Clydesdale Bank, 64 High Street Dunfermline Fife KY12 7DF

Clydesdale Bank, 64 High Street
Dunfermline
Fife
KY12 7DF

Heritable Bank Investment

  • Entirely let to Clydesdale Bank plc until 2024 (no breaks)
  • Rent rebased and breaks removed in 2013
  • Dunfermline is the largest retail town in Fife
  • Prominent corner position on pedestrianized High Street
  • Nearby occupiers include Poundstretcher, Clarks, Santander and Yorkshire Building Society
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    19
  • Auction
    9th July 2015
  • Rent
    £76,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £805,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of trustees
  • Expand
  • Photos
  • Map

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

Heritable Bank Investment

  • Entirely let to Clydesdale Bank plc until 2024 (no breaks)
  • Rent rebased and breaks removed in 2013
  • Dunfermline is the largest retail town in Fife
  • Prominent corner position on pedestrianized High Street
  • Nearby occupiers include Poundstretcher, Clarks, Santander and Yorkshire Building Society
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 19
  • Auction 9th July 2015
  • Rent
  • Status Sold
  • Price £805,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of trustees

Property Information

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

The property is situated in a prominent corner location on the northern side of the pedestrianised High Street, the town’s main retailing street. Santander and JD Wetherspoon trade opposite with Poundstretcher next door and Clark’s, Yorkshire Building Society, H Samuel, Sports Direct, WH Smith and Next nearby.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

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

The property is situated in a prominent corner location on the northern side of the pedestrianised High Street, the town’s main retailing street. Santander and JD Wetherspoon trade opposite with Poundstretcher next door and Clark’s, Yorkshire Building Society, H Samuel, Sports Direct, WH Smith and Next nearby.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property is a traditional sandstone building and is B listed. The building comprises a ground floor banking hall with offices at first and second floors. There are staff, storage and plant facilities at third floor level. A staircase accessing all floors is located to the rear of the property and there is a four person passenger lift within the banking hall.

Six Week Completion

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 not applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)7718 899341.

EPC

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

Description

The property is a traditional sandstone building and is B listed. The building comprises a ground floor banking hall with offices at first and second floors. There are staff, storage and plant facilities at third floor level. A staircase accessing all floors is located to the rear of the property and there is a four person passenger lift within the banking hall.

Six Week Completion

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 not applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)7718 899341.

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
Third
Banking Hall
Office
Office
Office
146.69 sq m
184.13 sq m
133.59 sq m
84.07 sq m
(1,580 sq ft)
(1,982 sq ft)
(1,438 sq ft)
(905 sq ft)
CLYDESDALE BANK PLC (1) 25 years from 30/09/1999 on a full repairing and insuring lease £76,500 30/09/2024 (2)
Totals  
548.48 sq m
(5,905 sq ft)
    £76,500

(1) Founded in Glasgow in 1838, Clydesdale Bank plc is one the largest banks in Scotland. It has over 140 retail branches and since 1987 it has been a member of National Australia Bank Group (NAB), one of the world’s top 40 financial companies with over 12.4 million customers worldwide (Source: www.cbonline.co.uk 12/06/2015).
(2)The tenant has an option to extend the lease for a term of 20 years and a day from expiry of the current lease. Please refer to the legal pack for further information.

Property Documents

  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    611 KB
    View PDF
  • Site Plan
    Updated Date
    16.06.15
    File Size
    68 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 & Wedderburn 1 Exchange Crescent, Conference Square
Edinburgh
EH3 8UL
Michael Henderson 0131 473 5189Michael.Henderson@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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