FOR SALE BY ONLINE AUCTION THURSDAY 21ST SEPTEMBER 2023 AT 9.00AM. Entire first and second floor of tenement in Kilmarnock. Previously converted into office units, with planning permission to convert to 2 X 1 bedroom and 2 x 2 bedroom flats. Incredible development opportunity.
The property is comprised of two floors, made up of six office units.
Planning permission can be found on the East Ayrshire Council Planning Portal here: https://eplanning.east-ayrshire.gov.uk/online/applicationDetails.do?activeTab=documents&keyVal=R2YUDOGFJUP00
Flat 55a and 55b would be comprised of an entrance hallway, large bedroom with storage cupboard, shower room with toilet, and kitchen/lounge.
Flat 55c and 55d would be comprised of L-shaped hallway with storage cupboard, two large bedrooms each with additional storage cupboard, shower room with toilet, kitchen, and lounge.
Potential end-market rental income of 1 bedroom flat in the region of £450pcm, and 2 bedroom flat in the region of £650 - providing £2,200pcm with all 4 units converted and occupied.
Nearby Sales include:
- 104 Titchfield Street - sold for £58,000 Apr 23
- 27 Titchfield Street - sold for £68,000 May 22
- 1 Titchfield Street - sold for £80,200 Mar 22
- 25 Titchfield Street - sold for £110,000 Jul 20
Kilmarnock is the administrative district for East Ayrshire and is one of Scotland’s most populated districts. The town is well serviced with primary, secondary & further education facilities. Transport links are fantastic with Train Station & The upgraded M77 Motorway linking both Glasgow City Centre & Prestwick International Airport with the local areas making Kilmarnock a popular commuter district. The town has a population of roughly 46,770 with a strong tenant base. With the nearby Kilmarnock campus of Ayrshire College and the University of the West of Scotland in the neighbouring town of Ayr, there will be plenty of students looking for accommodation.
To view legal documents relating to this property please visit our website.
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Entire First and Second Floor of Tenement Building in Kilmarnock
Planning Permission Granted to Revert to Residential
Ability to Turn into 2 One Bedroom and 2 Two Bedroom Flats
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