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Retail/Class 2 Premises, 87 High Street, Kirkcaldy, KY1 1LN

1,911 Sq Ft / Retail / General Retail

For Sale - £200,000.00

To Let - £20,000.00 per annum

Available - Last updated: 26 March 2024

The subjects comprise prominent retail/class 2 premises arranged over the ground and basement floors of a 4 storey and basement corner building with ornate features. It is of traditional stone construction contained under a pitched and slated roof.

The retail frontage extends from High Street onto Whytescauseway and comprises a recessed timber/glazed entrance door together with full height, timber/glazed display windows.

Internally the ground floor is arranged to provide an open plan retail area to the front with a range of cellular office accommodation incorporated to the rear. This leads to a staff area with WC and kitchen facilities and provides access via fixed stair to the basement floor where a mix of storage style accommodation is available.

Location

Kirkcaldy is one of Fife’s principal centres of commerce, having a resident population of around 50,000 persons but with a strong rising trend and forecast. The town is well served by transport links, having good road connections via the A92 to the nearby M90 and Central Scotland’s motorway network.

There is a good public transport system in respect of bus links and through the existence of a mainline railway station on the Aberdeen/Dundee/Edinburgh route.

The subjects are located on the corner of High Street and Whytescausway, lying just south of Kirkcaldy’s pedestrianised town centre. The location is particularly prominent with the display frontage providing excellent visibility to both passing vehicular and pedestrian trade.

The surrounding area is given over to a mix of commercial uses with both national and local operators situated nearby, these include a Morrisons Daily store, Trespass and H & T Pawnbrokers. The towns bus station also lies only a short distance to the north.

Accommodation

The property has been measured in accordance with RICS Code of Measuring Practice - 6th Edition on a net internal basis and is as follows:

Ground Floor - Retail - 92 sq m (990 sq ft)

Basement - Storage - 85.87 sq m (921 sq ft)

Total - 177.87 sq m (1,911 sq ft)

Terms

LEASE TERMS: the subjects are offered on normal Full Repairing and Insuring terms for a period to be agreed incorporating Rent Reviews at appropriate intervals.

RENTAL: Offers of £20,000 per annum exclusive are invited.

ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request.

NON DOMESTIC RATES: According to the Scottish Assessors’ Association website, the subjects are noted to have a Rateable Value of £15,600 per annum.

SALE PRICE: Offers in the region of £200,000 are invited for the benefit of our clients interest.

LEGAL COSTS: Each party will be responsible for paying their own legal costs incurred in this transaction.

VAT: All prices quoted are exclusive of VAT which maybe chargeable.

Specification

  • Town Centre retail premises
  • Excellent corner frontage to busy central streets
  • On street parking available
  • Offers of £20,000 per annum exclusive for lease
  • Offers in the region of £200,000 for purchase

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £200,000.00 NA
Offers of To Let £20,000.00 per annum

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Contact agents

Lois Paterson

DM Hall

01383 650360

Fife Agency

DM Hall

01383 650233

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