Prime Pitch Town Centre Location Ground Floor Retail & 1st Floor Office Both Let on F.R.I Lease Passing Rent: £30,500 Reversionary Rent: £34,500 G.R.Y: 8.9% £385,000
LOCATION The subjects are located on the East side of Kirkcaldy?s High Street within the main retail and commerce area of the town. Kirkcaldy is Fife?s largest town with a population of 47,000 and approximately 600,000 living within 12.5 miles. The town has excellent communications links to Edinburgh and Dundee via the A92. The premises occupy a prime High Street location and nearby occupiers include WH Smith, Debenhams, Waterstones, New Look and M&S. The premises also offer visibility down Tolbooth Street to the leisure centre & swimming pool.
The subjects comprise a two storey modern brick built building under a flat roof, with retail over the ground floor and a self contained office unit on the first floor. Internally, the ground floor retail accommodation comprises a spacious sales area with ample storage to the rear and staff room and toilets at first floor level. The unit has glazed full height display windows and benefits from timber flooring, suspended ceiling and fluorescent lighting. There may be potential in dividing this unit up to provide more flexible, useful space. The first floor is office space, accessed separately via an entrance and stair directly from the High Street and is currently occupied by Kirkcaldy 4 All. This unit comprises open plan office, meeting room, two further offices, kitchen and toilets and benefits from carpeting, gas central heating and fluorescent lighting.
There is some restricted on street parking available within the vicinity and further parking available within a number of nearby car parks. This is a well placed property within a thriving shopping area with the extensive surrounding office, residential and leisure areas providing local trade.
The subjects have been measured on a Net Internal Area basis to offer:
The subjects are each let by way of independent full repairing and insuring leases on the following terms:
Tenant: Kirkcaldy 4 All
Passing Rent: £6,500p.a
Term: Expiry 30th April 2020
Tenant Info: Kirkcaldy 4 All was established in 2010 and is Kirkcaldy?s Business Improvement District (BID). A BID is an arrangement where businesses identify opportunities to the benefit of their own activities in their local area and to vote to invest collectively in local improvements over and above those provided statutory authorities.
Tenant: Chest Heart & Stroke Scotland
Passing Rent: £24,000p.a
Lease: 15th Dec 2017 - 14th Dec 2027
Tenant Break: 5th year
Rent Review: 5 yearly (5th anniversary fixed increase to £28,000p.a
Other: There is a Schedule of Condition attached to the lease.
Our client is offering their freehold interest in the subjects for £385,000 representing a reversionary Yield of 8.9%
Prices quoted are exclusive of V.A.T
Each party shall bear their own legal costs incurred in the transaction
Copies of lease and further information available on request.
PRIME TOWN CENTRE INVESTMENT FOR SALE
Type: Residential, Retail, Offices, Leisure, Office, Retail - High Street
189 High Street, KY1 1JAGBKirkcaldyFifeKY1 1JA189, High Street
Mixed Use Development Opportunity - Leisure development opportunity on a site extending to approximately 2.21 hectares (5.46 acres) and benefiting from outline planning consent for a variety of uses to include retail, nursery and gym development. Other uses may be considered, subject to achieving a variation of planning consent.
John Smith Business Park, Kirkcaldy, KY2 6HD, KY2 6NA
Type: Land, Commercial Land
John Smith Business Park, Kirkcaldy, KY2 6HD, , Kirkcaldy, KY2 6NAGBKirkcaldyKY2 6NAGrantsmuir Road
LOCATION Kirkcaldy is one of Fife’s principal centres having a resident population of approximately 50,000 persons and a further catchment area now estimated to be in excess of 150,000. The town benefits from an excellent communications system having a mainline railway station with regular services to Edinburgh and the rest of Fife on the Fife Circular Route. The subjects are located to the east side of Tolbooth Street. Tolbooth Street is mainly pedestrianised and connects with Kirkcaldy High Street. The subjects lie close to the entrance of the Mercat Shopping Centre car park and close to the Kirkcaldy Leisure Centre. DESCRIPTION The subjects comprise the ground and first floor of a two storey mid terraced building of stone construction surmounted by a pitched and slated roof. The property is Category C listed and within the Abbotshall & Central Kirkcaldy Conservation Area. Internally, the ground floor level is part open planned with a single office located to the front of the property and WC/kitchen area to the rear. The upper floor comprises two offices, kitchen, WC facilities and benefits from its own separate entrance. ACCOMMODATION We have calculated the net internal floor areas as follows: Description Sq m Sq ft Ground Floor – Entrance, office, kitchen, WC and storage. 117.13 1,260 First Floor - Two offices rooms, WC and kitchen. 35.93 386 Total 146.42 sq m 1,576 sq ft PRICE Our client is seeking offers in the region of £75,000 exclusive. TENURE Freehold (heritable). RATEABLE VALUE The subjects are entered in the current Valuation Roll at a Rateable Value of £7,800. The property falls below the Rateable Value threshold and qualifies for 100% rates relief. VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT. EPC 21 – F 21A – G LEGAL COSTS Each party to bear their own legal costs in the connection with this transaction and any LBTT, registration dues and any VAT incurred thereon. MONEY LAUNDERING The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also and any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed. PLANNING Interested parties should make their own enquiries to the local planning authority, Fife Council, in relation to any proposed uses for the site.
21/21A Tolbooth Street, Kirkcaldy, KY1 1RW
Type: Retail, Office, Offices, Leisure
21/21A Tolbooth Street, Kirkcaldy, KY1 1RWGBKirkcaldyFifeKY1 1RW21/21A, Tolbooth Street
FOR SALE Office / Redevelopment opportunity RATEABLE VALUE The subjects are entered in the current Valuation Roll at a Rateable Value of; 38A £11,600 38B £11,850 LEASE TERMS Ground floor, 38 Hunter Street; Let to Black and Guild Solicitors Currently on tacit relocation Passing rent £12,000 per annum exclusive EPC Rating F. LEGAL COSTS Each party to bear their own legal costs in the connection with this transaction and any LBTT, registration dues and any VAT incurred thereon. MONEY LAUNDERING The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also and any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed. PLANNING Interested parties should make their own enquiries to the local planning authority, Fife Council, in relation to any proposed uses for the site, however it is anticipated that a range of commercial uses may be acceptable on the ground floor and residential or commercial on the first floor. LOCATION Kirkcaldy is one of Fife’s principal centres having a resident population of approximately 50,000 persons and a further catchment area now estimated to be in excess of 150,000. The town benefits from an excellent communications system having a mainline railway station with regular services to Edinburgh and the rest of Fife on the Fife Circular Route. The subjects are situated on the south side of Hunter Street which is in close proximity to Kirkcaldy Town Centre. Hunter Street is one of the secondary retailing thoroughfares within the town centre. Nearby occupiers include First Mortgage, Bryson and Hare and Support in Mind Scotland. DESCRIPTION The subjects comprise the ground and first floor of a two-storey end terraced building of stone construction surmounted by a pitched and slated roof. Internally, the ground floor level has two separate offices with WC facilities. Black and Guild Solicitors occupy the larger office on the ground floor which is partly open planned with individual offices. The upper floor comprises cellular offices rooms, kitchen and WC facilities. ACCOMMODATION We have calculated the net internal floor areas as follows: Description Sq m Sq ft Ground Floor 38 117.13 1,260 Ground Floor 38 A 35.93 386 First floor 38 B 109.13 1,175 Total 262.19 sq m 2,821 sq ft The property benefits from parking to the rear. PRICE Our client is seeking offers in the region of £150,000 exclusive. TENURE Freehold (heritable). VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
Prominent High St Location Ground & 1st Floor 1,070sq ft Passing Rent £10,000p.a.x* Lease Expiry August 2036 £78,000 (G.I.Y 12.8%)
The subjects are located approx 0.25miles North of the town centre on the A921 just North of the main road junction with Dunnikeir Road in a tertiary trading location with a dense residential occupation in close vicinity to the subjects. The subjects benefit from being on the arterial route toward and away from the town centre with high volumes of passing traffic along with neighbouring occupiers including Brodies Bar & Spaghetti Tattoo Studios.
The subject comprise a ground and first floor retail unit plus residential dwelling within a traditional constructed 3 storey building surmounted by a pitched tile roof. The subjects benefit from a double frontage commercial unit at ground floor with access to the upper floors via an adjacent doorway leading to a common close with single concrete stairwell.
The ground floor commercial unit comprises a double frontage of aluminium framed glazed persuasion with the subjects having been painted and decorated by the tenant in-situ. Lighting is provided by way of recessed fluorescent strip lights and recessed L.E.D. spot lighting within a suspended plasterboard ceiling. The subjects benefit from staff w.c., store, and tea prep area to the rear.
The subjects also benefit from partial internal partitioning to form an Indian take away with kitchen and counter facility to the rear working in conjunction with the convenience store.
The subjects also benefit from a spacious residential dwelling at first floor which is occupied by the tenant, the subjects have been refurbished by the tenant with well appointed kitchen and bathroom with scenic views to the South.
The subjects at ground floor have been measured on a Net Internal Area to form the following floor area;
Ground: 99.4sqm (1,070sq ft)
The subjects have been assessed and entered onto the valuation roll with an NAV/RV of;
The subjects benefit from 100% rates exemption under the Small Business Rates Relief Scheme
Tenant: Private Individual Name Type: Full Repairing & Insuring Passing Rent: £10,000p.a.x* (Concession granted to £7,800p.a.x) Rent Review: Every 5th Anniversary Term: 20/8/2015 - 19/08/2036
*We now understand despite the lease stating a higher rent the tenant had agreed with the old landlord to pay based on a lower rental of £650PCM - £7800 p.a It will be up to the new landlord what they do in relation to this agreement and the flexibility they allow the tenant given they operate a take-away newsagent and their lease includes a flat.
Our client is offering their freehold interest in the subjects for £78,000 (+V.A.T.). The transaction will be treated as a ToGC, further information available on request
The subjects have been elected for V.A.T.
Available on request
Strictly by appointment ONLY
Retail Investment For Sale: 405 High Street, Kirkcaldy
Type: Residential, Retail, Retail - High Street, Retail - Out of Town
405 High Street, KY1 2SGGBKirkcaldyFifeKY1 2SG405, High Street
The subjects comprise a retail unit contained on the ground floor of a four storey corner terrace building which appears to have stone walls externally with a pitched and slated roof. The property has a prominent corner frontage to both High Street and Oswald Wynd.
263 High Street
Type: Retail Park, Retail
263 High Street, Kirkcaldy, KY1 1JTGBKirkcaldyFifeKY1 1JT228-232, High Street
La Gondola is a very busy Italian restaurant with 70 covers, located in the centre of Kirkcaldy. The business has been under the same ownership for 11 years. My clients now wish to focus on other business interests.
The restaurant caters for between 450-500 covers per week and has seen year on year growth since 2010. The business is currently producing an EBITDA in excess of £100,000. This is an excellent opportunity to acquire a very robust and profitable business.
435 La Gondola High Street
Type: Other, Other Property Types & Opportunities
435 La Gondola High Street, Kirkcaldy, KY1 2SGGBKirkcaldyFifeKY1 2SG419, High Street
The subjects comprise a single storey end terraced building having brick walls and a flat roof which appears to be aluminium sheet covered with felt. Internally the shop is currently fitted out as grocery store but we understand the fittings are to be stripped out and it will be left as a shell unit. The property benefits externally from a shared rear service yard.
The accommodation is arranged over the ground floor only and extends to 242.7 sq m (2610 sq ft or thereby).