Modern office investment for sale

Key Information

• Combined rental of £27,000 per annum
• Fully-let investment
• Town centre location

Property Description

The subjects comprise a two storey building of stone and brick construction roughcast rendered externally beneath a pitched roof clad in profile metal sheeting. The building is back lying and is accessed via a shared pend access from John Finnie Street. Internally the office accommodation has been sub-divided and comprises 43A, 43B and 43C John Finnie Street, Kilmarnock. 43A is occupied by Barnardo's on a 3-year lease from 18 November 2019 with annual break options on an Internal Repairing and Insuring basis at a rental of £8,000 per annum, payable quarterly in advance. 43B and 43C are occupied by Action For Children Charity. The original lease commenced on 1 May 2012 for a period of 5 years on an Internal Repairing and Insuring basis and currently continues under tacit relocation on a year-to-year basis. The current passing rent is £19,000 per annum, payable monthly in advance.

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). Kilmarnock is located approximately 7 miles east of Irvine, 13 miles north east of Ayr and 25 miles south west of Glasgow connected by the A71 and A77/ M77 trunk roads. The A77/ M77 provides direct access to Glasgow and the Scottish motorway network. The A71 provides an alternative route directly to the M74 and to Edinburgh which is situated approximately 70 miles to the east. Kilmarnock is well connected to East Ayrshire by public transport with regular bus services from Kilmarnock including a regular express bus service from Kilmarnock to Glasgow city centre. In addition, Kilmarnock has a railway station which provides a half hourly rail service to Glasgow Centre Station and a less frequent service to Carlisle.