158 / 160 High Street Kirkcaldy Fife KY1 1NQ

158 / 160 High Street
Kirkcaldy
Fife
KY1 1NQ

Heritable Retail Investment

  • Prominent position on the pedestrianised High Street to be let to River Island Clothing Co. Limited on a new 5 year lease
  • Nearby occupiers include Marks and Spencer, Next, Bank of Scotland and Costa Coffee
  • Close to the Bus Station and town centre car parks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    85
  • Auction
    7th July 2016
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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* More information on the term "guide" can be found here

Heritable Retail Investment

  • Prominent position on the pedestrianised High Street to be let to River Island Clothing Co. Limited on a new 5 year lease
  • Nearby occupiers include Marks and Spencer, Next, Bank of Scotland and Costa Coffee
  • Close to the Bus Station and town centre car parks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 85
  • Auction 7th July 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
28 miles north-east of Edinburgh, 18 miles east of the Forth Road Bridge
Roads
A92
Rail
Kirkcaldy (40 minutes to Edinburgh Waverley)
Air
Edinburgh Airport (26 miles south)
Situation

Kirkcaldy has a population of approximately 50,000 and a catchment of 150,000 from east Fife. The town is the second largest town in Fife and benefits from excellent accessibility from the A92 liking with the A90 south to Edinburgh and north to Perth.
The new road bridge, the Queensferry Crossing, which will link Fife with Edinburgh and the south, is due to open in May 2017.
The property is well located on the pedestrianised part of the High Street. Neighbouring occupiers include Marks and Spencer, Next, New Look, Costa Coffee and Bank of Scotland.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location
Miles
28 miles north-east of Edinburgh, 18 miles east of the Forth Road Bridge
Roads
A92
Rail
Kirkcaldy (40 minutes to Edinburgh Waverley)
Air
Edinburgh Airport (26 miles south)
Situation

Kirkcaldy has a population of approximately 50,000 and a catchment of 150,000 from east Fife. The town is the second largest town in Fife and benefits from excellent accessibility from the A92 liking with the A90 south to Edinburgh and north to Perth.
The new road bridge, the Queensferry Crossing, which will link Fife with Edinburgh and the south, is due to open in May 2017.
The property is well located on the pedestrianised part of the High Street. Neighbouring occupiers include Marks and Spencer, Next, New Look, Costa Coffee and Bank of Scotland.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a three storey terraced building with retail sales at ground and first floors. At second floor there is additional storage and staff and ancillary accommodation.

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 three storey terraced building with retail sales at ground and first floors. At second floor there is additional storage and staff and ancillary accommodation.

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
First
Second
Retail
Retail
Ancillary
286.60 sq m
137.95 sq m
73.85 sq m
3,085 sq ft
1,485 sq ft
792 sq ft
RIVER ISLAND
CLOTHING CO.
LIMITED (1)
5 years from
June 2016 on a
full repairing
and insuring
lease (2) (3)
£60,000 June
2021
Total  
498.13 sq m
5,362 sq ft
    £60,000

(1) River Island Clothing Co. Limited have been trading on the high streets of the UK for the last 60 years. They have approximately 350 stores across the UK, Ireland and internationally. For the year ending 27th December 2014, River Island Clothing Company Limited reported a turnover of £890,400,000, a pre-tax profit of £145,800,000 and a net worth of £279,600,000. (Source: Experian Group 10/06/16)
(2) The lease will be put in place to commence from completion of the sale.
(3) The lease provides a tenant’s option to determine on the third anniversary of the term, subject to 6 months’ notice.

Property Documents

  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    574 KB
    View PDF
  • Site Plan
    Updated Date
    15.06.16
    File Size
    617 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
Seller's Solicitors
Shepherd and Wedderburn LLP 1 Exchange Crescent, Conference Square
Edinburgh
EH3 8UL
Susie Thornton 0131 473 5458susie.thornton@shepwedd.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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