94-96 King Street, Kilmarnock, KA1 1PG

  • Unconditional Online Auction Sale
  • Guide Price* : £375,000

FOR SALE BY ONLINE AUCTION THURSDAY 25TH AUGUST AT 9.00AM. Vacant three floor retail corner unit on main street in Kilmarnock. Prime location for retail or office use in the heart of Kilmarnock town centre. Previously leased to Superdrug for £97,000 per annum. Total 10,570sq ft.

Description

FOR SALE BY ONLINE AUCTION THURSDAY 25TH AUGUST AT 9.00AM. Vacant three floor retail corner unit on main street in Kilmarnock. Prime location for retail or office use in the heart of Kilmarnock town centre. Previously leased to Superdrug for £97,000 per annum. Total 10,570sq ft.

The unit is set on the corner of King Street and Queen Street in central Kilmarnock - occupying a prime position on one of Kilmarnock's main streets. The property has three floors, and could potentially be used for a variety of purposes. It was previously leased by popular retail company Superdrug - there is also potential to split the property into the three levels and lease each separately, with retail premises on the ground floor and office spaces above. The ground floor has been partitioned to form a storage area along with staircases and elevator leading to the upper floors providing further storage, office, staff facilities along with training rooms.

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. Moreover, Kilmarnock benefits from having some unique buildings including the Burns monument & The Dick Institute with recreational pursuits available within Kay Park & a plethora of local golf courses. The unit is in a prime central location and benefits from heavy foot traffic. This type of property is rarely brought to market and is likely to attract substantial interest from local proprietors and shrewd property investors.

Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction.

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Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.

Key Feature 1

Three Floor Commercial Retail Unit

Key Feature 2

Vacant Possession - Previously leased at £97,000pa

Key Feature 3

10,570sq ft

* 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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