. Kilmarnock Rail Station provides services north to Glasgow and south to Carlisle. The property is also located within close proximity to the Burns Shopping Mall which houses occupiers including Argos, New Look and JD Sports. Other nearby occupiers include Sports Direct, Peacocks and Costa Coffee.
Tenure
Heritable. (Scottish Equivalent to 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 position on the north side of Portland Street, to the main town centre car park and within close proximity to the railway station. Kilmarnock Rail Station provides services north to Glasgow and south to Carlisle. The property is also located within close proximity to the Burns Shopping Mall which houses occupiers including Argos, New Look and JD Sports. Other nearby occupiers include Sports Direct, Peacocks and Costa Coffee.
Tenure
Heritable. (Scottish Equivalent to English Freehold).
Description
The property comprises a ground floor retail and office unit with first floor office and ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail and office unit with first floor office and ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Review/(Reversion)
Ground First
Retail/Office Office/Ancillary
96.66 sq m 78.23 sq m
(1,040 sq ft) (842 sq ft)
SCOTTISH & UNIVERSAL NEWSPAPERS LIMITED (1)
20 years from 26/06/2006 until 26/06/2026 (2)
£15,000
26/06/2021
Total
174.89 sq m
(1,882 sq ft)
£15,000
(1) For the year ending 31 December 2015, Scottish and Universal Newspapers Limited reported a turnover of £13,180,000, pre-tax profits of £3,898,000 and a total net worth of £13,802,000 (Source: Experian Group - 27/02/2017). Scottish & Universal Newspapers Limited is a subsidiary of Trinity Mirror Plc which is the largest national and regional multimedia content publisher in the UK, comprising national and regional newsbrands across the country. They publish more than 150 newspaper titles across the UK and Ireland, from the national presence of the Daily Mirror, the Daily Record, the Sunday Mirror to local news (Source: www.trinitymirror.com 27/02/2017). (2) The lease provides an option to determine on 26/06/2021.