Commercial property for auction
32, 32A & 32B Grange Street, Kilmarnock
***GOING TO AUCTION*** Brighton & Beck Property Group are proud to offer to Online Auction this commercial development opportunity located within close proximity to the Town Centre of Kilmarnock. This unique opportunity froms 30-32A Grange Street and totals 1,880 Sqft in a mid-terrace sandstone building. The premises is formed over three levels and is split into 2 x Office/Retail Units on ground level and 5 x Cellular offices on the upper levels which form excellent potential for development.
Ground Floor- 974 Sqft
1 x Office/Retail Unit (Class 2) comprising main office with separate street entrance, back office, kitchen and WC.
1 x Office/Retail Unit (Class 2) comprising main office with access via adjoining entrance, back office and disabled WC.
First Floor- 614 Sqft
3 x Cellular offices with a kitchen and shower room.
Second Floor- 292 Sqft
2 x Cellular offices with restricted headroom and combined ceilings.
With a potential rental income of £25,000 Per Annum for the entire building, this fantastic opportunity offers an outstanding 33% potential rental yield whilst offering incredible potential to convert to residential dwellings subject to all relevant planning permission. There are new grants available to support this.**
Rateable Value: The rateable value of the property is listed on the Scottish Assesors website as £3,300 and as such would qualify for 100% rates relief as per the small business bonus scheme.
EPC Rating: F
**East Ayrshire Council have recently launched 2 schemes: The Commercial To Residential Conversion Fund and The Missing Shares Scheme.
https://www.east-ayrshire.gov.uk/news/article/private-rented-housing-webpage-or-email-us
Location
Kilmarnock is a large town in East Ayrshire with a population of 46,000. It is located 22 miles to the south east of Glasgow and approximately 15 miles north of Ayr. The property is located in the town centre, approximately one third of a mile from the train station which provides a half hourly service to Glasgow Central and a short walk
from King Street, the principle shopping thoroughfare. The property is situated in a mixed use area with neighbouring occupiers including office, leisure, retail, industrial and medical service.
Viewings: In order to View the property please register at www.brightonandbeck.co.uk and you will be able to place your viewing request against any properties than you are interested in. This will also allow the agent to know who to expect and their contact details so that any viewers can be contacted.
Features
Location
DON'T GET HAMMERED AT AUCTION. BUY FROM SOMEONE YOU CAN TRUST.... BRIGHTON & BECK
Important Note
The latest published guide price is shown on the website. The reserve price is the minimum price at which the property can be sold. The guide price given is the minimum price at which the seller might be prepared to sell on the date on which the guide price is published. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted "subject to contract". The reserve price may be greater than the previously quoted guide price. The guide price will be published online immediately it becomes available. Lots may be sold or withdrawn prior to auction. Auction properties are subject to a buyer’s premium of a minimum £2,000+VAT (£2,400) and Estate Agency properties are subject to a buyer’s premium of a minimum £1,000+VAT (£1,200). Any commercial sales are subject to a buyers premium of a minimum £3,000+VAT (£3,600) or 3%+VAT (Whichever is the greater). Each property listing provides the individual Buyers Premium, but for more Information on a properties Buyers Premium and any other related fees please feel free to speak to a member of the team.