Halifax, 30-34 King Street Kilmarnock Ayrshire KA1 1NP

Halifax, 30-34 King Street
Kilmarnock
Ayrshire
KA1 1NP

Heritable Bank Investment

Entirely let to Halifax Limited (t/a Bank of Scotland)
Prime High Street location adjacent to Burns Shopping Mall
Nearby occupiers include W H Smith, H Samuel, Specsavers, Boots and BHS
Approximately 754 sq m (8,120 sq ft) accommodation
Six Week Completion
Tenant has offered to regear the lease (see note 2)

Lot
23
Auction
27th March 2014
Rent
£127,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Heritable Bank Investment

Entirely let to Halifax Limited (t/a Bank of Scotland)
Prime High Street location adjacent to Burns Shopping Mall
Nearby occupiers include W H Smith, H Samuel, Specsavers, Boots and BHS
Approximately 754 sq m (8,120 sq ft) accommodation
Six Week Completion
Tenant has offered to regear the lease (see note 2)

Lot 23
Auction 27th March 2014
Rent £127,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 24 miles south-west of Glasgow, 70 miles west of Edinburgh, 150 miles north-west of Newcastle upon Tyne
Roads: A71, A76, A77, M77
Rail: Kilmarnock Railway Station
Air: Glasgow Prestwick Airport (8 miles), Glasgow International Airport (18 miles)

Situation

The property is situated in a prominent location on the eastern side of King Street, Kilmarnock’s prime pedestrianised retailing thoroughfare. The property lies adjacent to Burns Shopping Mall which houses occupiers including BHS, New Look, Argos, Greggs and Barclays Bank. Other nearby occupiers include Marks and Spencer, WHSmith, H Samuel, Specsavers and Boots.

Tenure

Heritable.

Location

Miles: 24 miles south-west of Glasgow, 70 miles west of Edinburgh, 150 miles north-west of Newcastle upon Tyne
Roads: A71, A76, A77, M77
Rail: Kilmarnock Railway Station
Air: Glasgow Prestwick Airport (8 miles), Glasgow International Airport (18 miles)

Situation

Tenure

Heritable.

Description

The property comprises a ground floor banking hall and office accommodation with additional office accommodation over first and second floors.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor banking hall and office accommodation with additional office accommodation over first and second floors.

VAT

VAT is applicable to this lot.

Viewings

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground First Second	Banking Hall/Office Office Office	349 sq m 306 sq m 99 sq m	(3,760 sq ft) (3,293 sq ft) (1,067 sq ft)	HALIFAX LIMITED (t/a Bank of Scotland) (1)	24 years 4 months from 23/02/1994 on a full repairing and insuring lease (2)	£127,000	24/06/2013 (23/06/2018) (3)
Totals		754 sq m	(8,120 sq ft)			£127,000

(1) Halifax is a division of Bank of Scotland plc which is part of Lloyds Banking Group. Lloyds Banking Group serves some 30 million customers and is the UK’s leading provider of current accounts, savings, personal loans, credit cards and mortgages (Source: www.lloydsbankinggroup.com 25/02/2014).
(2)The tenant has offered to regear the lease on a 10 year certain term at the current passing rent in return for 12 months rent free.
(3)The 2013 rent review is outstanding.