4 Umberley Rd - Freestanding FOR SALE


Kilmarnock, EAY KA1 5LB
$3,000,000 USD
4 Umberley Rd, Kilmarnock, EAY for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/7
null | 12.76% Cap Rate

4 Umberley Rd
Kilmarnock, EAY KA1 5LB


HIGHLIGHTS

  • High yielding retail warehouse investment
  • Parking
  • The property is situated on the Ayr Road

OVERVIEW

High yielding retail warehouse investment. Offers in excess of £3,000,000 (Three Million Pounds Sterling), exclusive of VAT. This reflects an attractive net initial yield of 12.76%, assuming purchaser’s costs at 6.42%. The property is held majority Heritable (Scottish equivalent of English Freehold) (AYR5792/AYR36139) and part Long Leasehold (AYR31709). The leasehold is a peppercorn (£1 per annum) and runs until 28/09/2125. Head Landlord’s consent to assign/transfer is not required when the assignation is to the same party to whom the heritable title has been sold. There is a use restriction on this part of the site against food retailing only.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

12.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

-

APN/PARCEL ID

AYR31709,AYR36139,AYR5792

ASK ABOUT THIS PROPERTY

Graeme MillarSheridan Keane Real Estate InvestmentMore Info

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Graeme MillarSheridan Keane Real Estate InvestmentMore Info

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