Prime retail investment located in Dunfermline, the administrative, financial and main retailing centre of Fife; Modern, flagship retail unit located on the prime pitch of Dunfermline High Street; The property is located directly south of the Kingsgate Shopping Centre on a pedestrianised area of the High Street; Let to Next Holdings Limited (D&B Rating 5A1) until 2nd May 2021 at a current passing rent of £216,000 per annum which equates to a Zone A rate of £65.63 per sq ft; Heritable tenure (Scottish equivalent of English Freehold).
Offers in excess of £2,260,000 (Two Million, Two Hundred and Sixty Thousand Pounds Sterling) are sought for our client’s heritable interest in the property, subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 9.03% assuming purchaser’s costs at 5.87%.
Major manufacturing or distribution unit with secured yard and parking
Pitrevie Business Park is one of the best located industrial estates in East central Scotland and is situated just off the M90 motorway and 5 minutes drive to the new Queensferry Crossing The property is situated on the west side of Pitrevie Way annd other occupiers in the immediate vicinity include FMC Technologies, Fife Group, Llyods Bank, Beatsons Building Supplies, Scottish Ambulance Service, Tool Station, Dinbro, Optos plc, and Sky. The Port of Rosyth is also within 5 minutes' drive and is home to such companies as Babcock International HGroup plc, Oceaneering International, Parsons Peebles and Forth Ports.
A substantial Storage and distribution premises with adjoining two storey office accommodation and staff facilities including canteen, kitchen and two squash courts. Within the main building there is a clear eaves height of 7.8m with dock levellers to the rear and ground level HGV access on the west side under a large canopy. The entire site is fenced and there is extensive car parking on the south side of the office accommodation and concrete hard- standing for HGV circulation surrounding the main part of the building. There is also an HGV was building (External) anf within the building chills and freezers.