2 Durie Street Leven Fife KY8 4HE

2 Durie Street
Leven
Fife
KY8 4HE

Heritable Retail Investment

  • 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
    £14,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £145,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • 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).

Property Documents

  • Site Plan
    Updated Date
    01.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    01.11.19
    File Size
    807 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Peterkins Robertson and Paul Solicitors Kensington House, 227 Sauchiehall Street
Glasgow
G2 3EX
David Morris 0141 331 4510davidmorris@prp-legal.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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