Entirely let to Halifax Limited (t/a Bank of Scotland)
Prime High Street location adjacent to Burns Shopping Mall
Nearby occupiers include W H Smith, H Samuel, Specsavers, Boots and BHS
Approximately 754 sq m (8,120 sq ft) accommodation
Six Week Completion
Tenant has offered to regear the lease (see note 2)
Lot 23
Auction 27th March 2014
Rent
Status Sold Prior
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
24 miles south-west of Glasgow, 70 miles west of Edinburgh, 150 miles north-west of Newcastle upon Tyne
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station
Air
Glasgow Prestwick Airport (8 miles), Glasgow International Airport (18 miles)
Situation
The property is situated in a prominent location on the eastern side of King Street, Kilmarnock’s prime pedestrianised retailing thoroughfare. The property lies adjacent to Burns Shopping Mall which houses occupiers including BHS, New Look, Argos, Greggs and Barclays Bank. Other nearby occupiers include Marks and Spencer, WHSmith, H Samuel, Specsavers and Boots.
Tenure
Heritable.
Location
Miles
24 miles south-west of Glasgow, 70 miles west of Edinburgh, 150 miles north-west of Newcastle upon Tyne
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station
Air
Glasgow Prestwick Airport (8 miles), Glasgow International Airport (18 miles)
Situation
The property is situated in a prominent location on the eastern side of King Street, Kilmarnock’s prime pedestrianised retailing thoroughfare. The property lies adjacent to Burns Shopping Mall which houses occupiers including BHS, New Look, Argos, Greggs and Barclays Bank. Other nearby occupiers include Marks and Spencer, WHSmith, H Samuel, Specsavers and Boots.
Tenure
Heritable.
Description
The property comprises a ground floor banking hall and office accommodation with additional office accommodation over first and second floors.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact 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 comprises a ground floor banking hall and office accommodation with additional office accommodation over first and second floors.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact 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
Review/(Reversion)
Ground
First Second
Banking Hall/Office Office Office
349 sq m
306 sq m 99 sq m
(3,760 sq ft)
(3,293 sq ft) (1,067 sq ft)
HALIFAX LIMITED (t/a Bank of Scotland) (1)
24 years 4 months from 23/02/1994 on a full repairing and insuring lease (2)
£127,000
24/06/2013 (23/06/2018) (3)
Totals
754 sq m
(8,120 sq ft)
£127,000
(1) Halifax is a division of Bank of Scotland plc which is part of Lloyds Banking Group. Lloyds Banking Group serves some 30 million customers and is the UK’s leading provider of current accounts, savings, personal loans, credit cards and mortgages (Source: www.lloydsbankinggroup.com 25/02/2014). (2)The tenant has offered to regear the lease on a 10 year certain term at the current passing rent in return for 12 months rent free. (3)The 2013 rent review is outstanding.