Page 32 - Shepherd Commercial Auctions - Catalogue June 2023
P. 32
Lot26 Units1-32LowGlencairnStreetK, ilmarnockA, yrshireKA1 4DD ThreeUnitRetaiIlnvestment
Features
•Fullyoccupied
•Ren£t21,666p.a. •AnattractiveNeItnitiaYlieldo1f7.0%
Accommodation
Thesubjectscomprisethreeretaiulnitsinaterraceosfimilarformingparotaftraditional twostoreystoneandslatetenement. Internallyeachotfhreeunitscompriseasalesareawithstafwfcfacilitiestotherear.
Uni1t-55.46sqm. (.597sqf.t.) Uni2t-56.10sqm. (.604sqf.t.) Uni3t-52.75sqm. (.568sqf.t.)
Location
ThesubjectsarelocatedonLowGlencairnStreeitnabusycommerciaalreatothesouth oKfilmarnocktowncentreclosebyaroadjunctioncontrolledbytrafficlights. SurroundingpropertiesintheareareoccupiedbyarangeorfetailersincludingLIDL andA1IronmongerywithaTescoSuperstorewithincloseproximity.
EnergyPerformanceRating ThepropertyhasacurrenetnergyratingoGf 153
KilmarnockistheprincipaslettlemenitntheEasAtyrshireCouncialreawitharesident
populationoafround46,500. AuctionType
Tenancy
Uni1t
Thepropertyisleftoraperiodo3fyearsfrom9thSeptember2021aatcurrenptassing renot£f7,800perannum.
Uni2t
Thepropertyisleftoraperiodo3fyearsfrom1sMtay2021aatcurrenptassingrenotf £6,666perannum.
Uni3t Thepropertyisleftoraperiodo3fyearsfrom3rdOctober2022aatcurrenptassingrent o£f7,200perannumrisingto£7,800perannumshouldthetenanntoetxercisethebreak after12months. Thecurrenrtenits£21,666perannumpotentiallyrisingto£22,226perannuminOctober 2023.
*GuidePrice£105,000(plusfeesifapplicable)
32 *PleaseseeBuyer’sTermsfordefinitionogfuideprice andauctionfees
UnconditionaSlale-Thebuyersfeeis2.4%incVAT(2%plusVAT)subject toaminimumo£f2,400incVAT(£2,000plusVAT).
