Halifax, 30-34 King Street Kilmarnock Ayrshire KA1 1NP

Halifax, 30-34 King Street
Kilmarnock
Ayrshire
KA1 1NP

Heritable Bank Investment

  • 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
    £127,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Bank Investment

  • 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.

Property Documents

  • Catalogue Page
    Updated Date
    05.03.14
    File Size
    570 KB
    View PDF
  • Site Plan
    Updated Date
    05.03.14
    File Size
    72 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Brodies LLP 15 Atholl Crescent
Edinburgh
EH3 8HA
Victoria Smith 0131 228 3777victoria.smith@brodies.com

Useful Links

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

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