1 Shortlees Crescent, Kilmarnock | Property for sale | Savills
Guide price £198,000

1 Shortlees CrescentKilmarnock

  • New
  • Sole agency
  • Freehold
Investment
Yield 14%Yield

Key features

  • High Yielding Retail Investment
  • Part Let - Producing £18,900 per annum
  • ERV Approx. £27,000 per annum
  • Freehold Parade of Four Units
  • Asset Management Potential via Letting of Vacant Unit
  • Guide Price Reflects 13.6% Gross Yield on ERV
  • Investment Let at £18,900 p.a.(9.5% GIY on Guide with Vacant Unit)

High Yielding Investment Comprising a Freehold Parade of Four Retail Units

About this property

  • The property comprises a high yielding retail investment and asset management opportunity occupying a prominent corner pitch. Arranged as a parade of four retail units, the property is part-let producing £18,900 per annum with a vacant unit. The property offers asset management potential via letting of the vacant space with an estimated rental value (ERV) for the asset of £27,000 per annum if fully let. The property occupies a prominent corner pitch and comprises the principal local retail amenity in an established residential area.