A Kilmarnock shopping parade has been bought for over £1 million.
The Western Road shopping centre – which houses Domino’s Pizza, cafe Bello Luca, a pharmacy and many more shops – was snapped up by commercial property and investment company LCP.
Previously owned by Tesco, the acquisition was the fourth of its kind for the firm in 2019.
LCP, whose Scotland HQ is in Glasgow, acquired Western Road Shopping Centre on behalf of Sheet Anchor Investments Ltd 2 (SAIL2), one of the LCP group of managed companies.
It agreed a price of £1.098m with Tesco, which has an adjacent store and owned the fully-occupied parade of seven, local independent units.
Dermit Smith, associate director retail, said: “LCP has long focused on acquiring local shopping parades and this acquisition fits perfectly with our model of providing a sustainable income stream, thanks to our proactive asset management.
“Given its densely populated residential location, this is a superb investment and a super facility on many people’s doorsteps.”
