28 Grange Street, Kilmarnock, East Ayrshire, KA1 2DD

  • Unconditional Online Auction Sale
  • Guide Price* : £80,000

FOR SALE BY ONLINE AUCTION THURSDAY 14TH JULY AT 9.00AM. Portfolio of three commercial premises, currently tenanted. Current rental income of £8,000 per annum, providing a yield of 10% at Guide Price. Great opportunity to acquire a turnkey investment portfolio.

Description

FOR SALE BY ONLINE AUCTION THURSDAY 14TH JULY AT 9.00AM. Portfolio of three commercial premises, currently tenanted. Current rental income of £8,000 per annum, providing a yield of 10% at Guide Price. Great opportunity to acquire a turnkey investment portfolio.

• The portfolio includes three units on the corner of Grange Street and Nelson Street, in Kilmarnock town centre:

28a Grange Street, 28b Grange Street, and 1 Nelson Street are currently occupied by Nanny Mary's Desserts LTD - an established dessert parlour with three locations in Kilmarnock, Ayr and Troon - providing a rental income of £8,000 per annum.

• 50-54 Bank Street Sold £800k (June 16)*** 37 Bank Street Sold £245k*** 62 Bank Street Sold £120k*** Seldom available opportunity to acquire a high yielding freehold commercial property in this popular location***

• Kilmarnock is the main retail & administrative centre for East Ayrshire with a population of circa 44,000 people and a catchment of circa 150,000***

• This property is within the attractive & sought after conservation district in the popular town centre of Kilmarnock***Attractive multi-unit commercial investment***

Excellent turnkey investment opportunity with estimated 10% yield at guide price*** Great auction property and ideal portfolio acquisition for private property investor***MUST BE SOLD AT AUCTION***

Kilmarnock is the main retail centre for East Ayrshire with a resident population of c. 44,000 persons with a wider catchment in excess of 150,000 persons. Kilmarnock is approximately 22 miles from Glasgow and is well serviced by transport links via the M77, rail connections and Glasgow and Prestwick airports within 30mins drive.*** This property is within walking distance to Kilmarnock train station & Ayrshire College*** Auctioneers Comment: “This is a rare opportunity to acquire a well-performing commercial portfolio, currently occupied by an established brand in the area with an additional vacant unit - we expect a high level of interest"

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Key Feature 1

Portfolio of Tenanted Commercial Units in Kilmarnock

Key Feature 2

Currently tenanted at £8,000 per annum/Yield of 10% at Guide Price

Key Feature 3

Great Opportunity to Acquire a Turnkey Investment Portfolio

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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