20-38, 52 Woodside Way, Glenrothes, KY7 5DF, 20 Woodside Way, Glenrothes, KY7 5DF
not specified / Other / Investment
For Sale
- £225,000.00
Available - Last updated: 28 November 2024
Summary
The subjects comprise a parade of 7 ground floor retail units of masonry construction, under a flat roof. The building is arranged over three floors, providing retail space on the ground floor and residential accommodation above.
Each unit benefits from glazed frontage and single access door to the front elevation. Internally, the units benefit from open plan sales areas with storage and staff welfare areas to the rear.
Key Points
Busy thoroughfareResidential areaIncome of £19,720 paOffers over £225,000Net Initial Yield 8.7%Potential Yield 16.2%
Accommodation
Each unit has a net internal area of circa 500 sq ft.
Tenancies
Lease documentation can be made available to genuinely interested parties.
Tenure
Heritable Interest (Scottish equivalent of English Freehold).
Price
Offers over £225,000 are invited for our clients heritable interest (Scottish equivalent to English Freehold) subject to the lease agreements in place. A purchase at this level would reflect a NIY of 8.7% after purchasers' costs and a potential yield of 16.2% after the 3 vacant units are let.
Rateable Values
We refer you to the Scottish Assessors Association website for details.
EPC
Copies of the Energy Performance Certificates (EPC) are available upon request.
What3words
trade.reward.army
Location
Glenrothes is a town situated in the heart of Fife, in east-central Scotland. The town lies approximately 5 miles north of Kirkcaldy and has an excellent communication system including main line railway stations at both Markinch and Thornton. The town also benefits from the A92 East Fife Regional road which provides a first class dual carriageway linking to central Scotland’s motorway network.
The subjects are situated on the north side Woodside Way, Glenrothes. Woodside
Way is situated within the catchment of Woodside in a highly populated residential area. Nearby occupiers include Barrie’s Barbers, Woodside Community Centre and Easy Stop.
Property Quote Price(s)
Description | Sale type | Guide price | Price type |
|
For Sale Freehold
|
£225,000.00
| NA |
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