Summary - 1, SHORTLEES CRESCENT KA1 4PR
1 bed 1 bath Cafe
**Standout Features:**
- Prime location on a busy thoroughfare with main road frontage.
- Gross Initial Yield of 12.5%, offering an annual income of £13,800.
- Freehold tenure, VAT free investment.
- Three years remaining on the lease for Unit 1a.
- Ample off-street parking available.
- Fast broadband and excellent mobile signal.
**Potential Concerns:**
- The remaining lease term may deter mortgage lenders.
- General condition indicates renovation potential; currently a fixer-upper.
This expansive commercial property is an investor's dream, situated in a high-traffic area of Kilmarnock, ideally positioned for retail or food service operations. With a gross initial yield of 12.5% and an annual income of £13,800, this VAT-free investment offers an excellent opportunity to capitalize on rental income. The unique layout features three separate units, including a fully equipped café space, with substantial potential for renovation to attract even more business.
Strategically located near residential neighborhoods and essential amenities, this property not only caters to existing clientele but also positions itself for growth in a densely populated area. While the remaining lease on Unit 1a may pose a challenge for some mortgage lenders, the robust off-street parking and strong broadband capabilities complement its commercial appeal. Act quickly; opportunities like this, promising solid returns and flexibility for enhancements, won't last long.
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