Retail/Office Premises For Sale in Prominent Town Centre Location

Key Information

• Unique town centre location
• Dedicated car park
• Subject to ground lease at £8,000 p.a.
• 837.36 sq m (9,014 sq ft)

Property Description

The subjects comprise a two storey detached building of concrete frame construction with cavity brick outer walls partly roughcast externally under a flat roof. The retail accommodation at ground floor level benefits from a part aluminium glazed, part UPVC double glazed frontage with central double recessed aluminium double glazed doors. A staircase to the north west elevation at ground floor provides access to the first floor accommodation. The property is situated on a sloped site, thus the upper floor accommodation is actually accessed from the ground floor level to the rear elevation. The upper floor accommodation has been further sub-divided. A tarmac surfaced dedicated car park pertains to the rear elevation and is accessed via double metal gates and surrounded by fencing. The building is owned on an absolute ownership basis, however it is subject to a ground lease over the site from 15th May 1970 to 14th May 2029. We are advised by the ground landlord that an extension to the ground lease is available under separate negotiation at a revised ground rent of £8,000 p.a. The ground lease is not capable of purchase.

Kilmarnock is situated within East Ayrshire and serves as the main administrative centre of the Council. The town has a resident population of approximately 46,159 persons (Census 2011) and draws on a wider rural catchment and population of surrounding towns and villages. Kilmarnock is situated approximately 7 miles east of Irvine and 13 miles north west of Ayr and 25 miles south west of Glasgow connected by the A71 and A77/M77 trunk roads respectively. The A77/M77 provide direct access to Glasgow and the Scottish motorway network. The subjects are situated on the north of Kilmarnock town centre and more specifically on the north side of Langlands Brae to the west of its junction with John Finnie Street and West George Street. The property lies adjacent to Kilmarnock Railway Station which is situated to the north of the subjects. The surrounding properties are generally commercial in nature.