50-54 Bank Street Kilmarnock Ayrshire KA1 1ER

50-54 Bank Street
Kilmarnock
Ayrshire
KA1 1ER

Heritable Leisure Investment

  • Town Centre public house and restaurant let to Stonegate Pub Company Limited until 2031
  • Comprehensive refurbishment of accommodation completed in late 2014
  • Pedestrian links to King Street, the main retailing thoroughfare in Kilmarnock
  • Approximately 695.91 sq m (7,491 sq ft)
  • On-site car parking
  • Lot
    30
  • Auction
    12th February 2015
  • Rent
    £68,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Heritable Leisure Investment

  • Town Centre public house and restaurant let to Stonegate Pub Company Limited until 2031
  • Comprehensive refurbishment of accommodation completed in late 2014
  • Pedestrian links to King Street, the main retailing thoroughfare in Kilmarnock
  • Approximately 695.91 sq m (7,491 sq ft)
  • On-site car parking
  • Lot 30
  • Auction 12th February 2015
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
24 miles south-west of Glasgow
70 miles west of Edinburgh
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station (ScotRail)
Air
Glasgow Prestwick Airport (8 miles south), Glasgow International Airport (18 miles)
Situation

Kilmarnock is the administrative and commercial centre for East Ayrshire. The town has a population of approximately 44,000 people and a catchment population of approximately 120,000 within a six mile radius. The property is situated in a prominent location on the eastern side of Bank Street, in the heart of Kilmarnock town centre with a number of pedestrian links to King Street, the main retailing street in the town.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location
Miles
24 miles south-west of Glasgow
70 miles west of Edinburgh
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station (ScotRail)
Air
Glasgow Prestwick Airport (8 miles south), Glasgow International Airport (18 miles)
Situation

Kilmarnock is the administrative and commercial centre for East Ayrshire. The town has a population of approximately 44,000 people and a catchment population of approximately 120,000 within a six mile radius. The property is situated in a prominent location on the eastern side of Bank Street, in the heart of Kilmarnock town centre with a number of pedestrian links to King Street, the main retailing street in the town.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property consists of two fully inter-connected traditional two storey buildings fronting onto Bank Street providing a recently refurbished public house and restaurant on the ground floor with a modern extension to the rear. The first floor has been almost entirely removed to create a double height ceiling at the entrance to the property.
The service and loading area to the rear is accessed via Nelson Street and this area also provides a rear seating area as well as five car parking spaces.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis (Telephone: +44(0)131 554 1705) or Gwen Thomas (Telephone: +44 (0)20 7034 4857).

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property consists of two fully inter-connected traditional two storey buildings fronting onto Bank Street providing a recently refurbished public house and restaurant on the ground floor with a modern extension to the rear. The first floor has been almost entirely removed to create a double height ceiling at the entrance to the property.
The service and loading area to the rear is accessed via Nelson Street and this area also provides a rear seating area as well as five car parking spaces.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis (Telephone: +44(0)131 554 1705) or Gwen Thomas (Telephone: +44 (0)20 7034 4857).

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 Reviews
Ground Public House
695.91 sq m
(7,491 sq ft)
STONEGATE
PUB COMPANY
LIMITED (t/a
The First Edition)
25 years from 21/12/2006 until 20/12/2031 on a full repairing and insuring lease £68,000 21/12/2016 and
5 yearly
Totals  
695.91 sq m
(7,491 sq ft)
    £68,000

(1) Stonegate Pub Company was established in 2010 and is now the largest privately held managed pub operator in the UK, with over 600 pubs and bars across the UK including brands such as Yates’s, Slug and Lettuce, Scream and Missoula Bars. (Source: www.stonegatepubs.com 19/01/2015)

Property Documents

  • Catalogue Page
    Updated Date
    21.01.15
    File Size
    488 KB
    View PDF
  • Site Plan
    Updated Date
    21.01.15
    File Size
    112 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Anderson Bain 10 Thistle Street
Aberdeen
AB10 1XZ
Peter Anderson 01224 626 244pda@andersonbain.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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