27 Portland Street Kilmarnock KA1 1JJ

  • 27 Portland Street<br>Kilmarnock<br>KA1 1JJ

27 Portland Street
Kilmarnock
KA1 1JJ

Prominent Office Investment

  • 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
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Prominent Office Investment

  • 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.

Contacts

Associate AuctioneersGraeme Miller +44(0)131 225 1559graeme.miller@g-s.co.uk
Seller's Solicitors
DLA Piper LLP Rutland Square
Edinburgh
EH1 2AA
Scott Ferrier 0131 242 5078scott.ferrier@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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