Summary - 14 &16 Portland Street, Town Centre , Kilmarnock, East Ayrshire, KA1 1HZ KA1 1HZ
1 bed 1 bath Commercial Property
Huge two‑storey town centre unit with strong rental history and redevelopment potential..
Large corner freehold—ground 272.21sqm, first 396.97sqm
A prominent two‑storey corner commercial freehold in Kilmarnock town centre offering significant investment and redevelopment potential. The combined ground and first floors provide substantial trading space (ground 272.21 sqm, first 396.97 sqm) with highly visible dual frontages onto a busy pedestrianised precinct. The property was previously let at £45,000 pa and sold historically for £600,000, underlining its strong trading credentials.
Class 3 (restaurant) consent was previously granted but has now expired; there is potential to renew permissions with the local council, which has shown appetite for regeneration in the area. The building can accommodate a range of uses – large retail, leisure (bar/restaurant), or conversion to offices or multiple smaller units to maximise rental income.
Material considerations: the immediate locality is described as very deprived, which affects local spending power and may influence tenant mix and rental levels. The property will require some refurbishment and planning work to realise Class 3 or alternative changes of use. Transport links and town-centre footfall are excellent, with the bus and train stations, main car park and taxi rank all within minutes, and national connections via the M77.
This is a clear-buy opportunity for investors or developers seeking a big footprint in a prime town-centre, corner position with high visibility, proven rental history, and scope to add value through letting strategy, refurbishment or reconfiguration.
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