98-100, KIng Street Kilmarnock Ayreshire KA1 1PG

98-100, KIng Street
Kilmarnock
Ayreshire
KA1 1PG

Heritable Retail Investment

  • 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
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • 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
  • 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.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Basement
Ground
First
Second

Ancillary
Retail
Ancillary
Ancillary
94.02 sq m
340.13 sq m
355.00 sq m
346.15 sq m
(1,102 sq ft)
(3,661 sq ft)
(3,821 sq ft)
(3,725 sq ft)
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)

Property Documents

  • Site Plan
    Updated Date
    19.06.13
    File Size
    83 KB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.13
    File Size
    543 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Paull & Williamsons LLP Union Plaza, Union Wynd
Aberdeen
AB10 1DQ
Leslie Currie +44 (0)1224 621621lecurrie@paull-williamsons.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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