Royal Bank of Scotland 96 John Finnie Street Kilmarnock Ayrshire KA1 1NY

Royal Bank of Scotland
96 John Finnie Street
Kilmarnock
Ayrshire
KA1 1NY

Heritable Bank Investment with Vacant Upper Parts

Predominantly let to The Royal Bank of Scotland plc until 2028 (No breaks)
Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
Option to extend lease for a further 20 years
Vacant possession of first floor with potential change of use (subject to consents)
VAT-free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
58
Auction
21st May 2015
Rent
£66,987 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

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Heritable Bank Investment with Vacant Upper Parts

Predominantly let to The Royal Bank of Scotland plc until 2028 (No breaks)
Rent reviewed to the higher of Open Market Rental Value or a fixed rental increase of 3.75% in 2021
Option to extend lease for a further 20 years
Vacant possession of first floor with potential change of use (subject to consents)
VAT-free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 58
Auction 21st May 2015
Rent £66,987 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 24 miles south-west of Glasgow
Roads: A71, A76, A77, M77
Rail: Kilmarnock Railway Station (ScotRail)
Air: Glasgow Prestwick Airport, Glasgow International Airport

Situation

The property is situated in a prominent corner position at the junction of John Finnie Street and Bank Place in Kilmarnock town centre. Nearby occupiers include the Post Office & Royal Mail Sorting Office, Co-Operative Funeral Care, Countrywide Estate Agents and a number of independent retailers.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 24 miles south-west of Glasgow
Roads: A71, A76, A77, M77
Rail: Kilmarnock Railway Station (ScotRail)
Air: Glasgow Prestwick Airport, Glasgow International Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor banking hall with ancillary accommodation in the basement, mezzanine floors and self-contained office accommodation on the first floor. The property benefits from secure basement car parking for approximately 10 cars.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers prior to the viewing date and provide identification on site. Please contact Mhairi Jarvis. Email: mhairi.jarvis@acuitus.co.uk

EPC

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

Description

VAT

VAT is not 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	Reviews
Basement Ground Mezzanine	Ancillary Banking Hall Ancillary	124.77 sq m 672.60 sq m 180.78 sq m	(1,343 sq ft) (7,240 sq ft) (1,946 sq ft)	THE ROYAL BANK OF SCOTLAND PLC (1)	Approx 20 years from 13/12/2006 until 11/12/2026	£66,987	11/12/2021 (2)
First	Office	764.94 sq m	(8,234 sq ft)	VACANT POSSESSION	-	-	-
Totals		1,743.09 sq m	(18,763 sq ft)			£66,987

(1) Royal Bank of Scotland has over 17 million customers in the UK and is the largest SME Bank in the UK with over 1.1 million customers. (Source: www.rbs.com)
(2)The lease provides for the rent to be reviewed at the next rent review on 11th December 2021 to the higher of Open Market Rental Value or a fixed rental increase of 3.75%.