Page 17 - Shepherd Commercial Auctions - Catalogue 22/02/2024

Lot 13 53 Titchfield Street, Kilmarnock, Ayrshire KA1 1QS Retail Investment
Features
• Popular secondary town centre location • Current passing rent £7,200 per annum • 43.24 sq. m. (465 sq. ft.)
Accommodation
The subjects comprise the ground floor of a three storey Category ‘C’ listed tenement formed in red sandstone and brick with a pitched roof clad in tile.
The internal accommodation comprises an open plan salon area, kitchenette and staff w.c. facilities.
Location
The property is located on Titchfield Street south of its location with Fowlds Street in a busy secondary town centre location with shops occupied in the main by local traders. The prime retailing area on King Street is located a short distance to the north.
Kilmarnock is the principal settlement in the East Ayrshire Council area with a resident population of around 46,500.
Rateable Value
The property has a rateable value of £6,100 Energy Performance Rating To be confirmed.
Tenancy
The subjects are let on a 5 year lease from 14th October 2020 at a current passing rental of £7,200 per annum with a rent review at October 2024.
*Guide Price £60,000 (plus fees if applicable)
* Please see Buyer’s Terms for definition of guide price and auction fees
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,400 inc VAT(£2,000 plus VAT).
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