Burns Mall Burns Mall, Kilmarnock, KA1 1LT

Key Features

• Kilmarnock is the largest town in East Ayrshire and serves as the administrative centre for the East Ayrshire Council.

• Burns Mall is the dominant retail offer in Kilmarnock.

• Large inward investment from East Ayrshire Council utilising £20m from UK Government’s Levelling Up Fund with exciting projects identified.

• The centre comprises approximately 179,804 sq ft (16,704 sq m) of retail accommodation.

• Anchored by JD Sports, Home Bargains and New Look with a number of popular national multiples present including Greggs, Boots, Shoe Zone, 3 Store, CEX and Farmfoods.

• Long leasehold (circa 80.5 years unexpired).

• WAULT of 1.92 years to expiry.

• Current gross income of £877,914 pax (including turnover rents).

• Affordable annual rents.

• Various asset management opportunities to improve the NOI.

• We are instructed to seek offers in excess of £2,850,000, reflecting an attractive net initial yield of 15% and low capital value of £15.85 psf.