45 - 55 King Street Kilmarnock East Ayrshire KA1 1PT

45 - 55 King Street
Kilmarnock
East Ayrshire
KA1 1PT

Substantial Heritable Retail Parade Investment

Comprises a parade of three adjoining retail units - totalling approximately 30,136 sq ft
Let to tenants trading as Savers and Clintons
Pedestrianised town centre location
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
75
Auction
30th March 2017
Rent
£85,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Substantial Heritable Retail Parade Investment

Comprises a parade of three adjoining retail units - totalling approximately 30,136 sq ft
Let to tenants trading as Savers and Clintons
Pedestrianised town centre location
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 75
Auction 30th March 2017
Rent £85,000 per Annum Exclusive
Status Sold Post
Price
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 west 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

Tenure

Heritable. (Scottish Equivalent of English Freehold) .

Description

The property comprises three adjoining ground floor retail units with ancillary accommodation in the basement, 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 three adjoining ground floor retail units with ancillary accommodation in the basement, 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

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
45-47	Ground Basement First Second	Retail/Ancillary Ancillary Ancillary Ancillary	214.24 sq m 160.59 sq m 231.27 sq m 224.39 sq m	(2,306 sq ft) (1,729 sq ft) (2,489 sq ft) (2,415 sq ft)	KRUIDVAT REAL ESTATE UK LIMITED (1) t/a Savers	1 year from 01/07/2014	£20,000	30/06/2017 (3)
49-51	Ground Basement First Second	Retail/Ancillary Ancillary Ancillary Ancillary	304.95 sq m 100.71 sq m 376.11 sq m 329.12 sq m	(3,283 sq ft) (1,084 sq ft) (4,049 sq ft) (3,543 sq ft)	VACANT
49-51	Ground Basement First Second	Retail/Ancillary Ancillary Ancillary Ancillary	238.54 sq m 169.43 sq m 234.75 sq m 215.54 sq m	(2,568 sq ft) (1,824 sq ft) (2,526 sq ft) (2,320 sq ft)	AG RETAIL CARDS LIMITED (2) t/a Clintons	5 years from 16/09/2013	£65,000	15/09/2018
Total			2,799.64 sq m	(30,136 sq ft)			£85,000

(1) Savers was established in 1996 and is a leading retailer of discount health and beauty products, operating over 380 stores throughout the UK (www.savers.co.uk).
(2) Clintons is the trading name of AG Retail Cards Limited. Clintons was established in 1968 and is a leading retailer of cards and gifts, operating over 400 stores throughout the UK (www.clintonsretail.com)
(3) Under Scottish law, the lease will continue year on year on the same terms and conditions until the next anniversary, which will be the 1st July 2017. If either the tenant or the landlord wish to terminate the lease, they must serve a notice to quit 40 clear days prior to the anniversary.