52-58 High Street Dunfermline Fife KY12 7AS

52-58 High Street
Dunfermline
Fife
KY12 7AS

Heritable Retail Investment

  • Retail unit let to Poundstretcher Ltd
  • Rooftop telecoms income from EE Ltd and Cornerstone Telecommunications Infrastructure Limited
  • Dunfermline is the largest town in Fife with a population of 55,000
  • Prominently located on the High Street
  • Nearby occupiers include Clydesdale Bank, Santander, JD Wetherspoons, Trespass, Clarks and Betfred
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    79
  • Auction
    22nd October 2015
  • Rent
    £140,208 per Annum Exclusive
  • Status
    Sold
  • Price
    £551,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Retail unit let to Poundstretcher Ltd
  • Rooftop telecoms income from EE Ltd and Cornerstone Telecommunications Infrastructure Limited
  • Dunfermline is the largest town in Fife with a population of 55,000
  • Prominently located on the High Street
  • Nearby occupiers include Clydesdale Bank, Santander, JD Wetherspoons, Trespass, Clarks and Betfred
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 79
  • Auction 22nd October 2015
  • Rent
  • Status Sold
  • Price £551,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
18 miles north-west of Edinburgh, 22 miles east of Stirling
Roads
M90, A92, A985
Rail
Dunfermline Town Rail (40 minutes to Edinburgh Waverley)
Air
Edinburgh International Airport (11 miles south)
Situation

The property is prominently located on the north side of the High Street, the town’s main retailing street. The property is within a short walk of Kingsgate Shopping Centre which houses retailers
such as Debenhams, Marks & Spencer, Boots, New Look and H&M. Other nearby occupiers include WH Smith, Trespass, Greggs, Next, Clarks and Betfred.

Tenure

Heritable.

Location
Miles
18 miles north-west of Edinburgh, 22 miles east of Stirling
Roads
M90, A92, A985
Rail
Dunfermline Town Rail (40 minutes to Edinburgh Waverley)
Air
Edinburgh International Airport (11 miles south)
Situation

The property is prominently located on the north side of the High Street, the town’s main retailing street. The property is within a short walk of Kingsgate Shopping Centre which houses retailers
such as Debenhams, Marks & Spencer, Boots, New Look and H&M. Other nearby occupiers include WH Smith, Trespass, Greggs, Next, Clarks and Betfred.

Tenure

Heritable.

Description

The property comprises a ground floor retail unit within a modern larger building. The property benefits from being a full depth unit with rear servicing via Queen Anne Street. In addition there are
retained rights to roof space with three telephone masts. The upper floors are in separate ownership.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit within a modern larger building. The property benefits from being a full depth unit with rear servicing via Queen Anne Street. In addition there are
retained rights to roof space with three telephone masts. The upper floors are in separate ownership.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reversion
Ground Retail
1,184.50 sq m
(12,750 sq ft)
POUNDSTRETCHER
LIMITED (1)
27 years from 02/04/1991
on a full repairing and
insuring lease
£120,000 01/04/2018
Rooftop Telecoms Mast     CORNERSTONE
TELECOMMUNICATIONS
INFRASTRUCTURE
LIMITED
Term expiring 19/03/2024 £9,950  
Rooftop Telecoms Mast     EE LIMITED Term expiring 25/09/2018 £8,633  
Rooftop Telecoms Mast     EE LIMITED Term expiring 25/09/2018 £1,625  
Totals  
1,184.50 sq m
(12,750 sq ft)
    £140,208  

(1) Established in 1981 Poundstretcher is the UK’s leading variety discount retailer. Poundstretcher has over 400 stores nationwide and employs over 6,000 people (source: www.poundstretcher.co.uk 28/08/2015)

Property Documents

  • Site Plan
    Updated Date
    30.09.15
    File Size
    80 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    551 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Associate Auctioneers
Smolka Strachan 46 Charlotte Square
Edinburgh
EH2 4HQ
Guy Strachan 0131 226 7555guy@smolkastrachan.com
Seller's Solicitors
Anderson Strathern LLP 1 Rutland Court
Edinburgh
EH3 8EY
Andrew Morris 0131 625 7250andrew.morris@andersonstrathern.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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