Page 24 - Shepherd Commercial Auction June 2022

Lot 26
39 King Street, Kilmarnock KA1 1PT
Features:
• Potential Net Yield of 12.6% at the current Guide Price
• Current passing rent of £19,000 per annum, the lease expiry date is 14th October 2022.
• Accommodation: 63.66 sq m
• Ratable Value: 8,800
Description:
The subjects comprise small lock up shop unit fitted in the corporate style of the tenant Ramsdens Financial Services. Internally the subjects include a retail area with staff and w.c. facilities to the rear. The subjects are located in a prime retailing location on Kilmarnock’s pedestrianised King Street with nearby occupiers including a range of national multiples.
Location:
The subjects are located in a prime retailing location on Kilmarnock’s pedestrianised King Street with nearby occupiers including a range of national multiples including Specsavers, W H Smith and Bank of Scotland.
Lease
The property is let to Ramsdens Financial Services for a period of 10 years from October 2012 at a current passing rent of £19,000 per annum, the lease expiry date is 14th October 2022.
Energy Efficiency Rating: G Tenure: See Legal Pack
Viewing:
Viewings by arrangement with Shepherd Commercial Property Auctions -Tel: 01292 267987 Email: kevin.bell@shepherd.co.uk
Auction Type: Unconditional Sale. The buyers fee is 1.5% plus VAT (1.8% including VAT) subject to a minimum of £2,500 plus VAT (£3,000 including VAT)
*Guide Price £150,000+ (plus fees)
24 | *PleaseseeBuyer’sTermsfordefinitionofguideprice and auction fees
ClosingdatefornextAuction:7thMay2020-EntriesInvited