Your email has been sent.
90 Titchfield St 674 SF Retail Condo Unit Offered at $100,101 in Kilmarnock KA1 1PH
INVESTMENT HIGHLIGHTS
- Long established tenant
- Let until July 2028 at a passing rent of £8,000 per annum
- Public car-park nearby
EXECUTIVE SUMMARY
The subjects comprise a ground floor, mid-terraced retail unit within a three-storey traditional block housing residential accommodation above. The subjects benefit from a single glazed frontage with security grilles incorporating a single recessed timber doorway. The subject property is prominently situated to the East of Titchfield Street adjacent to the popular Galleon Centre within Kilmarnock town centre. The location forms part of the principle retail area within the town centre and is situated within walking distance of Kilmarnock railway and bus stations. The surrounding area is principally of retail use with surrounding occupiers including a mix of local and national traders.
PROPERTY FACTS
| Total Building Size | 1,200 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,200 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1880 |
| Building Class | B | Lot Size | 0.03 AC |
| Total Building Size | 1,200 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 1,200 SF |
| Year Built | 1880 |
| Lot Size | 0.03 AC |
AMENITIES
- 24 Hour Access
1 UNIT AVAILABLE
Unit 90
| Unit Size | 674 SF | Sale Type | Investment |
| Price | $100,101 | Tenure | Freehold |
| Price Per SF | $148.52 | Cap Rate | 10.48% |
| Condo Use | Retail | NOI | $10,490.63 |
| Unit Size | 674 SF |
| Price | $100,101 |
| Price Per SF | $148.52 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 10.48% |
| NOI | $10,490.63 |
DESCRIPTION
Internally, walls are timber panelled, papered and painted in finish whilst floors are of suspended timber type, finished in carpet and linoleum. The accommodation extends to front shop/display area, partitioned workshop/office, rear store and WC with a further rear workshop off the rear store.
SALE NOTES
Offers in excess of £75,000 are invited for the freehold with the benefit of the existing lease, representing a Net Initial Yield of 10.48%, accounting for LBTT and
purchasers costs of 1.8%.
Interior
NEARBY MAJOR RETAILERS
Presented by
90 Titchfield St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.