3-5 New Row
Dunfermline
Fife
KY12 7EA

Heritable office investment and redevelopment opportunity (subject to planning)

  • Prominent town centre location opposite Kingsgate Shopping Centre and overlooking the High Street
  • Well let first floor with active management opportunities
  • Second floor residential redevelopment opportunity (planning consent and building warrant obtained)
  • Lot
    40
  • Auction
    24/Sep/2021
  • Rent
    £21,861 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • 3-5 New Row, Dunfermline, Fife, KY12 7EA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
17 miles north-west of Edinburgh
23 miles east of Stirling
49 miles east of Glasgow
Roads
M90, A985, A823(M)
Rail
Dunfermline Railway Station
(35 minutes to Edinburgh Haymarket)
Air
Edinburgh International Airport (8 miles south)
Situation

The subjects are located on New Row, in a highly visible, corner position in a prime office location on the junction of High Street and New Row. The property overlooks the entrance to the Kingsgate Shopping centre to the north. Immediately to the south of the property is the Alhambra Theatre. From the second floor there are uninterrupted views south towards the Firth of Forth and Edinburgh beyond. This is a busy town centre location in an area of mixed commercial use, including retail, office, leisure as well as some residential uses on New Row and the surrounding streets

Tenure

Heritable.

Description

The subjects comprise the first and second floors of a larger building. The property is accessed from New Row with lift and stair access to the upper floors.
Specsavers operate their laboratory function from the part first floor servicing their shop on the High Street below.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald

EPC

Various. Please see the legal pack for further information.

Tenancy & Accommodation

FloorFloor Areas
(Approx)
TenantTermRent p.a.x
First Floor
146.01 sq m
(1,571 sq ft)
SPECSAVERS OPTICAL
SUPERSTORES LTD
10 years from 24/08/2015 to
23/08/2025
£2,826.38
First Floor
228.92 sq m
(2,646 sq ft)
FEDCAP EMPLOYMENT
SCOTLAND LIMITED
5 years from 03/07/2015 to
02/07/2020 (1)
£19,035
Second Floor
494.75 sq m
(5,110 sq ft)
Please see note (2) below  £21,861.38

(1)The Lease was assigned to Fedcap Employment Scotland Limited from Working Links Employment Ltd (In Administration). The lease is currently running on tacit relocation and is subject to a rolling mutual break option, terminable by either party on not less than 3 months prior notice. Tenant has no liability for dilapidations or for alterations relating to the period prior to 1 March 2019 and a limited repair and dilapidations obligation which is subject to a photographic schedule of condition. There is a service charge cap of £2000 per annum exc VAT relating to any costs applicable to the lift. Please see the legal pack for further information.
(2) There is a rates saving arrangement in place. 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

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    603 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    260 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
Brodies LLP 15 Atholl Crescent
Edinburgh
EH3 8HA
Clare Dewar +44(0) 131 656 0066clare.dewar@brodies.com

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