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14-16 Portland Street & 2-6 Croft Street Portland Street, Kilmarnock, KA1 1HZ

£ 20,000 pa / 2,930 sq ft
14-16 Portland Street & 2-6 Croft Street, Kilmarnock - Picture 2019-01-15-11-43-59
Use Class

Use Class

E(a)

Size

Size

2,930 sq ft

Rent pa

Rent pa

£20,000

Price

Price

£275,000

RETAIL UNIT - FOR SALE/MAY LET (Part Investment)

The subjects comprise a modern fitted retail unit.

  • Prominent corner, town centre location

  • New Look, Sports Direct, Clarks and Costa nearby

  • Located opposite Burns Precinct

  • Close to public transport - Kilmarnock Bus Station and Rail Station

  • £11,000 per annum rental income from Ladbrokes

Kilmarnock is located in East Ayrshire and is the principal administrative centre for East Ayrshire Council. The town lies approximately 23 miles south west of Glasgow and 11 miles north east of Ayr. The retail unit is situated on Portland Street at the top end of King Street at its junction with The Cross and within a pedestrianised area. Nearby occupiers include New Look, Sports Direct, Peacocks, Costa and Clarks, along with a number of local traders.

Key Information

Viewing

Strictly by appointment.

Accommodation

2,930 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor
2,930
272

Financial

Lease Type

New Lease

Lease Term

The property is available either by way of a new effectively full repairing and insuring lease for a term to be agreed, or a freehold sale. INVESTMENT LEASE Part of the ground floor (2-6 Croft Street) totalling 1,298 sq ft approx. is let separately to Ladbrokes until 8th May 2021 at a rental of £11,000 per annum. Further details on request.

Rent

Subject to contract, rental offers are invited in the region of £20000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Tenure

Freehold / Leasehold - The property is available either by way of a new effectively full repairing and insuring lease for a term to be agreed, or a freehold sale.

Rates

Rateable Year:
2018
Rateable Value:
£45,000.00
Rates payable:
£21,600.00
UBR:
48p/£

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 18/01/2022