Exceptional Development / Asset Management Opportunity***Massive former supermarket (circa 2700 sq ft) in Densely populated district*** Established Parade of shops*** PLANNING PERMISSION GRANTED TO SPLIT INTO 3 UNITS*** Good Internal Condition***
• ***Great Location*** With population of 50,000, served by main line railway station and road network including M90, A90, A92. Edinburgh Airport 24 miles***SUPER SIZE***Potential for massive uplift in value***Benefits from parking & Goods Yard***
• ***47 Pentland Place sold £90k (Sept 23)** 2 Pentland Place Sold £101.5k (Aug 23)**55 Pentland Place Sold £110k (May 23)**74 Pentland Place Sold £147k (Nov 22)** Popular & affordable residential district***• Kirkcaldy is at the heart of the Fife economy and is the largest town in the region. In June 2023 the Plans were announced to invest over £985m in Fife*** Multiple Residential Developments are planned for Kirkcaldy*** This is a fabulous Potentially High Yielding Investment Opportunity***
• PLANNING CONSENT GRANTED to split this property into 3 x retail units *** Full details of development with auctioneers*** Ideal for redevelopment & Asset Management (STP)*** Estimated rent once split is in excess of £36,000 per annum. Fabulous opportunity to acquire a MASSIVE former supermarket circa 2700 sq ft.***Planning permission Granted to convert into 3 separate properties comprising: Hot food Takeaway & 2 x retail units*** Now being sold Vacant***WELL ESTABLISHED LOCAL RETAIL PARADE*** Nearby occupiers include: Office, Sunbed shop, Hairdresser, Hot food Takeaway, Newsagent*** Great Asset Management potential*** The potential achievable rent post redevelopment is £36,000 per annum*** The property is being sold subject to vat which will be payable by purchase at the prevailing rate***Kirkcaldy is one of Fife’s principal centres having a population approaching 50,000 persons and a catchment area estimated to be in the region of 150,000. The town benefits from an excellent transportation system, having a railway station located on the east coast mainline which runs from London Kings Cross via Edinburgh to Aberdeen and the East Fife Regional Road providing a first-class dual carriageway link into Central Scotland’s motorway network.*** This is an ideal Asset management project for property entrepreneurs***AUCTIONEERS COMMENT: “This well maintained and large former supermarket is situated in an established local retail parade. An excellent Turnkey opportunity is presented here for a property professional to implement the existing planning permission and create a potentially high yielding investment.”
GUIDE PRICE: £120,00
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