The subjects comprise a long established take away business situated on the ground floor of a 3 storey building with extensive glazed frontage.
Internally the property comprises of a large front retail area/collection point, rear kitchen with storage and w/c facilities.
The sub-tenant is one of the longest established takeaway businesses in Kirkcaldy and was opened around 25 years ago.
Leases will be made available to genuinely interested parties.
The current passing rent is £18,200 per annum, increasing in 2029 and 2034. The lease expires on the 31st October 2036 and is on a Full repairing and insuring basis.
Location
Kirkcaldy is a town and former royal burgh in Fife, on the east coast of Scotland. It is about 12 miles north of Edinburgh and 28 miles southwest of Dundee. The town had a recorded population of 49,460 in 2011, making it Fife’s second-largest settlement and the 11th most populous settlement in Scotland.
The town is a major service centre for the central Fife area. It has a swimming pool, theatre, museum and art gallery, three public parks and an ice rink. The A92, which connects Dunfermline to the west with Glenrothes and Dundee to the north, passes immediately north of Kirkcaldy.
The subjects are located on the north-western side of High Street close to its junction with the A921.
Accommodation
From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate net internal area (NIA):
126m² / 1,355ft²
Terms
Proposal - Offers in excess of £150,000 are invited.
Rating - Rateable value £9,600.
Planning - All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Fife Council Planning Department.
EPC - A copy of the EPC will be available on request.
Closing Date - A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.
VAT - N/A.
Specification
- OFFERS OVER £150,000
- 1,355 FT²
- LEASED UNTIL 2036
- PRIME LOCATION
- WELL ESTABLISHED SUB-TENANT
- 12% GROSS INITIAL YIELD