Strong Secondary Retail Unit
573sq ft
Held on F.R.I Lease
Expiry November 2029
Passing Rent: £9,XXX.a.
Guide Price: £45,000+
Location
The subjects are situated on the south side of Hill Street, approx 20yrds from its junction with High Street on a secondary retail pitch within the bustling town centre of Inverkeithing.
Neighbouring occupiers include Inverkeithing Civic Centre, Bayne’s Bakery, Stephen’s The Baker, Ladbrokes & Co-Op Funeral Care.
Fife is situated between the Firth of Forth and the Firth Of Tay with inland boundaries to Perth & Kinross and Clackmannanshire. Fife has the third largest local authority area by population, with a resident population of c.360,000 and is dominated by the 3 principle towns of Dunfermline, Kirkcaldy and Glenrothes.
Subjects
The subjects comprise a ground floor retail unit set within a larger 3 storey mixed use development of traditional construction rendered in sandstone and roughcast, surmounted by a pitched and tiled roof. The property offers a double frontage with 4 large aluminium framed display windows flanking the entranceway.
Internally the subjects have been fitted out for a cafe use, with lighting provided by way of fluorescent strips recessed within the suspended acoustic tile ceiling, floors have been levelled and overlaid with laminated timber. The the rear of the demise, the kitchen area has been formed along with partitions having been erected to form store, w.c. facilities and staff area.
Area
The subjects have been measured on a net internal area basis to extend to the following floor area;
Ground: 53.24sqm (573sq ft)
NAV/RV
The subjects have been assessed and entered onto the valuation roll with the following NAV/RV;
£5,700
The subjects qualify for rates exemption under the small business rates relief scheme. Further information available on request.
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms
Tenant: Personal Name
Passing Rent: £9,XXX.a.
Tenant Break: November 2024 (providing not less than 6 months written notice)
Price
The property is available on a freehold basis for a guide price of £45,000+
V.A.T.
Figures quoted are exclusive of V.A.T. the purchase will be subject to V.A.T. and may be treated as a T.o.G.C. (Transfer of a Going Concern)
E.P.C.
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Planning
Copies of consent are available from the marketing agent.
Viewing
By appointment