62 - 70 King Street Kilmarnock East Ayrshire KA1 1PA

  • 62 - 70 King Street<br>Kilmarnock<br>East Ayrshire<br>KA1 1PA

62 - 70 King Street
Kilmarnock
East Ayrshire
KA1 1PA

Heritable Retail Investment

  • Let to Boots UK Limited until 2025 (no breaks)
  • Pedestrianised town centre location adjacent to Marks & Spencer
  • Close to The Burns Shopping Mall
  • Nearby occupiers include New Look, WH Smith, Vodafone and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    17
  • Auction
    30th March 2017
  • Rent
    £75,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £810,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Heritable Retail Investment

  • Let to Boots UK Limited until 2025 (no breaks)
  • Pedestrianised town centre location adjacent to Marks & Spencer
  • Close to The Burns Shopping Mall
  • Nearby occupiers include New Look, WH Smith, Vodafone and Superdrug
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 17
  • Auction 30th March 2017
  • Rent £75,000 per Annum Exclusive
  • Status Sold
  • Price £810,000
  • Sector
    High Street Retail
  • Auction Venue
    The 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
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation

The property is prominently situated on the east side of pedestrianised King Street, adjacent to Marks & Spencer and close to The Burns Shopping Mall in the heart of the town centre. Nearby occupiers include New Look, WH Smith, Vodafone and Superdrug.

Tenure

Heritable. (Scottish equivalent of English freehold) .

Location
Miles
24 miles south-west of Glasgow
Roads
A71, A76, A77, M77
Rail
Kilmarnock Railway Station
Air
Glasgow Prestwick Airport, Glasgow International Airport
Situation

The property is prominently situated on the east side of pedestrianised King Street, adjacent to Marks & Spencer and close to The Burns Shopping Mall in the heart of the town centre. Nearby occupiers include New Look, WH Smith, Vodafone and Superdrug.

Tenure

Heritable. (Scottish equivalent of English freehold) .

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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
 Retail/Ancillary
Ancillary
Ancillary
567.90 sq m
483.73 sq m
66.15 sq m
(6,113 sq ft)
(5,207 sq ft)
(712 sq ft)
 BOOTS UK
LIMITED (1)
 10 years from 28/02/2015 on a full
repairing and
insuring lease
 £75,000
 28/02/2020
(27/02/2025)
Total  
1,117.78 sq m
(12,032 sq ft)
     £75,000
  

(1) For the year ending 31st August 2015, Boots UK Limited reported a turnover of £9,198,000,000, pre-tax profits of £542,000,000 and a total net worth of £367,000,000 (Source: Experian Group 03/03/2017).

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Lindsays Caledonian Exchange, 19A Canning Street
Edinburgh
EH3 8HE
Derek Nash 07316 565 734dereknash@lindsays.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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