10/10A Cross Wynd
Dunfermline
Fife
KY12 7AP

Heritable Restaurant and Hairdresser Investment

  • Comprises a ground floor Retail Unit with a self-contained Hairdressers Salon on the first floor
  • Town Centre location close to the High Street and the Kingsgate Shopping Centre.
  • Adjacent to the town's bus station.
  • Nearby occupiers include JD Weatherspoon, Sports Direct, WH Smith and Clydesdale Bank.
  • Lot
    39
  • Auction
    24/Sep/2021
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
Important Update
  • 10/10A Cross Wynd, Dunfermline, Fife, KY12 7AP
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
18 miles north-west of Edinburgh,
22 miles east of Stirling
Roads
M90, A92, A985
Rail
Dunfermline Town Railway Station
(40 minutes to Edinburgh Waverley)
Air
Edinburgh International Airport (11 miles south)
Situation

The property is situated on the east side of Cross Wynd in Dunfermline town centre. The Kingsgate Shopping Centre is located nearby, with occupiers including Marks and Spencer and Boots the Chemist. Other nearby occupiers include JD Weatherspoon, Primark, Sports Direct, WH Smith and Clydesdale Bank.

Tenure

Heritable.

Description

The property comprises a self-contained retail unit on the ground floor and a hairdressers salon on the first floor, which is accessed via a separate entrance off Cross Wynd.

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Archibald

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

UnitFloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
10GroundRetail/
Restaurant
71.72 sq m
(772 sq ft)
L&S FORREST
LIMITED
15 years from
19/01/2018 to
18/01/2033 (3)
£11,00015/01/2024
15/01/2029
(18/01/2033)
10AFirstHair Salon
67.35 sq m
(725 sq ft)
INDIVIDUAL10 years from
16/11/2020 to
15/11/2030 (1)
£9,000 (2)31/12/2025
(15/11/2030)
Total
139.08 sq m
(1,497 sq ft)
  £20,000 

(1) There is a tenant break option on 31/12/2025. Please see the legal pack for further information
(2) Rent commencement was 01/01/2021. Stepped rent - 01/01/2021to 31/12/2023 £9,000pa, 01/01/2024 to 31/12/2026 £9,900 pa, 01/01/2027 to 31/12/2029 £10,700pa, 01/01/2030 to 31/12/2031 £11,400pa. A rent deposit of £750 is held by the landlord.
The deposit is repayable to the tenant on 31/12/2022.
(3) There are tenant break options on the fifth and tenth anniversaries of the lease start. Please see the legal pack for further information.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    15.09.21
    File Size
    18 MB
    Login to View
  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    564 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    235 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Jain, Neil & Ruddy The Town House, 12 Sandyford Place, Sauchiehall Street,
Glasgow
Scotland
G3 7NB
Pravin Jain 0141 2218778pravin@jnrsolicitors.com

Useful Links

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