Freehold three-unit commercial portfolio in densely populated Shortlees — immediate income, refurbishment upside.
- Portfolio of three single-storey commercial units, total area 1,442 sq ft
A compact portfolio of three single-storey commercial units in a densely populated Shortlees area of Kilmarnock, offered freehold with combined rental income of £13,800 per annum. The guide price of £110,000 implies a headline yield of about 12.5% (based on current rents), making this suited to investors seeking immediate income and short-term uplift through active management.
Units comprise a fitted café (2 & 2A Central Avenue) and a small retail/storage unit (1A Shortlees Crescent). Each unit benefits from a large frontage and ample free parking to the front; the café has a commercial extraction canopy and fittings in place. The properties are single-storey masonry under flat roofs and perform well for local, convenience trade given the central location within a densely populated residential neighbourhood.
Important considerations: the buildings are dated mid-20th century and require refurbishment and modernisation in parts — descriptions note areas as derelict/needs repair and low ceilings in one unit. The sale will be by online auction and is subject to a buyer’s premium and potential additional fees. The vendor is a connected party; purchasers should review legal documents and special conditions before bidding.
This portfolio suits an investor comfortable with modest capital expenditure to improve fixtures, energy efficiency and frontage, or an owner-operator looking to consolidate local trade. The strong local footfall, on-site parking and immediate rental income provide a clear platform for value-add activity.