7 Bank Place, Kilmarnock, Ayrshire, KA1 1HJ

  • Unconditional Online Auction Sale
  • Guide Price* : £30,000

FOR SALE BY ONLINE AUCTION THURSDAY 25TH AUGUST AT 9.00AM. Tenanted commercial premises in Kilmarnock town centre. Currently tenanted by tattoo parlour, at £7,200 per annum, providing a fantastic yield of 24% at Guide Price. Incredible turnkey investment opportunity.

Description

FOR SALE BY ONLINE AUCTION THURSDAY 25TH AUGUST AT 9.00AM. Tenanted commercial premises in Kilmarnock town centre. Currently tenanted by tattoo parlour, at £7,200 per annum, providing a fantastic yield of 24% at Guide Price. Incredible turnkey investment opportunity.

A first floor tattoo studio, currently tenanted at £7,200 per annum. Circa 135.9sqm.

• 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***

Priced to sell at an incredible yield of 24% 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 fantastic opportunity to acquire a fully-formed turnkey commercial investment in and of itself, or to add to an existing collection of properties. The property is priced incredibly well with a very attractive yield rate - we expect a good deal of interest in this lot"

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Key Feature 1

Tenanted Commercial First Floor Unit

Key Feature 2

Currently Tenanted by Tattoo Studio

Key Feature 3

Current Rental Income of £7,200 per annum/Yield of 24% at Guide Price

* 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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