54 King Street Kilmarnock East Ayrshire KA1 1NP

  • 54 King Street<br>Kilmarnock<br>East Ayrshire<br>KA1 1NP

54 King Street
Kilmarnock
East Ayrshire
KA1 1NP

Heritable Retail Investment

  • Let to Boots Opticians Professional Services Limited on a renewed lease until 2025 (subject to option)
  • Pedestrianised town centre location
  • Close to The Burns Shopping Mall
  • Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Vodafone and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    41
  • Auction
    30th March 2017
  • Rent
    £21,050 per Annum Exclusive
  • Status
    Sold
  • Price
    £230,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Retail Investment

  • Let to Boots Opticians Professional Services Limited on a renewed lease until 2025 (subject to option)
  • Pedestrianised town centre location
  • Close to The Burns Shopping Mall
  • Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Vodafone and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 41
  • Auction 30th March 2017
  • Rent £21,050 per Annum Exclusive
  • Status Sold
  • Price £230,000
  • 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, close to The Burns Shopping Mall in the heart of the town centre. Nearby occupiers include Marks & Spencer, Boots the Chemist, 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, close to The Burns Shopping Mall in the heart of the town centre. Nearby occupiers include Marks & Spencer, Boots the Chemist, 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 floor.

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 floor.

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 Rent Review/(Reversion)
Ground
First
 Retail/Ancillary
Ancillary
94.85 sq m
24.99 sq m
(1,021 sq ft)
(269 sq ft)
 BOOTS OPTICIANS PROFESSIONAL
SERVICES LIMITED
(1)
 10 years from
28/02/2015 on a full
repairing and
insuring lease (2)
 £21,050
 28/02/2020
(27/02/2025)
Total  
119.84 sq m
(1,290 sq ft)
     £21,050
  

(1) For the year ending 31st August 2015, Boots Opticians Professional Services Limited reported a turnover of £391,067,000, pre-tax profits of £39,176,000 and a total net worth of £82,691,000 (Source: Experian Group 03/03/2017).
(2) The lease is subject to a tenant option to determine on 28th February 2020.

Contacts

Seller's Solicitors
Lindsays Caledonian Exchange, 19A Canning Street
Edinburgh
EH3 8HE
Derek Nash 07316 565 734dereknash@lindsays.co.uk

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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