134 - 146 High Street Kirkcaldy Fife KY1 1LN

134 - 146 High Street
Kirkcaldy
Fife
KY1 1LN

Substantial Heritable (2) Retail Opportunity

Substantial Former Department Store
Approximately 38,660 sq ft
Let to British Home Stores Limited (in administration)
May appeal to Investors, Developers and Owner Occupiers
Future Redevelopment and Change of Use Potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
57
Auction
30th March 2017
Rent
£330,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Substantial Heritable (2) Retail Opportunity

Substantial Former Department Store
Approximately 38,660 sq ft
Let to British Home Stores Limited (in administration)
May appeal to Investors, Developers and Owner Occupiers
Future Redevelopment and Change of Use Potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 57
Auction 30th March 2017
Rent £330,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 18 miles north-east of the Forth Road Bridge, 28 miles north of Edinburgh
Roads: A92
Rail: Kirkcaldy Railway Station (40 minutes to Edinburgh Waverley)
Air: Edinburgh Airport

Situation

The property is situated in a prime retailing location on the eastern side of the pedestrianised section of High Street, in the heart of Kirkcaldy town centre. The property fronts The Mercat Shopping Centre which also houses occupiers including Marks & Spencer, Boots the Chemist, JD Sports, TK Maxx, Superdrug, Peacocks and Poundland. Car parking is provided by The Esplanade (approx. 502 spaces) and The Thistle (approx. 213 spaces) car parks, both of which are located nearby.

Tenure

Heritable. (2) A small part of the property (accessway to The Mercat Centre) is held leasehold for a term expiring 15th May 2099 at a nominal rent.

Location

Miles: 18 miles north-east of the Forth Road Bridge, 28 miles north of Edinburgh
Roads: A92
Rail: Kirkcaldy Railway Station (40 minutes to Edinburgh Waverley)
Air: Edinburgh Airport

Situation

Tenure

Heritable. (2) A small part of the property (accessway to The Mercat Centre) is held leasehold for a term expiring 15th May 2099 at a nominal rent.

Description

The property comprises a substantial former department store, arranged over ground, basement, first and second floors.

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 substantial former department store, arranged over ground, basement, first and second floors.

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	Rent p.a.x
Ground Basement First Second	Retail/Ancillary Ancillary Ancillary Ancillary	1,728.00 sq m 387.87 sq m 1,410.73 sq m 65.03 sq m	(18,600 sq ft) (4,175 sq ft) (15,185 sq ft) (700 sq ft)	BRITISH HOME STORES LIMITED (1)	£330,000 (No rent being received)
Totals		3,591.63 sq m	(38,660 sq ft)

(1) The property is currently let to British Home Stores Limited (in administration and not in occupation) at £330,000 per annum. Following the BHS CVA in April 2016, this rent was reduced by 50%. No rent has been received since 16th August 2016, although the lease remains in place.