83 - 85 High Street Kirkcaldy Fife KY1 1LN

  • 83 - 85 High Street<br>Kirkcaldy<br>Fife<br>KY1 1LN

83 - 85 High Street
Kirkcaldy
Fife
KY1 1LN

Heritable Retail Investment

  • Two Retail Units on Prominent High Street position
  • Unit 85 let to Harvey & Thompson Ltd until 2025 (subject to option)
  • Close proximity to The Mercat Shopping Centre
  • Nearby occupiers include William Hill, Tresspass, RBS and Poundstretcher
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    38
  • Auction
    16th February 2017
  • Rent
    £26,150 per Annum Exclusive
  • Status
    Sold
  • Price
    £186,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Heritable Retail Investment

  • Two Retail Units on Prominent High Street position
  • Unit 85 let to Harvey & Thompson Ltd until 2025 (subject to option)
  • Close proximity to The Mercat Shopping Centre
  • Nearby occupiers include William Hill, Tresspass, RBS and Poundstretcher
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 38
  • Auction 16th February 2017
  • Rent £26,150 per Annum Exclusive
  • Status Sold
  • Price £186,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

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 is the second largest town in Fife, benefitting from excellent accessibility from the A92 linking 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 during the Summer 2017. The property is located on the High Street close to its junction with Whytescauseway close to the Mercat Shopping Centre. Nearby occupiers include William Hill, Tresspass, RBS and
Poundstretcher.

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 is the second largest town in Fife, benefitting from excellent accessibility from the A92 linking 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 during the Summer 2017. The property is located on the High Street close to its junction with Whytescauseway close to the Mercat Shopping Centre. Nearby occupiers include William Hill, Tresspass, RBS and
Poundstretcher.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises two ground floor retail units.

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191 Email: mhairi.jarvis@acuitus.co.uk.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises two ground floor retail units.

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Please register your interest with Mhairi Jarvis. Telephone: +44 (0)131 552 5191 Email: mhairi.jarvis@acuitus.co.uk.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
83 Ground Retail
52.58 sq m
566 sq ft
 INDIVIDUAL
(t/a First Class
Turkish Barbers)		 15 years from
19/04/2013 (1)		 £12,000 11/02/2020
11/02/2025
(18/04/2028)
85 Ground Retail
51.93 sq m
559 sq ft
 HARVEY &
THOMPSON LTD (2)		 10 years from
01/08/2015 (3)		 £14,000 01/08/2020
(01/08/2025)
83-85 - Sub-Station
-
-
 SCOTTISH POWER
PLC		 999 years from
01/04/1995		 £150 (31/03/2095)
Total  
104.51 sq m
1,125 sq ft
     £26,150  

(1) The lease provides an option to determine on 11/02/2018, 11/02/2021 and 11/02/2024.
(2) For the year ending 31 December 2015, Harvey & Thompson Ltd reported a turnover of £89,244,000, pre-tax profits of £7,636,000 and a total net worth of £71,545,000. (Source: Experian Group 17/01/2017)
(3) The lease provides an option to determine on 01/08/2018 and 01/08/2020.

Contacts

Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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