Let to Poundstretcher Properties Limited, guaranteed by Instore Limited, sublet to River Island Clothing Company Limited
Established town centre retail location
Corner unit with good footfall and exposure
Nearby occupiers include Marks & Spencer, Boots and Superdrug
Lot 49
Auction 11th July 2013
Rent £91,500 per Annum Exclusive
Status Sold
Price £580,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
12 miles north of Ayr, 22 miles south of Glasgow, 89 miles north of Carlisle
Roads
A76, M74, M77
Rail
Kilmarnock Rail Station
Air
Glasgow Airport
Situation
The property is situated in central Kilmarnock, the major commercial centre within East Ayrshire, on the corner of King Street and Queen Street, with substantial frontage on both streets.Nearby occupiers include Marks & Spencer, Boots, Superdrug and Dorothy Perkins and the property is part of the main pedestrianised retail area.
Tenure
Freehold.
Location
Miles
12 miles north of Ayr, 22 miles south of Glasgow, 89 miles north of Carlisle
Roads
A76, M74, M77
Rail
Kilmarnock Rail Station
Air
Glasgow Airport
Situation
The property is situated in central Kilmarnock, the major commercial centre within East Ayrshire, on the corner of King Street and Queen Street, with substantial frontage on both streets.Nearby occupiers include Marks & Spencer, Boots, Superdrug and Dorothy Perkins and the property is part of the main pedestrianised retail area.
Tenure
Freehold.
Description
The property comprises ground floor retail unit with two upper floors used as ancillary storage. In addition to this there is a basement used as storage.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail unit with two upper floors used as ancillary storage. In addition to this there is a basement used as storage.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
POUNDSTRETCHER PROPERTIES LTD guaranteed by Instore Limited (2) (sublet to River Island Clothing Company Limited) (1)
24 years from 14/03/1994 until 24/12/2018
£91,500
25/12/2013
Totals
1,135.30 sq m
(12,219 sq ft)
£91,500
(1) For the year ending 25th December 2010, River Island Clothing Company Limited reported a turnover of £720,328,095, a pre-tax profit of £110,793,773 and a total net worth of £115,369,979. (Source: www.riskdisk.com 14/11/2011) (2) For the year ending 31st March 2012, Instore Limited reported pre-tax profits of £317,000 and a net worth of £96,457,000. (Source: www.riskdisk.com 14/06/2013)