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Lot 20

Guide Price: £89,000 - Bid Now

104-106 King Street, Kilmarnock, Ayrshire, KA1 1PG


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Key Features:

100% PRIME COMMERCIAL UNIT was sold for £372,500 pre repossession 3,162 square feet over ground 1st and rear store - next door to River Island, Superdrug, Marks and Spencer facing Subway and TSB Bank.


  • SUPER PRICE was let for £40,000 p.a. Excellent frontage. Total area - 3,162 sq feet. Ground Floor: 1594 square feet. Open plan retail unit with store and loading bay to the rear of the main building.
  • Will appeal to national tenants. Next door to RIVER ISLAND with Marks and Spencer's less than 100 metres away. Both Kilmarnock Railway Station and Bus Station are located within close proximity.
  • ***Very low price as sale as per instructions of asset management company.**** ALSO HIGHLY VISIBLE to the considerable car traffic travelling along nearby Tichfield Street.
  • Kilmarnock is located approximately 22 miles south west of Glasgow, 13 miles north east of Ayr and 7 miles east of Irvine connected by A71 and A77/M77 trunk roads.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

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- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.


Full Details:

RARE 100% PRIME TOWN CENTRE LOCATION. Ideally Located within Kilmarnock Town Centre Located on a Busy Main Thoroughfare Adjacent to a Number of National Retailers Including: TSB Bank, River Island, Greggs, Barrhead Travel and Boots. Excellent frontage. 100% PRIME COMMERCIAL UNIT was sold for £372,500 pre repossession 3,162 square feet over ground 1st and rear store - next door to River Island, Superdrug, Marks and Spencer. Was Let for £40,000 per annum historically **PRICED FOR A GUARANTEED SALE ***Hot food/ restaurant consent has been applied for Nov 2018***Rental potential £26-30,000 p.a. SUPER PRICE was let for £40,000 p.a. Excellent frontage. Total area - 3,162 sq feet. Ground Floor: 1594 square feet. Open plan retail unit with store and loading bay to the rear of the main building and separate external rear store. First Floor 1042 square feet - Two separate open plan storage areas with ancillary staff/kitchen and toilet facilities + Rear Store 526 sq feet. Super size. PRIME LOCATION Next door to RIVER ISLAND with Marks and Spencer's less than 100 metres away. Both Kilmarnock Railway Station and Bus Station are located within close proximity, as are public car parking facilities. ***Was marketed via GRAHAM and SIBBALD for £42,500 per annum.***Very low price as sale as per instructions of asset management company.**** ALSO HIGHLY VISIBLE to the considerable car traffic travelling along nearby Tichfield Street. Would generate a fantastic rental return. PRIME SITE.**Hot food/ restaurant consent has been applied for Nov 2018.** THIS PROPERTY HAS BEEN PRICED TO SELL FAST*****THIS PROPERTY WAS SOLD FOR £372,500.

Guide Price: £89,000 - Bid Now


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Bid Now Explained...

You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Map & Location:


100% PRIME SPOT. Other occupiers in very close vicinity are River Island (next door), Subway, Barrhead Travel, TSB and The Money Shop. Kilmarnock is located approximately 22 miles south west of Glasgow, 13 miles north east of Ayr and 7 miles east of Irvine connected by A71 and A77/M77 trunk roads. King Street is the main retailing thoroughfare in the town centre. Given size likely to appeal to various national and local retailers.

Viewings:


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    04 February 2019


  • Start Time...

    7.30pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

Glasgow Radisson | Edinburgh Marriott


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form