Commercial investment opportunity ***Circa 450 sq ft*** Well let shop unit in popular local parade ***NEW commercial lease £5720 p.a (Feb 24) *** Immediate Rental Yield of: 13% *** HIGH YIELDING INVESTMENT
• This property is let for £476pcm (+vat) on a new commercial Lease agreement *** £5720 per annum income *** This is a rental yield of 13% per annum *** Popular location with a great selection of local operators
• Very popular residential area: 74 Woodside Way Sold £132,500 (Sept 23) ** 72 Woodside Way Sold £177k (April 23) *** 83B Woodside Way Sold £70k
(Mar 23)** 60 Balgonie Ave Sold £83k (May 24)**
• This property is tenanted as a tattoo parlour*** Brand New 3 Year Lease*** Solid investment credentials*** Excellent location & well priced***
• Super sized shop *** Other occupants in parade include Hot food takeaway, newsagent & hairdressers *** Popular local parade *** Fantastic opportunity to acquire a well let retail unit in popular local parade of shops in a sought after residential district in Glenrothes. This property 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 units 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 *** This property is currently let to a New Tenant (Feb 24) on a commercial lease *** 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: £44,000
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