Pedestrianised town centre location adjacent to Marks & Spencer
Close to The Burns Shopping Mall
Nearby occupiers include New Look, WH Smith, Vodafone and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 17
Auction 30th March 2017
Rent £75,000 per Annum Exclusive
Status Sold
Price £810,000
Sector High Street Retail
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 Railway Station
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation
The property is prominently situated on the east side of pedestrianised King Street, adjacent to Marks & Spencer and close to The Burns Shopping Mall in the heart of the town centre. Nearby occupiers include New Look, WH Smith, Vodafone and Superdrug.
Tenure
Heritable. (Scottish equivalent of English freehold) .
Location
Miles
24 miles south-west of Glasgow
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation
The property is prominently situated on the east side of pedestrianised King Street, adjacent to Marks & Spencer and close to The Burns Shopping Mall in the heart of the town centre. Nearby occupiers include New Look, WH Smith, Vodafone and Superdrug.
Tenure
Heritable. (Scottish equivalent of English freehold) .
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
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
Review/(Reversion)
Ground First Second
Retail/Ancillary Ancillary Ancillary
567.90 sq m 483.73 sq m 66.15 sq m
(6,113 sq ft) (5,207 sq ft) (712 sq ft)
BOOTS UK LIMITED (1)
10 years from 28/02/2015 on a full repairing and insuring lease
£75,000
28/02/2020 (27/02/2025)
Total
1,117.78 sq m
(12,032 sq ft)
£75,000
(1) For the year ending 31st August 2015, Boots UK Limited reported a turnover of £9,198,000,000, pre-tax profits of £542,000,000 and a total net worth of £367,000,000 (Source: Experian Group 03/03/2017).