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48 King St
Kilmarnock KA1 1NP

Retail Property For Sale

Investment Highlights

  • Prominent town centre location
  • Nearby occupiers include M&S, WH Smith and Boots
  • National tenant covenant

Executive Summary

The property comprises a prominent mid-terraced commercial unit within a larger 2 storey commercial development. The property benefits from twin display windows flanking the double door entrance of aluminium framed and glazed construction. Internally the property is presented in the tenant’s corporate specifications with commercial carpet tile throughout, suspended acoustic tile ceiling with recessed L.E.D. and fluorescent panels. Access to the upper floor is via a single staircase to the rear of the demise with partitions erected to the rear to form staff room, stores and w.c. with rear access to a common loading area at ground floor.
The property is let to Sportswift Ltd t/a “The Card Factory” who have been in occupation since 2008 and have recently extended their lease unit 22nd March 2028 at a current passing rent of £20,000 per annum. The lease includes a tenant break option in March 2026.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,461 SF
Building Class
B
Year Built
1973
Price
£215,000
Price Per SF
£147
Net Initial Yield
8.96%
NOI
£19,264
Tenancy
Single
Number of Floors
2
Building FAR
1.83
Lot Size
0.02 AC
Frontage
30 ft on King Street

Amenities

  • Storage Space
  • Listing ID: 28700274

  • Date on Market: 08/06/2023

  • Last Updated:

  • Address: 48 King St, Kilmarnock KA1 1NP

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