FOR SALE BY ONLINE AUCTION ON WEDNESDAY 26TH FEBRUARY 2025 AT 9AM. ***GREAT OPPORTUNITY TO ACQUIRE A SHOP UNIT IN POPULAR LOCAL PARADE***COMMERCIAL INVESTMENT OPPORTUNITY***HIGH YIELDING INVESTMENT***
***WELL LET SHOP UNIT IN LOCAL POPULAR PARADE*** - Trading as a tattoo parlour
***Location Highlights*** - Woodside Way is a prominent main road in Glenrothes, offering high visibility and foot traffic. The area boasts a variety of businesses, contributing to a vibrant commercial environment.
***Investment Benefits***
- Established Tenant: Long-term lease with a reputable local business
- Attractive Yield: Over 14% rental yield, presenting a compelling return on investment
- Strategic Location: Situated in a popular retail area with consistent customer flow
***RECENT NEARBY SALES***
Residential - 36 Camby Road, Glenrothes, Fife, KY7 5BX - SOLD £324,000 (Aug'24)
Residential - 4 Methven Drive, Glenrothes, Fife, KY7 6QW - SOLD £335,000 (Aug'24)
UNIT 20 - ***Circa 500 sq ft***Commercial lease £5720 p.a (Feb 24).***
• This property is let for £476.67pcm (+vat) on a new commercial Lease agreement *** £5720 (+vat) per annum income (14.3% yield based on guide price)***
• This property is tenanted as a tattoo parlour*** 3 Year Lease lasts until January 2027*** Solid investment credentials***
***Popular local parade***Fantastic opportunity to acquire a retail unit in popular local parade of shops in a sought after residential district in Glenrothes. This properties is being sold with a tenant in place and although subject to VAT, any sale could be treated as a TOGC (subject to obtaining independent advice).*** The property is a ground floor retail unit contained within a purpose built development with residential on the upper floors***
***Glenrothes is a thriving New Town in Central Fife with an expanding population which is now approaching approximately 50,000.***The town is the administrative centre for the Fife Region and benefits from a busy commercial centre focused on the Kingdom Centre and also a large number of established industrial estates around its periphery.***The subjects are well situated for access to the A92, connecting to the central belt via the M90. Glenrothes is further served by having railway stations at both Thornton and Markinch***Glenrothes is a major service centre and is the administrative capital of Fife, containing the headquarters of both Fife Council and Police Scotland Fife Division.***It is a centre for excellence within the high-tech electronics and manufacturing sectors.***
GUIDE PRICE: £40,000
The purchase of this property is subject to VAT.
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.