FOR SALE BY ONLINE AUCTION ON WEDNESDAY 26TH FEBRUARY 2025 AT 9AM. ***EXCEPTIONAL INVESTMENT OPPORTUNITY***END TERRACED RETAIL UNIT IS PART OF A VIBRANT LOCAL SHOPPING PARADE***HIGH YIELDING INVESTMENT***
***WELL LET SHOP UNIT IN LOCAL POPULAR PARADE*** - Trading as barbers / hairdressers
***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 24 - ***Circa 500 sq ft***Commercial lease £4800 p.a***
• This property is let for £400pcm (+vat) on a commercial Lease agreement *** £4800 per annum income (12% yield based on guide price)***
• This property is tenanted as a barbers hairdressers***Lease lasts until January 2027 offering a stable income stream for investors (with a break option on January 2025)*** Solid investment credentials***
***Popular local parade***Fantastic opportunity to acquire 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 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.