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
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).