Summary - 65, TITCHFIELD STREET KA1 1QS
1 bed 1 bath Retail Property (high street)
### Standout Features:
- Prime high street retail property in Kilmarnock
- Significant main road frontage promoting visibility
- Established in a bustling town center with heavy foot traffic
- Current lease yielding a net initial yield of 12.5%
- VAT-free investment opportunity
### Potential Concerns:
- Only 3 years remaining on the current lease may limit mortgage options
- Area classified as economically deprived
Nestled in the heart of Kilmarnock at 65 Titchfield Street, this retail property offers a unique investment opportunity with a prime location featuring robust main road exposure and steady foot traffic. The ground floor antique shop spans approximately 472 square feet, providing a compact yet accessible space for potential business pursuits. The traditional red sandstone architecture adds character, making it an appealing front for various retail ventures. Currently let under a five-year lease, this establishment generates a respectable annual income of £7,500, promising a net initial yield of 12.5%—an attractive figure for those seeking solid returns in the commercial market.
However, be mindful that with three years remaining on the lease, financing options may be limited as mortgage lenders often require longer lease terms. The property is located in an economically challenged area, which may influence retail performance. Nonetheless, with the advantage of being VAT-free, this investment holds the potential for future renovation or reconfiguration to maximize its viability within Kilmarnock’s bustling commercial landscape. Don’t miss the chance to secure a foothold in this vibrant retail area—explore the possibilities today!
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