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.
