Page 36 - Shepherd Commercial Auctions - Catalogue 07/12/2023

Lot 25 65 Titchfield Street, Kilmarnock, Ayrshire KA1 1QS Retail Investment
Features
• Popular secondary town centre location • Current passing rent £7,500 per annum • 42.48 sq. m. (457 sq. ft.)
Accommodation
The subjects comprise the ground floor of a three storey Category ‘C’ listed tenement formed in red sandstone and brick with a pitched roof clad in tile.
The internal accommodation comprises a sales area, storage and staff w.c. facilities.
Location
The property is located on Titchfield Street south of its location with Fowlds Street in a busy secondary town centre location with shops occupied in the main by local traders. The prime retailing area on King Street is located a short distance to the north.
Kilmarnock is the principal settlement in the East Ayrshire Council area with a resident population of around 46,500.
Rateable Value
The property has a rateable value of £6,700.
Energy Performance Rating The property has an energy rating of F.
Tenancy
The subjects are let to Payne & Daughters on a 5 year lease from 1st October 2020 at a current passing rental of £7,500 per annum with no tenant breaks before expiry and rent review at 28th September 2024.
*Guide Price £60,000 (plus fees if applicable)
36 * Please see Buyer’s Terms for definition of guide price and auction fees
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,400 inc VAT(£2,000 plus VAT).