Property photos
Auction
Freehold
Guide price
£90,000
Property for sale
Lugar Street, Cumnock, Ayrshire KA18Key Information
Local area information
Property location
Nearby amenities
- Greenmill Primary School 0.2 miles
- Cumnock Academy 0.3 miles
- Auchinleck 1.5 miles
- New Cumnock 4.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Portfolio of two commercial office/retail portfolio
- Three separately accessed units
- Exciting combination of owner/operator and rental outcomes
- May qualify for rates relief under Small Business Bonus Scheme
- Potential conversion subject to planning consents
Portfolio of two commercial units
New to auction is this fantastic commercial portfolio opportunity, comprising two adjoining premises (three separate units), ideally located in prominent location on the edge of Cumnock town centre. 1 Kilnholm Place was formerly an Estate/Letting Agents business, with 12/14 Lugar Street being a Retail unit on the ground floor with Offices/Storage accessed via separate entrance on the upper floor. Kilnholm Place extends to approximately 895 sq. Ft and comprises main office and WC on the ground floor, with a further four offices and kitchen area on the upper level. Lugar Place offers sales area, store, WC and tea prep over approx. 312 sq. Ft on the ground floor unit, with the first floor boasting two large rooms, tea prep and staff WC. Each of the units is separately published on the Valuation Roll with rv of £3300 (Kilnholm Place), £2700 (12 Lugar Street, gf) and £2200 (14 Lugar Street, 1F) which means that all three potentially qualifying for rates relief under the Small Business Bonus Scheme. This commercial portfolio could be ideal for an owner/operator to combine their own business premises with the added bonus of additional units for rental or could represent a high yielding addition to an existing commercial portfolio. There could also be potential to consider commercial to residential conversion subject, of course, to the required planning consents. Early viewing is essential to fully appreciate the outstanding value on offer.
Kilnholm Place and Lugar Street enjoy prominent location on the edge of Cumnock town centre. Cumnock offers a range of amenities including supermarket and retail shopping, bars, restaurants, transport links and recreational facilities. There is also excellent primary and secondary schooling in the area.
Purchasers notes
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Auction House Scotland are registered with hmrc and carry out due diligence on all of our clients, please ask for more information on identification required prior to entering into a contract.
Cybercrime Warning
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. Please note that our bank account details will not change during the course of A transaction and we will not change our bank details via email. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
New to auction is this fantastic commercial portfolio opportunity, comprising two adjoining premises (three separate units), ideally located in prominent location on the edge of Cumnock town centre. 1 Kilnholm Place was formerly an Estate/Letting Agents business, with 12/14 Lugar Street being a Retail unit on the ground floor with Offices/Storage accessed via separate entrance on the upper floor. Kilnholm Place extends to approximately 895 sq. Ft and comprises main office and WC on the ground floor, with a further four offices and kitchen area on the upper level. Lugar Place offers sales area, store, WC and tea prep over approx. 312 sq. Ft on the ground floor unit, with the first floor boasting two large rooms, tea prep and staff WC. Each of the units is separately published on the Valuation Roll with rv of £3300 (Kilnholm Place), £2700 (12 Lugar Street, gf) and £2200 (14 Lugar Street, 1F) which means that all three potentially qualifying for rates relief under the Small Business Bonus Scheme. This commercial portfolio could be ideal for an owner/operator to combine their own business premises with the added bonus of additional units for rental or could represent a high yielding addition to an existing commercial portfolio. There could also be potential to consider commercial to residential conversion subject, of course, to the required planning consents. Early viewing is essential to fully appreciate the outstanding value on offer.
Kilnholm Place and Lugar Street enjoy prominent location on the edge of Cumnock town centre. Cumnock offers a range of amenities including supermarket and retail shopping, bars, restaurants, transport links and recreational facilities. There is also excellent primary and secondary schooling in the area.
Purchasers notes
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Auction House Scotland are registered with hmrc and carry out due diligence on all of our clients, please ask for more information on identification required prior to entering into a contract.
Cybercrime Warning
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. Please note that our bank account details will not change during the course of A transaction and we will not change our bank details via email. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
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Listed by
Auction House Scotland
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Property descriptions and related information displayed on this page are marketing materials provided by - Auction House Scotland. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House Scotland for full details and further information.