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Agent's details

27 Whytescauseway

For sale: £110,000.00|429 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALE£110,000.00
SIZE429 Sq Ft
ADDRESS27 Whytescauseway, Kirkcaldy, KY1 1XF
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON16th September 2021

Description

Key Points

  • Shop Unit with Class 2 Consent
  • Leased to Countrywide PLC t/a Slater Hogg & Howison Estate Agents
  • Lease renewed with effect from November 2020 (tenant has been in occupation over 20 years)
  • Summary

    Excelllent Freehold Investment Opportunity let to major PLC covenant

    Description

    The property comprises a single shop unit and forms part of a single storey parade of similar units located on the west side of Whytescauseway. The location is an established one for estate agents and solicitors with other occupiers nearby including Digby Brown, ESPC, Remax and Your Move.

    Viewings

    Strictly by Appointment

    Location

    The property is located on Whytescauseway which runs westwards off High Street and therefore centrally situated within the town, directly adjacent to the main commercial centre of Kirkcaldy. The location is highly accessible and has the benefit of on street parking with public car parking facilities nearby as well as public transport connections.

    Promo

    Major PLC tenant

    Lease

    The property is let in its entirety to Countrywide PLC, on a lease that was recently extended to 28 November 2030. The tenant has an option to break the lease as at 28 November 2025 but also an option to extend the lease to 2035. The current rent is £8,500 per annum exclusive and is subject to review at 5 yearly intervals on an RPI upward only basis.

    Offers

    Offers in the region of £110,000 are invited for our client's heritable interest in the property with the benefit of the current tenancy in place.

    Location

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    Location: 27 Whytescauseway, Kirkcaldy, KY1 1XF

    Kirkcaldy (0.3 miles)

    Kinghorn (2.8 miles)

    Glenrothes with Thornton (3.8 miles)

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