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
• OFFERS OF £79,950 ARE INVITED • SECURE SURFACED YARD AREA • ESTABLISHED INDUSTRIAL LOCATION • GOOD TRANSPORT LINKS • QUALIFIES FOR 100% RATES RELIEF • APPROXIMATELY 0.25 ACRES
Kirkcaldy is a town and former royal burgh in Fife, on the east coast of Scotland. It is about 12 miles north of Edinburgh and 28 miles southwest of Dundee. The town had a recorded population of 49,460 in 2011, making it Fife's second-largest settlement and the 11th most populous settlement in Scotland. The town is a major service centre for the central Fife area. It has a swimming pool, theatre, museum and art gallery, three public parks and an ice rink The A92, which connects Dunfermline to the west with Glenrothes and Dundee to the north, passes immediately north of Kirkcaldy. The A910 road connects it to the western and central parts of the town. The subjects are located on the northern side of Randolph Place between its junctions with Randolph Court and Randolph Road within Randolph Industrial Estate.
The subjects comprise an industrial yard extending to approximately 0.25 acres. The site is secured with a palisade and wire fence with large gated access. In the main, the site is surfaced in concrete with hardcore/gravel around the perimeter. The yard was most recently utilised as a container hire business but is also well suited for other industrial uses or possible development (subject to planning)
Offers of £79,950 are invited for the Heritable Interest
The subjects qualify for 100% rates relief for 2017/2018. The Rateable Value of the property is £2,500 Please contact local rating office for further information
All queries in relation to planning permission and use class of the subjects should be addressed to Fife Council Planning Department.
A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale of the property.
Vat will be payable where applicable
Industrial Yard For Sale
Type: Industrial, Industrial Park, Light Industrial, Storage, Land, Commercial Land
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).
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
Type: Land, Commercial Land
John Smith Business Park, Kirkcaldy, , Kirkcaldy, KY2 6HDGBKirkcaldyKY2 6HD1, Begg Road