114 High Street Kirkcaldy Fife KY1 1NQ

114 High Street
Kirkcaldy
Fife
KY1 1NQ

  • 114 High Street<br>Kirkcaldy<br>Fife<br>KY1 1NQ

High Yielding Heritable Bank Investment

  • Prominent Town Centre location adjacent to the Mercat Shopping Centre on Busy High Street
  • Entire building occupied by TSB Bank PLC since 1998
  • Lease recently extended by 5 years 2027 (No Breaks) at a Re-Based Rent of £55,000 p.a.x.
  • Banking Hall Refurbished by TSB in 2021
  • Nearby Occupiers Include Superdrug, JD Sport, Boots, The Works and Costa. Occupiers in the neighbouring Mercat Centre include TK Maxx and Home Bargains
  • Lot
    33
  • Auction
    18/May/2022
  • Rent
    £55,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £475,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
18 miles north-east of the Forth Road Bridge, 28 miles north of Edinburgh, 24 miles south west of St Andrews
Roads
A92
Rail
Kirkcaldy Railway Station (ScotRail)
Air
Edinburgh Airport
Situation

The property is situated in a prime retailing location on the south side of the High Street, in the heart of Kirkcaldy town centre. The property is located adjacent to The Mercat Shopping Centre. Car parking is provided by The Esplanade (approx. 502 spaces) . Neighbouring occupiers on the High Street include Superdrug, JD Sport, Boots, Costa Coffee, The Works and Vision Express.

Tenure

Heritable. Scottish Equivalent of English Freehold

Location
Miles
18 miles north-east of the Forth Road Bridge, 28 miles north of Edinburgh, 24 miles south west of St Andrews
Roads
A92
Rail
Kirkcaldy Railway Station (ScotRail)
Air
Edinburgh Airport
Situation

The property is situated in a prime retailing location on the south side of the High Street, in the heart of Kirkcaldy town centre. The property is located adjacent to The Mercat Shopping Centre. Car parking is provided by The Esplanade (approx. 502 spaces) . Neighbouring occupiers on the High Street include Superdrug, JD Sport, Boots, Costa Coffee, The Works and Vision Express.

Tenure

Heritable. Scottish Equivalent of English Freehold

Description

The property comprises a traditional sandstone building with a banking hall at ground floor and offices at first floor, together with ancillary/staff accommodation at second floor level. The banking hall was refurbished by TSB in 2021.

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 traditional sandstone building with a banking hall at ground floor and offices at first floor, together with ancillary/staff accommodation at second floor level. The banking hall was refurbished by TSB in 2021.

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 sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Reversion
Ground Floor
Basement
First Floor
Second Floor
Banking Hall
Storage
Staff/ Storage
Ancillary
336.41 sq m
20.04 sq m
119.81 sq m
99.74 sq m
(3,621 sq ft)
(216 sq ft)
(1,290 sq ft)
(1,074 sq ft)
TSB BANK PLC (1) 29 years from 18 November 1998
to 24 March 2027 on a
Full Repairing and Insuring Lease
£55,000
24/03/2027
Total  
575.99 sq m
(6,201 sq ft)
   
£55,000
 

(1) TSB is part of the Spanish banking group Sabadell that offers full service banking to more than five million customers (Source: www.tsb.co.uk). For the year ending 31/12/2020 TSB Bank Plc reported a turnover of £1,064,000,000, pre-tax profits of £-156,200,000 and total shareholders equity of £1,724,900,000 (Source: NorthRow 12/12/2021).


If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    06.05.22
    File Size
    6 MB
    Login to View
  • Brochure
    Updated Date
    29.04.22
    File Size
    2 MB
    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
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Seller's Solicitors
Bellwether Green 225 West George Street
Glasgow
Scotland
G2 2ND
Steven Templeton 0141 218 4907steven.templeton@bellwethergreen.com

Useful Links

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

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