Tenant recently undertaken a refurbishment programme
Situated in a densely populated residential area
Lot 96
Auction 19th October 2017
Rent £7,500 per Annum Exclusive
Status Sold
Price £70,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
17 miles south-west of St Andrews, 35 miles north of Edinburgh
Roads
A92, A915, M90
Rail
Kirkcaldy Railway Station
Air
Edinburgh Airport
Situation
Buckhaven is a town on the east coast of Fife, approximately 17 miles south-west of St Andrews. The property is situated in a densely populated residential area on the east side of Sandwell Street.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
17 miles south-west of St Andrews, 35 miles north of Edinburgh
Roads
A92, A915, M90
Rail
Kirkcaldy Railway Station
Air
Edinburgh Airport
Situation
Buckhaven is a town on the east coast of Fife, approximately 17 miles south-west of St Andrews. The property is situated in a densely populated residential area on the east side of Sandwell Street.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises ground floor retail accommodation.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation.
VAT
VAT is not 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
Betting Office/ Ancillary
53.40 sq m
(575 sq ft)
CORAL RACING LIMITED (1)
10 years from 11/11/2011 on a full repairing and insuring lease
£7,500
10/11/2021
Total
53.40 sq m
(575 sq ft)
£7,500
(1) For the year ending 26th September 2015, Coral Racing Limited reported a turnover of £667,786,000, pre-tax profits of £81,106,000 and a total net worth of £264,149,000 (Source: Experian Group 21/09/2017).