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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of trustees

Interested?

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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

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

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

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.