Let to R.T. Stuart Limited t/a Stuart’s of Buckhaven until 2029 (no breaks)
Prominent corner position in Leven town centre
Stuarts of Buckhaven have traded from the unit since 1988
Nearby occupiers include Specsavers, Greggs, Boots and a newly opened Costa Coffee
VAT-free investment
Lot 73
Auction 7th December 2017
Rent
Status Sold
Price £145,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
14 miles south-west of St Andrews, 36 miles north-east of Edinburgh City Centre
Roads
A92, A915
Rail
Kirkcaldy Railway Station
Air
Edinburgh Airport
Situation
Leven is home to the famous Leven Links Golf Club which was founded in 1846, making it one of the oldest golf clubs in the world. Leven is also home to one of the largest grain distillery and bottling facilities in the world. The property is located in a prominent corner trading location at the junction of Durie Street and Mitchell Street, a continuation of the High Street. Nearby occupiers include Boots the Chemist, Greggs, Specsavers and a newly opened Costa Coffee.
Tenure
Heritable. (Scottish equivalent of English freehold).
Location
Miles
14 miles south-west of St Andrews, 36 miles north-east of Edinburgh City Centre
Roads
A92, A915
Rail
Kirkcaldy Railway Station
Air
Edinburgh Airport
Situation
Leven is home to the famous Leven Links Golf Club which was founded in 1846, making it one of the oldest golf clubs in the world. Leven is also home to one of the largest grain distillery and bottling facilities in the world. The property is located in a prominent corner trading location at the junction of Durie Street and Mitchell Street, a continuation of the High Street. Nearby occupiers include Boots the Chemist, Greggs, Specsavers and a newly opened Costa Coffee.
Tenure
Heritable. (Scottish equivalent of English freehold).
Description
The property comprises ground floor retail accommodation with first floor ancillary 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 with first floor ancillary 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 First
Retail/Ancillary Ancillary
63.64 sq m 34.37 sq m
(685 sq ft) (370 sq ft)
R.T. STUART LIMITED (1) t/a Stuart’s of Buckhaven
Approximately 25 years from 27/09/2004 on a full repairing and insuring lease
£14,500
31/07/2029
Totals
98.01 sq m
(1,055 sq ft )
£14,500
(1) R.T. Stuart Limited was incorporated in 1941, although the family business commenced trading in 1857. Today R.T. Stuart trade from 16 shops throughout Scotland (www.stuartsfinefood.co.uk). For the year ending 31st March 2016, R.T. Stuart Limited reported a total net worth of £1,251,520 (Source: Experian Group 13/11/2017).