Summary - 16, PORTLAND STREET, KILMARNOCK KA1 1HZ
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime corner location on a busy thoroughfare in Kilmarnock
- Approved planning application for Class 3 hot food restaurant
- Total property size of 669.18 sqm (7,203 sqft), divided into 272.21 sqm (2,930 sqft) ground floor and 396.97 sqm (4,273 sqft) first floor
- Excellent rental potential of £4,166 PCM (£50,000 PA), yielding 38.4% at the guide price
**Summary:**
Seize a rare commercial investment opportunity with this prominent two-story corner building at 14-16 Portland Street, Kilmarnock. Offering a spacious 7,203 sqft of versatile commercial premises, this property comes with an approved planning application for a Class 3 hot food restaurant—ideal for those looking to capitalize on Kilmarnock’s bustling thoroughfare. With potential rental income exceeding £50,000 annually, it presents an exceptional yield of 38.4%, making it a savvy choice for both seasoned investors and first-time buyers seeking affordable commercial space.
The property boasts large windows and high ceilings, lending a sense of openness and visibility crucial for any business. While the building requires some repair and may be considered a fixer-upper, its prime location ensures a steady flow of foot traffic. Just a stone's throw from Kilmarnock's vibrant amenities, including shopping, dining, and public transport, this investment promises not only a profitable rental but also a place steeped in community charm. Don't miss out on this excellent auction opportunity—properties like this are seldom available and sure to attract attention!
Out-of-town retail property for sale in 14-16 Portland Street, Kilmarnock, KA1 1HZ, KA1 — £120,000 • 1 bed • 1 bath • 7203 ft²
Commercial property for sale in 26A Nelson Street, Kilmarnock, KA1 1BA, KA1 — £70,000 • 1 bed • 1 bath
Commercial property for sale in 14 &16 Portland Street, Town Centre , Kilmarnock, East Ayrshire, KA1 1HZ, KA1 — £150,000 • 1 bed • 1 bath
Commercial property for sale in 24 Titchfield Street, Former ABC Cinema, Kilmarnock, KA1 — £348,000 • 1 bed • 1 bath
High street retail property for sale in 16 Portland Street, Kilmarnock, KA1 1HZ, KA1 — £145,000 • 1 bed • 1 bath • 4273 ft²
Commercial property for sale in 38 Titchfield Street, Tenanted Investment, Kilmarnock, KA1 1PH, KA1 — £74,000 • 1 bed • 1 bath • 1000 ft²
