Ground floor retail unit extending to approx 95 sq m (1,025 sq ft)
Nearby occupiers include Boots, Pandora, Vision Express, JD Sports, Game, Vodafone and Greggs
Asset management opportunities
Of interest to investors and owner occupiers
Business Rates Relief may apply (3)
Lot 91
Auction 11th July 2018
Rent £12,000 per Annum Exclusive
Status Sold
Price £60,000
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, M90 (Junction 3)
Rail
Kirkcaldy Railway Station (Approx 40 mins to Edinburgh Waverley)
Air
Edinburgh Airport
Situation
Kirkcaldy is the second largest town in Fife and benefits from excellent road communications, being located close to the A92, which links with the M90 and provides access to Edinburgh to the south and Perth to the north. Kirkcaldy further benefits from the opening of the Queensferry Crossing connecting Edinburgh and Fife. The property is situated in the heart of the town centre, on the west side of High Street. Nearby occupiers include Boots, Pandora, Vision Express, JD Sports, Game, Vodafone and Greggs.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
18 miles north-east of the Forth Road Bridge, 28 miles north of Edinburgh
Roads
A92, M90 (Junction 3)
Rail
Kirkcaldy Railway Station (Approx 40 mins to Edinburgh Waverley)
Air
Edinburgh Airport
Situation
Kirkcaldy is the second largest town in Fife and benefits from excellent road communications, being located close to the A92, which links with the M90 and provides access to Edinburgh to the south and Perth to the north. Kirkcaldy further benefits from the opening of the Queensferry Crossing connecting Edinburgh and Fife. The property is situated in the heart of the town centre, on the west side of High Street. Nearby occupiers include Boots, Pandora, Vision Express, JD Sports, Game, Vodafone and Greggs.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises a ground floor retail unit which forms part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit which forms part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Retail/Ancillary
95.00 sq m
(1,025 sq ft)
INDIVIDUALS t/a Komandor Storage Solutions (1)
1 year from 07/04/2015
£12,000
(2)
Total
95.00 sq m
(1,025 sq ft)
£12,000
(1) Komandor Storage Solutions is a specialist in the design, supply and fitting of bespoke fitted furniture. The company operates throughout Scotland and has a showroom in Kirkcaldy, Fife, and an office in Edinburgh (www.komandorstoragesolutions.co.uk). (2) Under Scottish law, the lease will continue year on year on the same terms and conditions until the next anniversary. The lease has continued for another year most recently from 07/04/2018. If either the tenant or the landlord wish to terminate the lease, they must serve notice to quit within the specified time period prior to the anniversary. (3) Business Rates Relief may apply (www.mygov.scot/business-rates.relief).
