58 Portland Street Kilmarnock East Ayrshire KA1 1JD

  • 58 Portland Street<br>Kilmarnock<br>East Ayrshire<br>KA1 1JD

58 Portland Street
Kilmarnock
East Ayrshire
KA1 1JD

Heritable Retail Investment

  • Let to Peacocks Stores Limited on a new 5 year lease
  • Located on prime pedestrianised retailing thoroughfare
  • Close to The Burns Shopping Mall
  • Nearby occupiers include Topshop, Ladbrokes, Costa and Clarks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    31
  • Auction
    16th February 2017
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Heritable Retail Investment

  • Let to Peacocks Stores Limited on a new 5 year lease
  • Located on prime pedestrianised retailing thoroughfare
  • Close to The Burns Shopping Mall
  • Nearby occupiers include Topshop, Ladbrokes, Costa and Clarks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 31
  • Auction 16th February 2017
  • Rent £30,000 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 western side of the pedestrianised Portland Street, close to the Burns Shopping Mall. Nearby occupiers include Topshop, Ladbrokes, Costa and Clarks.

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 position on the western side of the pedestrianised Portland Street, close to the Burns Shopping Mall. Nearby occupiers include Topshop, Ladbrokes, Costa and Clarks.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation, which forms part of a larger building.

VAT

VAT is applicable to this lot.

Viewings

Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191 Email: mhairi.jarvis@acuitus.co.uk.

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 unit with first floor ancillary accommodation, which forms part of a larger building.

VAT

VAT is applicable to this lot.

Viewings

Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191 Email: mhairi.jarvis@acuitus.co.uk.

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 Reversion
Ground
First		 Retail
Ancillary
573.90 sq m
219.41 sq m
(6,177 sq ft)
(2,362 sq ft)
 PEACOCKS
STORES LIMITED
(1)		 5 years from
08/11/2016 (2)		 £30,000 07/11/2021
Total  
793.31 sq m
(8,539 sq ft)
     £30,000  

1) For the year ending 27th Feb 2016, Peacocks Stores Limited reported a turnover of £369,711,000, pre-tax profits of £67,879,000 and a total net worth of £141,072,000. (Source: Experian Group 16/01/2017).
(2) The lease provides a tenant option to determine on 08/11/2019.

Contacts

Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

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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