Burns Mall Burns Mall, Kilmarnock, KA1 1LT

Burns Mall, Kilmarnock - Picture 2024-05-07-15-30-12
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Use Class





Investment Opportunity - Dominant, Community Shopping Centre

  • 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.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 09/05/2024